Turkey-based MLP Care Services, the operator of the Medical Park and Liv Hospital networks, has raised TRY1.4 billion (approximately US$366 million) in an IPO on Borsa Istanbul valuing the company at TRY4 billion (approximately US$1 billion). MLP sold 73 million shares at TRY19 (approximately US$5) per share, reportedly facilitating an exit for Turkey-focused private equity fund manager Turkven, which originally invested in the company in 2011. Singaporean sovereign wealth fund Temasek acquired a 15.7 percent stake in MLP through the offering.