Private healthcare provider buys Eastern Romania clinic network

Private healthcare provider Medicover has acquired the Iowemed medical network in Constanta county, in Eastern Romania, for an undisclosed sum. The Iowemed network is made up of five medical centers, of which two in Constanta city. This adds to the existing national network of 25 Medicover clinics. Iowemed has a team of over 150 doctors and nurses. Its network offers over 30 medical specialties for both individual patients and corporate employees. The clinic also provides Maritime Medicine services, for those who need specific medical certifications for seafaring activities. Future plans include the expansion of the team and the range of healthcare services offered locally. Medicover Romania has been present on the private healthcare services market for over 21 years. Its network of clinics covers Bucharest, Timisoara, Cluj-Napoca, Constanta, Iasi, Ploiesti, Brasov, Galati, Pitesti, Navodari, and Eforie Nord. It also has a general hospital in Bucharest. “We always look for partners who share our values when it comes to patient care, and we can say with confidence that Iowemed will help us bring the Medicover healthcare standards closer to even more patients in Constanta county, a very important region for us,” said Adrian Peake, General Manager of Medicover Romania. “We are now joining a prestigious international healthcare company such as Medicover, and we are confident that this step will provide our existing patients with many more treatment and care opportunities, including premium hospitalization in Bucharest,” said dr. Ionica Ciortan, co-owner of Iowemed. Medicover’s consolidated business in Romania amounted to EUR 57 million in 2015, up 13% over the previous year. editor@romania-insider.com