Doha: Qatar First Investment Bank announced that along with ARGUS Capital, a London based private equity house, acquired a 40% minority stake in Memorial Health Group (MHG), one of the leading healthcare providers in Turkey.

MHG began operations in February 2000 and is among the top two ‘class A’ healthcare groups in Turkey, offering high quality service with well respected physicians and state-of-the-art equipment. MHG offers a full range of medical services covering 41 branches of medicine including, but not limited to, general surgery, cardiology, cardiovascular surgery, organ transplants, neurosurgery, da Vinci robotic surgery and orthopaedics.

MHG’s main hospital complex is located in Okmeydani in Istanbul, a 55,000 square meter facility with a 214 bed capacity. In addition, MHG also operates two other complexes, one on the Asian side of Istanbul in Atasehir district with 143 bed capacity and the other in the Bahcelievler on the European side with a 114 bed capacity. MHG also operates a complex in Antalya with a 132 bed capacity in addition to two outpatient polyclinics both located in Istanbul.

A proven market leader, MHG was the first hospital to receive the Joint Commission International Accreditation in 2002 and has since renewed in 2005 and 2008. It was also the first private hospital to carry out liver and kidney transplantation and blood-type incompatible pediatric liver transplantation.

Commenting on the agreement, Abdullah Bin Fahad Bin Ghorab Al Marri, Chairman of [Read More]