PineBridge Acquires a 50 Percent Stake in Physical Therapy Chain Romatem (CEE and CIS)

Source: PineBridge Investments

Global asset manager PineBridge Investments Middle East has acquired a 50 percent stake in Turkey-based physical therapy and rehabilitation services chain Romatem. The company operates a network of four facilities and intends to use the new investment to establish additional hospitals and clinics across Turkey, as well as for international expansion. Financial details of the transaction were not disclosed.