Contacted by ZF, Medicover officials did not provide any comment on the information, while Romgermed denied it, saying no such talks had been conducted so far.
“We would like to inform you that no talks about the takeover of the Romgermed clinics by Medicover have been conducted so far,” Ciprian Nicoara, general manager of Medical Group Romgermed, told ZF.
Medicover’s chief operating officer John Stubbington told ZF a few months ago that the group would undoubtedly make acquisitions at a certain stage and wanted to expand at a rate of three clinics a year over the coming period.
Medicover owns 16 clinics in Romania, a general hospital and 15 labs (branded as Synevo) and posted more than 200 million lei (EUR45 million) revenue last year. Romgermed is a smaller rival in the industry, mainly known for its 20-lab network.
The almost EUR1 billion private medical service market is expecting major deals in the coming months, which include the leading providers MedLife and Regina Maria, as well.
(English version by Loredana Fratila-Cristescu)