Khazanah Nearly Finishes Investment in Turkey Hospital Chain

khazanah nasionalMalaysia’s Khazanah Nasional Berhad increased its stake in Acibadem Saglik Hizmetleri & Ticaret AS to 97.3% from 92%. Acibadem Saglik Hizmetleri & Ticaret AS is Turkey’s biggest private hospital chain that also operates outpatient clinics, medical centers, and laboratories.

Khazanah Nasional Berhad has been a big buyer on healthcare investments in the Islamic world.

It has spent billions acquiring private healthcare investments from Turkey to China. Around January 24, 2012, Khazanah Nasional bought 75% of Acibadem Saglik Yatirimlari Holding for RM 3.66 billion. Integrated Healthcare Holdings Sdn, majority-owned by Khazanah Nasional bought 60%, while the other 15% was purchased by its wholly-owned special purpose vehicle (SPV), Bagan Lalang Ventures. The shares were bought from Mehmet Ali Aydinlar and family and Abraaj Capital.

This deal changed Integrated Healthcare Holdings ownership structure since new shares were issued to Mehmet Ali Aydinlar and family and Abraaj Capital after the 75% purchase.

Ownership of Integrated Healthcare Holdings Sdn Bhd

  • Pulau Memutik Ventures (Khazanah Nasional Berhad) – 62.1%
  • MBK Healthcare Partners Limited (Mitsui & Co., Ltd. of Japan) – 26.6%
  • Mehmet Ali Aydinlar and family – 4.2%
  • Abraaj Capital – 7.1%

Some investments of Integrated Healthcare Holdings Sdn Bhd include:

  • Parkway Holdings Ltd
  • Pantai Holdings Bhd
  • International Medical University
  • Apollo Hospitals Enterprises Ltd.


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