PROJECT

Projects

Environmental Review Summary

Project Number

24659

Company Name

ACIBADEM SAGLIK HIZMETLERI VE TICARET AS

Date ERS Disclosed

Jan 6, 2006

Country

Turkiye

Region

Central Asia and Turkiye

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Feb 24, 2006
Signed : Mar 14, 2006
Invested : Mar 31, 2006

Sector

Hospitals and Clinics

Industry

other

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

The Acibadem Healthcare Group, a leading private provider of healthcare services in Turkey and an existing IFC client since 2004, has applied to IFC for a corporate loan of up to US$40 million. The purpose of this new project is to expand their healthcare facilities in a number of major cities in Turkey, including Istanbul and Izmir. The total investment program for the period from 2006 to 2008 is estimated to be about US$100 million, which will include a combination of acquisition of existing hospitals and the construction of new hospitals and outpatient clinics. Currently Acibadem, which is affiliated with Harvard Medical International, operates five full-service hospitals, five outpatient clinics, one ophthalmology clinic, and one central laboratory.

Environmental and Social

Conclusion & Monitoring