Clinica de diagnostic Phoenix, the company that sold the four centers, posted 8.5 million lei (EUR1.9 million) revenue in 2014, up 14% on 2013, while net profit stood at RON1.5 million.

The business was established in Bucharest in 2006, when the first clinic opened, and then expanded to Cluj-Napoca, Piatra Neamt, Deva and Medias.

The five entrepreneurs sold the clinics in Cluj-Napoca, Piatra Neamt, Deva and Medias to the local subsidiary of the Affidea group registered in The Netherlands. Phoenix kept the imaging center in Bucharest.

The deal took Affidea’s network to 18 centers, and plans are to add one more, as previously stated.

“The Phoenix centers were a target for our local development. The acquisition of the four Phoenix diagnostics centers will allow Affidea to provide medical services in new areas of interest for our company (…),” said Radu Gorduza, chief executive officer of Affidea Romania.

The company has expanded into a number of cities in the country so far, such as Bucharest, Constanta, Medgidia, Mangalia, Focsani, Iasi, Ramnicu Valcea, Slatina and Cluj.

(English version by Loredana Fratila-Cristescu)