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IHH inks 76m-euro deals with Bulgarian healthcare operators

Indirect unit Acibadem to buy Tokuda Hospital and subsidiaries, merge with City Clinic

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Published Thu, Apr 21, 2016 · 09:50 PM

Singapore

IN two concurrent moves that will make IHH Healthcare Berhad the largest private healthcare provider in Bulgaria, its indirect subsidiary has inked two deals - an acquisition and a merger - valued at about 76 million euros (S$115.7 million).

In a filing with the local bourse on Thursday, IHH said its indirect subsidiary, Acibadem Saglik Hizmetleri ve Ticaret AS (Acibadem Holdings), on Wednesday agreed to buy Bulgaria- based Tokuda Hospital and its subsidiaries, as well as merge with City Clinic, another healthcare operator in Bulgaria.

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