MedLife takes EUR 40 mln loan to build new hospitals and clinics in Romania

Romanian private healthcare operator MedLife has recently received a EUR 40 mln financing package from the International Finance Corporation (IFC) Erste Group and its subsidiary BCR. This will fuel an investment program which, together with the company's owns funds, will exceed EUR 50 million by 2015. MedLife wants to open news units in Bucharest and across the country. The operator wants to reach 10 hyperclinics, 6 large hospitals, 10 labs and 12 pharmacies at the end of this investment program. MedLife is owned by the Marcu family, with the International Finance Corporation (IFC) being a minority shareholder, with 12.7 percent of the shares and SGAM Eastern Europe investment fund, with 36.25 percent of the shares. MedLife has recently opened a pediatric hospital in Bucharest, following an investment of EUR 13.5 million. The new hospital, on 5,200 sqm, has a total capacity of 132 beds and can cater to around 400 patients a month. It is close to the Aurel Vialcu metro station, in the Chinese Embassy area of Bucharest. editor@romania-insider.com (photo source: MedLife)