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Turkish Medtechs Up In Arms Over Partial Write-Off Of $2Bn+ Hospital Debt

Executive Summary

Unpaid hospital debts have been hitting the Turkish medical sector for some time, but a government plan to repay less than the full amount owed has angered industry.

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A Bright Moment At Last In Turkish Medtech Debt Payments Saga

Turkish medtechs’ demands for payment of their outstanding hospital debts went unheeded in 2021, but the government has finally started a payment process. It is not evenly applied, and has started in a small way, but the industry feels encouraged on more than one count.

Turkish Health System Slides Into Crisis After Devaluation Of Lira

Amid delays in surgical operations caused by shortages of equipment and medtech companies demanding payment of outstanding hospital debts, a strong devaluation of the Turkish lira has put the local health care system on a crisis footing.

Health Care Policy Failings Are Eroding Medtechs’ Confidence In The Turkish Market

Late payment of hospital debts continues to haunt the Turkish medtech industry, which recently led a public demonstration in Ankara to focus the government’s attention on the issue. Medtech multinationals fear that the ongoing problems will mean Turkey losing the positive momentum it achieved during the pandemic.

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