Romanian healthcare group MedLife completes Polisano clinics acquisition

MedLife, the biggest private healthcare services group in Romania, has completed the acquisition of the Polisano medical services division, a top ten player on this market. The deal has also received the Competition Council’s approval. “We are very glad to announce the completion of this transaction, as one of the most significant consolidation initiatives on the Romanian medical services market so far. From this moment on, Medlife becomes the uncontested leader also in the Transylvania region, with sales exceeding EUR 60 million only in this geographical area, and successfully finalizes one of the most relevant and complex transaction in the Romanian medical services market,” said Mihai Marcu, MedLife President and CEO. The new structure that MedLife will have in Transylvania consists in 5 mono and multidisciplinary hospitals, 7 test laboratories, 8 large clinics integrating state-of-the-art medical imaging departments, 2 maternity clinics and one center for in vitro fertilization. The Polisano medical services division, which includes the Polisano European Hospital in Sibiu, one of the most modern in Romania, had more than 500 employees and a turnover of some EUR 17.5 million in 2016. MedLife, which has completed 19 acquisitions in the last 8 years, is the biggest private medical services group on the local market, with a turnover of almost EUR 140 million in 2017, up by 27% over 2016. The group targets a 20% increase in business this year. MedLife is listed on the Bucharest Stock Exchange and has a market capitalization of EUR 157 million. Romanian healthcare operator MedLife buys Bucharest medical center editor@romania-insider.com