{"id":64400,"date":"2026-04-03T11:56:56","date_gmt":"2026-04-03T11:56:56","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/04\/03\/medical-park-mpark-2025-4-ceyrek-bilanco-degerlendirmesi\/"},"modified":"2026-04-03T11:56:56","modified_gmt":"2026-04-03T11:56:56","slug":"medical-park-mpark-2025-4-ceyrek-bilanco-degerlendirmesi","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/04\/03\/medical-park-mpark-2025-4-ceyrek-bilanco-degerlendirmesi\/","title":{"rendered":"Medical Park (MPARK) 2025 4. \u00e7eyrek bilan\u00e7o de\u011ferlendirmesi"},"content":{"rendered":"<p>Mlp Sa\u011fl\u0131k Hizmetleri A.\u015e. (MPARK) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. <a href=\"https:\/\/rotaborsa.com\/haberler\/bilanco-haberleri\/\">Bilan\u00e7o<\/a> sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1280\" height=\"720\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2026\/03\/mpark98.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-419932\" title=\"2 kurum Ford Otomotiv (FROTO) i\u00e7in hedef fiyatlar\u0131n\u0131 a\u00e7\u0131klad\u0131 6 HABERLER, G\u00fcndemdekiler, \u015eirket Haberleri Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">Mlp Sa\u011fl\u0131k Hizmetleri A.\u015e. hisse haberleri \u2013 MPARK hisse yorumu<\/h2>\n<p>\u0130\u015f Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c<em>Net k\u00e2r piyasa beklentisinin  alt\u0131nda ger\u00e7ekle\u015fti:<\/em> MLP Care 4\u00c725\u2019te TL1.28 milyar net k\u00e2r a\u00e7\u0131klad\u0131 (\u0130\u015f Yat\u0131r\u0131m: TL1.35 milyar; Konsens\u00fcs: TL1.45 milyar). Daha y\u00fcksek amortisman giderleri, artan net finansal giderler ve \u00f6zellikle 2025 y\u0131l\u0131 itibar\u0131yla yasal finansallarda enflasyon muhasebesinin kald\u0131r\u0131lmas\u0131na ba\u011fl\u0131 olarak y\u00fckselen vergi giderlerine ra\u011fmen, g\u00fc\u00e7l\u00fc operasyonel performans sayesinde net k\u00e2r y\u0131ll\u0131k bazda %7 art\u0131\u015f kaydetti. Ayn\u0131 d\u00f6nemde vergi \u00f6ncesi k\u00e2r (PBT) T b\u00fcy\u00fcd\u00fc.<br \/><em>Ciro b\u00fcy\u00fcmesi \u00f6zel sa\u011fl\u0131k sigortas\u0131 segmenti taraf\u0131ndan desteklendi:<\/em> Beklentilere paralel olarak 4\u00c725 gelirleri y\u0131ll\u0131k %4 artarak TL14.16 milyar seviyesine ula\u015ft\u0131. Yurti\u00e7i hastane gelirleri, \u00f6zel sa\u011fl\u0131k sigortas\u0131 segmentindeki .1\u2019lik art\u0131\u015f\u0131n deste\u011fiyle %6.7 b\u00fcy\u00fcd\u00fc. Bu performans; fiyat ayarlamalar\u0131, tamamlay\u0131c\u0131 sa\u011fl\u0131k sigortas\u0131 segmentindeki g\u00fc\u00e7l\u00fc konumlanma ve yeni a\u00e7\u0131lan hastanelerin katk\u0131s\u0131 sayesinde ger\u00e7ekle\u015fti. 2025 y\u0131l\u0131nda T\u00fcrk Tabipleri Birli\u011fi (TTB), Serbest Meslek Katsay\u0131lar\u0131n\u0131 (SMK) Ocak ay\u0131nda  .0, Temmuz ay\u0131nda ise  .5 oran\u0131nda art\u0131rd\u0131. Ayr\u0131ca Aral\u0131k 2025\u2019te .5\u2019lik ek bir art\u0131\u015f a\u00e7\u0131klanarak 1 Ocak 2026 itibar\u0131yla y\u00fcr\u00fcrl\u00fc\u011fe girmesi kararla\u015ft\u0131r\u0131ld\u0131. SGK fiyat tarifesi ise 10 Aral\u0131k 2025 tarihinde yakla\u015f\u0131k 0 art\u0131r\u0131ld\u0131. 2025 y\u0131l\u0131nda MLP Care portf\u00f6y\u00fcne d\u00f6rt yeni hastane ekledi. Buna kar\u015f\u0131n SGK segmenti gelirleri y\u0131ll\u0131k #.8 gerilerken, yabanc\u0131 sa\u011fl\u0131k turizmi (FMT) gelirleri  d\u00fc\u015ft\u00fc. Bu d\u00fc\u015f\u00fc\u015fte hasta giri\u015flerindeki azalma ve yurti\u00e7inde daha g\u00fc\u00e7l\u00fc fiyat art\u0131\u015flar\u0131na k\u0131yasla USD\/TL kurunun g\u00f6rece yatay seyretmesi etkili oldu. Di\u011fer yan faaliyet gelirleri ise (.7 azald\u0131. \u00dcniversite hastanelerinden elde edilen y\u00f6netim dan\u0131\u015fmanl\u0131\u011f\u0131 gelirlerindeki art\u0131\u015fa ra\u011fmen bu gerileme a\u011f\u0131rl\u0131kl\u0131 olarak iadeler ve mutabakat farklar\u0131ndan kaynakland\u0131.<br \/><em>FAV\u00d6K taraf\u0131nda s\u00fcrpriz yok: <\/em>A\u00e7\u0131klanan FAV\u00d6K TL4.42 milyar ile y\u0131ll\u0131k &amp; artarken, FAV\u00d6K marj\u0131 5.5 puan art\u0131\u015fla 1.2\u2019ye y\u00fckseldi. Marj geni\u015flemesinde olumlu hasta ve \u00f6deme yapan kurum karmas\u0131 ile maliyet optimizasyonuna y\u00f6nelik verimlilik \u00e7al\u0131\u015fmalar\u0131 etkili oldu.<br \/><em>Artan yat\u0131r\u0131m harcamalar\u0131 nedeniyle negatif serbest nakit ak\u0131\u015f\u0131:<\/em> Faaliyetlerden nakit ak\u0131\u015f\u0131 2025\u2019te y\u0131ll\u0131k %3.9 d\u00fc\u015f\u00fc\u015fle TL10.2 milyara geriledi. Bu d\u00fc\u015f\u00fc\u015fte daha y\u00fcksek i\u015fletme sermayesi ihtiyac\u0131, kira y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc \u00f6demeleri ve artan kurumlar vergisi \u00f6demeleri etkili oldu. Faaliyet nakit ak\u0131\u015f\u0131\/FAV\u00d6K oran\u0131 f.5 olarak ger\u00e7ekle\u015fti. Yat\u0131r\u0131m harcamalar\u0131\/sat\u0131\u015f oran\u0131 2025\u2019te  .4\u2019e y\u00fckseldi (2024: %8.9). Bu art\u0131\u015f a\u011f\u0131rl\u0131kl\u0131 olarak b\u00fcy\u00fcme yat\u0131r\u0131mlar\u0131ndan kaynakland\u0131. Bak\u0131m yat\u0131r\u0131mlar\u0131 sat\u0131\u015flar\u0131n %4.6\u2019s\u0131n\u0131, yeni ve sat\u0131n al\u0131nan hastanelere y\u00f6nelik yat\u0131r\u0131mlar ise .9\u2019unu olu\u015fturdu. Bu harcamalara lisans ve arsa al\u0131m maliyetleri de dahildir. Sonu\u00e7 olarak serbest nakit ak\u0131\u015f\u0131 2025\u2019te TL1.3 milyar negatif ger\u00e7ekle\u015fti. Buna ba\u011fl\u0131 olarak Net Bor\u00e7\/FAV\u00d6K oran\u0131 2024 y\u0131l sonundaki 0.5x seviyesinden 2025 sonunda 0.8x\u2019e y\u00fckseldi.<br \/><em>Yorum:<\/em> G\u00fc\u00e7l\u00fc FAV\u00d6K performans\u0131n\u0131 olumlu de\u011ferlendiriyoruz. Ancak serbest nakit ak\u0131\u015f\u0131ndaki ge\u00e7ici bask\u0131 ve beklentinin alt\u0131nda kalan net k\u00e2r, piyasa tepkisini s\u0131n\u0131rlayabilir.\u201d<\/p>\n<p><em><strong>Kaynak: <\/strong>\u0130\u015f Yat\u0131r\u0131m Ara\u015ft\u0131rma<\/em><\/p>\n<div class=\"kanews-banner kanews-banner-single\">\n<div style=\"min-height:280px\" data-empower-zone=\"159899\" class=\"empower-ad\"><\/div>\n<\/div>\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\" style=\"font-size:10px\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<ul class=\"wp-block-social-links aligncenter has-huge-icon-size has-visible-labels has-icon-color is-style-default is-horizontal is-content-justification-center is-layout-flex wp-container-core-social-links-is-layout-499968f5 wp-block-social-links-is-layout-flex\">\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-whatsapp has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa WhatsApp kanal\u0131na kat\u0131l\u0131n!<\/span><\/a><\/li>\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-telegram has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/rotaborsa_halkaarz\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa Telegram kanal\u0131na kat\u0131l\u0131n!<\/span><\/a><\/li>\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-x has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rotaborsa\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa Twitter hesab\u0131n\u0131 takip edin!<\/span><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em><em><em><em><em><em><em><em><em><em><em><strong>\u0130\u015f Yat\u0131r\u0131m yasal uyar\u0131s\u0131:<\/strong> Burada yer alan bilgiler \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. taraf\u0131ndan bilgilendirme amac\u0131 ile haz\u0131rlanm\u0131\u015ft\u0131r. Yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda de\u011fildir. Yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti; arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Herhangi bir yat\u0131r\u0131m arac\u0131n\u0131n al\u0131m-sat\u0131m \u00f6nerisi ya da getiri vaadi olarak yorumlanmamal\u0131d\u0131r. Bu g\u00f6r\u00fc\u015fler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir. Burada yer alan fiyatlar, veriler ve bilgilerin tam ve do\u011fru oldu\u011fu garanti edilemez; i\u00e7erik, haber verilmeksizin de\u011fi\u015ftirilebilir. T\u00fcm veriler, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. taraf\u0131ndan g\u00fcvenilir oldu\u011funa inan\u0131lan kaynaklardan al\u0131nm\u0131\u015ft\u0131r. Bu kaynaklar\u0131n kullan\u0131lmas\u0131 nedeni ile ortaya \u00e7\u0131kabilecek hatalardan \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. sorumlu de\u011fildir. <\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><br \/><em><strong>Rota Borsa yasal uyar\u0131s\u0131:<\/strong> Burada yer alan yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda de\u011fildir. Yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti, arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Bu g\u00f6r\u00fc\u015fler, mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle sadece burada yer alan bilgilere dayan\u0131larak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir.<\/em><\/p>\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-rota-borsa wp-block-embed-rota-borsa\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"7prpxFEoF1\"><p><a href=\"https:\/\/rotaborsa.com\/bir-sirketten-yuzde-638338-oraninda-bedelsiz-sermaye-artirimi-karari-2\/\">Bir \u015firketten y\u00fczde 638,338 oran\u0131nda bedelsiz sermaye art\u0131r\u0131m\u0131 karar\u0131<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Mlp Sa\u011fl\u0131k Hizmetleri A.\u015e. (MPARK) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, \u0130\u015f Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Mlp Sa\u011fl\u0131k Hizmetleri A.\u015e. hisse haberleri \u2013 MPARK hisse yorumu \u0130\u015f Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201cNet k\u00e2r piyasa beklentisinin alt\u0131nda ger\u00e7ekle\u015fti: MLP Care 4\u00c725\u2019te TL1.28 milyar net k\u00e2r a\u00e7\u0131klad\u0131 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":64401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilanco-haberleri"],"_links":{"self":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/64400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/comments?post=64400"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/64400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/64401"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=64400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=64400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=64400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}