Published: July 21, 2011
Private equity firm takes stake in Kent Hospital Group.
Mid Europa Partners, a private equity firm focused on Central and Eastern Europe, is buying a 65% stake in Kent Hospital Group, a private hospital operator based in Izmir, Turkey.
The deal is Mid Europa’s first investment in Turkey, and its fourth in healthcare services.
Matthew Strassberg, a partner of Mid Europa responsible for healthcare investments, said:
“We have identified private healthcare services in Turkey as a strong and sustainable growth opportunity and believe that Kent, with its track-record of medical excellence, represents an attractive consolidation platform in this market.”
As part of the deal, Mid Europa may increase its stake to up to 90% over time.