MLP Sağlık Fully Acquires Its Stake in Samsun Medikal

MLP Sağlık Hizmetleri, operating under the brands Medical Park and Liv Hospital, has acquired the remaining 20 percent stake in Samsun Medikal Grup Özel Sağlık Hizmetleri A.Ş. in cash, becoming the sole controlling owner of the entire company.

Acquisition Details

MLP Sağlık Hizmetleri, the owner of the Medical Park and Liv Hospital brands, has made a significant financial move in the healthcare sector.

The company has acquired the remaining 20 percent stake in Samsun Medikal Grup, of which it previously held an 80 percent share.

Transaction Price and Ratios

It was decided to make a total cash payment of 115 million dollars for this strategic acquisition.

It was stated that the acquisition price corresponds to approximately 10 to 10.2 percent of the company's revenue in its latest annual financial statements.

Change in Partnership Structure

The share transfer transactions in question are being carried out through MS Sağlık and Sotte Sağlık, which are 100 percent subsidiaries of MLP Sağlık.

As a result of the completed process, MS Sağlık will hold a 12 percent stake and Sotte Sağlık will hold an 8 percent stake in the company.

Valuation and Reports

In the report prepared by KPMG Yönetim Danışmanlığı for this transfer, which falls within the scope of a related-party transaction, the share value was determined as 116,675,756 dollars.

As a result of the evaluations and mutual negotiations, the parties reached an official agreement in the amount of 115 million dollars.