PricewaterhouseCoopers (PwC) released its Healthcare Deals report on M&A activity within the Turkish healthcare market in 2009 yesterday. According to the report, between the years of 2007 and 2009, 13 significant deals took place in the healthcare industry, with a total declared deal value exceeding $850 million. PwC attributed this activity to the significant opportunities in healthcare services in the country, stemming from “its growing and ageing population as well as a gradually rising income per capita.”
According to the report more than 66 percent of the executives of potential investors and vendors active in the healthcare industry surveyed indicated that they expected to engage in M&A activity or a sale of shares in the next year, while 17 percent said they had plans for such activity within the next 12 to 24 months. A majority of participants had expected both the level of deal activity and value to decline in 2009, while the post-2009 period was projected to be more active in terms of the level of deal activity as well as an increase in deal values. Furthermore, the survey showed that the majority of participants were interested in engaging in acquisition in İstanbul and other major cities such as Ankara and İzmir.
