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.