MedLife starts the year with new acquisitions in Romania

MedLife, the leader of the private healthcare sector in Romania, will expand its activity to the Dambovita and Ilfov counties after acquiring an 80% stake in medical service provider Almina SRL, which has eight medical centers in the area. With 20 years of activity, Almina is the largest private healthcare operator in Dambovita, with five medical centers in Targoviste, two in Pucioasa, and one in Buftea. It also owns two laboratories in Targoviste and Buftea. In the first nine months of last year, the company recorded a turnover of EUR 1.3 million. This is MedLife’s 14th acquisition on the local private healtcare services market. The company plans to keep growing through new acquisitions, said Mihai Marcu, MedLife president and CEO. The last four takeovers took place in less than one year. The Panduri Medical Center was the latest acquisition. MedLife currently runs 83 medical units, including private clinics, hospitals, and test labs. The company listed its shares on the Bucharest Stock Exchange, following a EUR 51 million initial public offering (IPO), in December 2016. Charlemagne Capital and Allianz, biggest investors in Romanian MedLife’s IPO editor@romania-insider.com