Gulf Capital, the private equity firm based out of Abu Dhabi announced last Wednesday that one of its portfolio companies has purchased a 75% stake in a diagnostic imaging services company. The portfolio company is Techno Group Investment Holdings and the diagnostic imaging services firm is Turkish outsourcing firm Dogu Tip.
Dogu Tip and its thirty four diagnostic imaging centers located throughout the Gulf region would become part of the service offering of Techno Group. This is part of the continued increase in transactions related to healthcare related business and private equity firms. As Turkey continues on its upward increase in population expected to reach 75 million in the next few years, the business opportunities rise alongside it.
Government has helped foster private investments in the country through the passage of new regulations aimed to unblock possible billions of dollars in investments in Turkey's healthcare system in the next few years.
Gulf Capital currently has a portfolio worth US$2 billion assets and plans are underway to double its assets under its wing by 2018.
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