The investment comes less than eight months since the acquisition of a clinic in Romania’s north-eastern city of Iasi, in a deal worth EUR700,000. The move is part of the Group’s plan to expand into Romania’s main cities.
Cronos Med is the first private clinic of medical aesthetics in Romania and in the Eastern Europe region. The business was created in 1991, in the town of Bacau, by surgeon Constantin Stan. Cronos Med now has clinics in Bucharest, Bacau, Iasi and Brasov.
In November 2021, private equity fund Morphosis Capital, established by four Romanian executives, acquired the majority stake in Cronos Med.
Cronos Med is positioned on the premium segment of the plastic and aesthetic surgery market.