The Largest Healthcare Group in Bulgaria- established by the name of Acibadem City Clinic

The Commission on Protection of Competition confirmed the agreement of Acıbadem acquiring TOKUDA Hospital and merging with City Clinic thus officially establishing the largest Healthcare group with a leading position on the market.

At an official ceremony today, the agreement for establishing the largest healthcare care group was signed. It will hold a leading market position in Bulgaria. Acıbadem Healthcare Group together with its partner in Macedonia, Acıbadem Sistina Hospital– acquired Tokuda Hospital in Bulgaria and its subsidiary companies and simultaneously merged with the leading healthcare provider- City Clinic. The new Healthcare Group is named Acıbadem City Clinic.

The deal was personally signed by Mr. Mehmet Ali Aydınlar, Chairman and CEO of Acıbadem, Mr. Ilian Grigorov, CEO of City Clinic, Mr. Angel Angelov, Chairman of the Board of Directors of City Clinic, and Mr. Arthur Stern, a representative of Dr. Torao Tokuda, and Mr. Jordan Kamchev, CEO of Acibadem Sistina Hospital.

Mr. Ilian Grigorov was named CEO of Acıbadem City Clinic, previously holding the very same position at City Clinic. Mr. Mehmet Ali Aydınlar shall be Chairman of the Board of Directors.

As a part of the development strategy, new investments in the existing activities are planned to be made, as well as building new structures. The main focus shall be the fields of Oncology, Cardiovascular Diseases, Neurology, Obstetrics and Gynecology and Pediatrics.

Expected implementation of new technologies and clinical services:

·         Maternal and Child Care
·         Gamma knife as an addition to the treatment options of malignant diseases in Oncology Care
·         A Da Vinci robot and a program of robotic surgeries
·         Brain Science Center and establishment of a specialized Stroke Center following the model of similar leading Centers worldwide
·         A Transplant Center, etc.

Mr. MEHMET ALI AYDıNLAR, Chairman of the Board of Acıbadem City Clinic and Chairman and Chief Executive Officer of Acıbadem, announced the following:

“The agreement is in line with Acıbadem’s strategy focusing on future key developing markets in Central and Eastern Europe and the Balkan Peninsula. Recognizing the need of high-quality and high-tech healthcare, this deal is indeed of great significance to Acıbadem. The world-known brand of Acıbadem has well-developed clinical processes, a precise management and an operational approach. It is important to emphasize that the merger of these four hospitals shall turn Bulgaria into a leading country in the region offering highest quality of healthcare services”.

Mr. Jordan Kamchev, Chief Executive Officer of Acibadem Sistina, made the following comment:

“The agreement for sale and purchase on establishing the largest medical group in Bulgaria was signed in Sofia, wherein together with Acibadem, AFC and City Clinic we took over five hospitals in Bulgaria i.e. the hospital Tokuda and four City Clinic hospitals, two of which are in Sofia and one of which in Varna and Burgas. Considering the above mentioned fact we positioned ourselves on the Balkan map as the largest operators in the private medical business. The deal was agreed earlier and was recently realized, after all the necessary approvals from the institutions in Bulgaria were received.

The role of Acibadem Sistina Hospital is of great importance and we will be part of the technical support for the nursing staff and will assist in the realization and implementation of administrative issues, which have already been completed in Skopje by Sistina and Acibadem. In the upcoming period, Acibadem Sistina Hospital will be a training center. This is a major satisfaction for us since we will need to implement all our experience in the Bulgarian health system.

Macedonian patients in Bulgaria will certainly have access to services that are not available in Skopje, but are available in Bulgaria, i.e. through Acibadem Sistina they can quickly obtain the service and get a better price for it.

As a result of the quality of the equipment at City Clinic’s Oncology Center, as well as its latest technology and experienced team of doctors it is one of the most modern oncology hospitals in Europe. I think that the energy to be created between us and the hospitals in Bulgaria will have a positive impact on many Macedonian patients.”

About City Clinic

City Clinic, which was established in 2010, is a leading chain of hospitals operating in Sofia, Varna and Burgas. Three hospitals and three outpatient centers are part of City Clinic; one of which is a Joint Commission International accredited hospital. Following the establishment of the new Cancer Center, City Clinic dominates the market for both cardiovascular and malignant diseases in Bulgaria integrating high quality of clinical services with education and research.

About Tokuda Hospital

Tokuda Hospital is the largest private hospital in Bulgaria including a General Hospital with 550 beds, an Outpatient Medical Center, a Clinical Research Center and a Hospice, all located on the same site in Sofia. This hospital was recently accredited by the Joint Commission International. The hospital was established in 2006 as the first private hospital owned by a foreign investor in Bulgaria – having 100% of Japanese investment. The total area of the hospital is 52.000 square meters (including 37 departments and 23 operating theaters), providing a fully integrated treatment in almost all medical specialties.

About Acibadem Healthcare Group

Acibadem Healthcare Group, which was established in 1991, is one of the leading private healthcare groups for diagnosis and treatment in Turkey. Acibadem Healthcare Group has 18 General Hospitals (including one located in Macedonia and one administratively managed in Iraq), 13 medical centers and companies for complementary medical activities. More than 18.000 employees and 3.100 physicians work within the Acibadem Group.

Ever since its establishment, Acibadem has enjoyed a constant growth, making it the most popular and significant name in healthcare services, not only in Turkey but internationally as well. In 2012, Acibadem became a member of the Global IHH (Integrated Healthcare Holdings). IHH manages integrated healthcare activities, enjoying leading market positions in Singapore, Malaysia and Turkey. IHH operates and invests in China (with the exception of Hong Kong, Macao and Taiwan), India, Vietnam, Macedonia, Brunei and the OAE.

[widgetkit id=64]