Published: January 29, 2010
Private equity investor sees growth in disposable products sector.
Turkish asset manager RHEA Investments has agreed to buy a majority stake in SETA Medical Products, which makes disposable medical products including surgical drapes and gowns.
The acquisition will be made through Vakıf Girisim, RHEA’s venture capital trust, and should close in early February.
In a statement, RHEA CEO Onur Takmak said healthcare is one of the fastest growing sectors in Turkey, with the disposable medical products sector worth US$75bn globally.