Company to invest 4.7 bln euros in six huge hospital projects in Turkey by 2020

ISTANBUL

Rönesans Holding’s health investments unit will invest 4.7 billion euros in six huge hospital projects in Turkey in line with the public and private partnership (PPP) model, said the unit’s CEO during a summit on April 27. 

“We will build a total of 3.2 million square meters [within the projects]... We have been the largest player in the sector with our six projects, which will have a bed capacity of 9,500,” said company chief Kaan Ekermen in a follow-up press release. 

PPPs have been a major financing method for implementing public service projects in many sectors including transport, health, energy and agriculture. 

Rönesans now has five hospital complex projects in the southern province of Adana, the Central Anatolian province of Yozgat, the eastern province of Elazığ, the northwestern province of Bursa and the İkitelli district of Istanbul. The company has also run a physical therapy and rehabilitation, psychiatry and forensic psychiatry hospitals project, which will be made in a total of seven provinces across Turkey, including Istanbul. 

Ekemen said the hospital project in Yozgat was planned to be completed this year. A financing deal for the Elazığ hospital was also planned to be made this year, following similar deals for the projects in Bursa and ikitelli.