GE Healthcare, GAMA Holding A.S. and Turkerler Holding Sign Collaboration Agreement for the Development of Ministry of Health PPPs in Turkey.

Supporting Turkey’s healthcare transformation agenda via public-private partnerships (PPPs), GE Healthcare, GAMA Holding A.S. and Turkerler Holding have signed a binding Memorandum of Understanding (MoU) for the development of two strategic Turkish Ministry of Health PPPs; the Kocaeli Health Campus Project and Izmir Bayrakli Health Campus Project.

The MoU represents an important step for the GAMA and Turkerler consortium – who were awarded the design, construction, financing, operation and maintenance of the PPP projects by the Ministry of Health in 2012 – towards successful execution of the project.

In line with GE’s commitment to support the development of a progressive Turkish healthcare system, this agreement provides a strategic framework for further negotiation between GE and the GAMA and Turkerler consortium for GE to become a shareholder in the projects, as well as to contribute to the PPP Projects.

Hakan Özman, Deputy Chairman and CEO of GAMA Holding A.S.
“Significant progress has been made in delivering on the Ministry of Health’s vision for the development of public-private partnerships that will improve capacity and quality of care in the public healthcare sector. As a Company committed to the development of Turkey across multiple sectors, this MoU with GE Healthcare marks a critical first step in the structuring of this multi-partner agreement as we strive to deliver on the Kocaeli Health Campus and Izmir Bayrakli Health Campus PPP Projects.”

Kazım Türker, Chairman of Turkerler
“The Ministry of Health has set clear goals for the delivery of the GAMA and Turkerler consortium for the Kocaeli and Izmir Bayrakli projects. General Electric offers a broad portfolio of technologies and capabilities and with a track-record of healthcare PPPs around the world, we are pleased to be in active and ongoing discussion to secure GE’s long-term participation as an equity investor and technology provider in realizing the Ministry of Health’s vision on these strategic PPPs.”

Canan Ozsoy, President & CEO, GE Turkey
“As part of its investment commitment, GE is proud to have entered into a number of strategic partnerships with Turkish entities and businesses aimed at supporting the goals outlined in Hedef 2023. The development of a buoyant and patient-centered healthcare system is a key pillar of this transformation strategy and we are pleased to have reached this critical milestone with the GAMA and Turkerler consortium in line with our long-term focus on developing public-private partnerships to drive sustainable healthcare transformation in Turkey.”

Skander Malcolm, President & CEO, GE Healthcare Eastern & Africa Growth Markets
“In line with GE’s focus on driving the expansion of a sustainable Turkish healthcare system, we are pleased to have reached a Memorandum of Understanding with GAMA and Turkerler, leaders in complex infrastructure development, in supporting the Ministry of Health’s PPP program.Strategic collaboration between the private and public sectors is essential to ensuring the long-term success of the PPPs. To that end, GE is localizing its global expertise and capabilities in technology, services and solutions offerings, asset management and financial solutions to boost healthcare sector efficiencies, knowledge and technology sharing.

Further, reflecting the evolving healthcare needs of customers in the emerging markets, GE Healthcare’s 84-country Eastern and Africa Growth Markets (EAGM) region covering Turkey and the Middle East, Africa and Russia & CIS, was established in 2008, building on a heritage of more than 25 years of GE Healthcare in Turkey. Headquartered in Istanbul, EAGM’s focus in the region is to drive growth by partnering with customers to create solutions for better health system and patient outcomes.”