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BASEAK Advises Founding Shareholder of Grup Florence Nightingale Hastaneleri on Buy-Back of Shares

BASEAK Advises Founding Shareholder of Grup Florence Nightingale Hastaneleri on Buy-Back of Shares

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Balcioglu Selcuk Akman Keki Attorney Partnership is representing the founding shareholder of Grup Florence Nightingale Hastaneleri A.S. with respect to the buy-back of 50 percent of the shares of the company from Fiba Health Investments Inc., which had invested in the group back in 2014.

Florence Nightingale Hastaneleri Holding A.S. is controlled by Turk Kardiyoloji Vakfi (the Turkish Cardiology Foundation). According to BASEAK, "the target group consisted of eight companies, owning and operating five hospitals and two medical centers in Istanbul. The competition clearance required for the transaction was obtained."

The BASEAK team consisted of Senior Partner Galip Selcuk, Counsel Tulu Harsa, and Associate Bike Aybeniz Aksoy.

BASEAK did not reply to an inquiry about counsel for the sellers on the deal.