Medical services provider MedLife’s Board of Directors will start negotiations with local lender BCR for refinancing existing loan facilities and extending the credit line up to a maximum limit of EUR 80 million to finance new acquisitions.
The financing may also come from a consortium of banks.
In March 2016, MedLife and other affiliated companies signed a loan facility agreement with a consortium of local banks led by BCR, which also included BRD, ING, and Raiffeisen. The loan facility financed MedLife’s expansion on the local market through a string of purchases of local competitors.
MedLife is currently the biggest private medical services provider in Romania. The company is listed on the Bucharest Stock Exchange and has a market capitalization of EUR 131 million.