Integrated Health campus with 1050 beds to serve a population of approximately 1.6 million people

Background

The Project consists of the design, construction, financing and maintenance of an integrated health campus with 1038 beds, serving the 4th healthcare region of Turkey. The concession contract with the Ministry of Health of the Turkish Republic is comprised of a three-year construction phase followed by 25 years of operation.

The Project provides efficient access to a full range of high-quality healthcare in a single location to a population of about 600,000 people, with 1,850 among doctors, nurseries, technicians, administrative personnel and other staffs employed in the campus.

ELZ Saglik Yatirim A.S. (the Project Company) reached Commercial Close in June 2013 and achieved Financial Close in December 2016. Meridiam is partnering with Ronesans, with which it had already partnered for Adana and Yozgat hospitals. In March 2019, 10% of shares owned by SILA/TTT were acquired by Meridiam (5%) and Ronesans (5%).

Meridiam now holds 68% shareholding of the project company.

Stage:

In Operation, completion date 31 July 2018