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Malaysian Fund Buys into Turkish Partner of Skopje Clinic - Media

Malaysian Fund Buys into Turkish Partner of Skopje Clinic - Media

SKOPJE (Macedonia), January 27 (SeeNews) – Malaysian investment fund Khazanah has entered into the ownership structure of Macedonia's Acibadem-Sistina after acquiring a majority stake in the Turkish partner that owns 50% of the Skopje-based clinic, local media reported on Friday.

Khazanah subsidiary Integrated Healthcare Holdings (IHH) has acquired a 75% stake in Turkish healthcare service provider Acibadem for some $1.7 billion (1.3 billion euro), daily Kapital (www.kapital.com.mk) reported, quoting Khazanah data.

IHH's entry as a shareholder puts Macedonia on the global medical services map, unnamed sources from Acibadem-Sistina told Kapital.

Khazanah (www.khazanah.com.my) is the investment holding arm of Malaysia’s government and is empowered as the government's strategic investor in new industries and markets.

Acibadem acquired 50% of Macedonian privately-held clinic Sistina for 20 million euro in October 2010.

($=0.7607 euro)

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