MegaProject 528: Ronesans holding acquires Istanbul Ikitelli hospital PPP in Turkey
- Renaissance Holdings - Construction - Heatlhcare Investment
- Ronesans Holding
Related M&A Transactions
This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
Renaissance Healthcare Investment and Rönesans Holding A.Åž. have acquired the Istanbul Ikitelli Integrated Health Campus in Turkey.
The deal has been closed after the winning consortium, composed by Allen Shariff Corporation, Forcimsa Empresa Constructora, and Emsa? ?n?aat, could not close financing for the project. The consortium was awarded the project on 15 March 2012.
The public-private partnership (PPP) project involves the design, construction, financing and operation of the health campus, as well as the supply of facilities and equipment. The health campus with an investment period of 3 years and operation period of 25 years is stipulated to serve 100.000 visitors per day with its 10.000 employees.
The new 2682-bed hospital will be constructed on a building plot of approximately 800.000 m². The integrated campus will be made up of :
- General Hospital: 443 beds
- Pediatrics: 451 beds
- Oncolog:y 359 beds
- Gynecology: 451 beds
- Neurology and Orthopedics: 347 beds
- KVC: 303 beds
- Psychiatry: 128 beds
- FTR: 200 beds
The campus will consist of two pieces of lands separated by a road. The northern part of the project area will include 6 hospital buildings, a diagnostic and treatment block, one central plant, an administration area and a conference hall. This part will also include a ceremonial square and a trigeneration unit building. The Southern part of the project area will consist of Psychiatric Hospital and Physical Theraphy and Rehabilitation Hospital.
The total project investment is estimated at US$511 million.
In September 2013, Mott MacDonald had been appointed as lenders' technical and environmental advisor. Mott MacDonald was supposed to provide construction and operational monitoring services on the project as well.
See below a sample of the PPP health projects currently under development in Turkey:
- Ankara Etlik Health Campus
- Bilkent Integrated Healthcare Campus
- Adana PPP Integrated Health Campus
- Eski?ehir City Hospital
- Mersin PPP Integrated Health Campus