Private equity group Carlyle and the owners of the Turkish hospital group, Medical Park, are considering a sale of the business or an initial stock offering at the end of 2011 or in the beginning of 2012. This information has been given by 5 people close to the source; official confirmation has not come from [...]

Following a preliminary agreement reached in November, the Carlyle Group has announced the completion of their transaction to acquire a 40% stake in Medical Park HG. Medical Park partners Ethem Sancak and Muharrem Usta retain the remaining 60% of the company. Carlyle’s investment in the Turkish health care company, the second-largest of its kind in [...]

Ethem Sancak and Muharrem Usta, partners in Turkish medical company Medical Park Hospital Group (MPHG), have signed a preliminary agreement to sell a minority stake to the Carlyle Group, an American private equity firm. The deal gives Carlyle a 40% stake of MPHG for a price of $100 million; Sancak and Usta will retain the [...]