MLP Saglik Hizmetleri AS
IST:MPARK.E

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MLP Saglik Hizmetleri AS Logo
MLP Saglik Hizmetleri AS
IST:MPARK.E
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Price: 368.5 TRY 2.15%
Market Cap: 70.4B TRY

MLP Saglik Hizmetleri AS
Investor Relations

MLP Saglik Hizmetleri AS, commonly known as MLP Care, stands as a prominent player in Turkey's healthcare sector, weaving a narrative of growth and resilience in an ever-evolving industry. Founded in 1993 and headquartered in Istanbul, the company operates one of the largest private hospital networks in Turkey. Offering a comprehensive range of medical services, MLP Care's business model integrates a wide array of medical specialties into its network, from basic outpatient treatments to more complex surgical procedures. The company is adept at navigating the intricate logistics of healthcare provision, ensuring that its facilities, including the flagship Memorial hospitals, are equipped with cutting-edge technology and staffed by a skilled medical workforce.

MLP Care generates revenue through its strategic blend of patient services and partnerships with insurance providers, making healthcare accessible without compromising on quality. Its hospitals serve both local patients and international clientele, tapping into the medical tourism market that Turkey is increasingly known for. By positioning itself as a trusted healthcare provider, the company capitalizes on the growing demand for private medical care amidst a backdrop of under-resourced public health services. Additionally, MLP Care leverages economies of scale and operational efficiencies within its extensive network, ensuring profitability while enhancing patient care. The narrative of MLP Saglik Hizmetleri AS is not just about healthcare provision; it is about sustainable growth and strategic positioning in a competitive landscape.

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Last Earnings Call
Fiscal Period
Q1 2020
Call Date
May 28, 2020
AI Summary
Q1 2020

Revenue Growth: MLP Care's Q1 2020 revenue increased by 5%, despite the impact of COVID-19 in March.

EBITDA Resilience: Adjusted EBITDA grew by 2% in Q1, even as the company began implementing cost controls late in the quarter.

COVID-19 Impact: Revenues declined sharply in late March and April due to the pandemic, but rebounded by 25% in May as restrictions eased.

Cost Control: Aggressive cost management, including government incentives and rent discounts, helped mitigate revenue declines.

Liquidity Actions: The company secured a long-term TL 330 million loan with favorable rates and postponed non-essential CapEx to preserve liquidity.

Guidance Status: Management is reassessing 2020 guidance, with June results expected to provide more visibility.

Medical Tourism: Medical tourism was hit in March but is expected to recover, with the Ministry of Health allowing its resumption from June 20.

Key Financials
Net Debt
EUR 85 million
Operating Cash Flow
TL 200 million
Operating Cash Flow to EBITDA Ratio
Almost 90% in Q1 2020
Net Debt to EBITDA
2.6x
Number of Hospitals
30
Number of ICU Beds
2,500
Other Earnings Calls
2020
2019
2018

Management

Dr. Muharrem Usta
CEO & Chairman
No Bio Available
Dr. Adem Elbasi
Founder & Chief Operations Coordinator
No Bio Available
Ms. Nurgul Durustkan Elbasi
Founder
No Bio Available
Ms. Burcu Öztürk
Chief Financial Officer
No Bio Available
Dr. Deniz Can Yucel
Strategy & Investor Relations Director
No Bio Available
Serafettin Demiray
Chief Human Resources Coordinator
No Bio Available
Dr. Hikmet Cavus
Chief Strategy & Performance Coordinator
No Bio Available

Contacts

Address
Istanbul
Otakcilar Cd. Flatofis Istanbul No:78 Kat:3 D Blok No:103 Eyup
Contacts