Romanian healthcare group MedLife completes takeover of Hungarian medical services company

Romania's biggest private medical services operator, MedLife, has completed the acquisition of a 51% stake in Rozsakert Medical Center in Hungary, the company said in a report released to the Bucharest Stock Exchange.

Rozsakert Medical Center (RMC) is among the top 10 private healthcare services providers in Hungary. The company has a multidisciplinary clinic that includes a section equipped with a small surgery room and a dental center. According to the company's representatives, more than 40,000 patients use the clinic's services every year.

The group of companies brings together a team of over 250 doctors and nurses. In 2017, the company recorded a turnover of EUR 4.2 million , according to RMC leadership.

“We concluded the first transaction in Hungary and our strategy for expanding across borders continues. We intend to accelerate growth, so in the coming months we want to expand with two more medical units in Hungary following greenfield investments, but not we exclude the possibility of a new acquisition,” said Mihai Marcu, CEO and president of MedLife Group.

(Photo source: Medlife)