This is Medicover’s third acquisition in the past six months.
“This acquisition marks an important step for Medicover, contributing to increasing our presence in the southwestern area of Romania. We will continue our growth strategy, organically and via acquisitions,” said Adrian Peake, general manager of Medicover Romania.
Phoenix medical Center is a private healthcare operator that owns eight medical centers in Craiova, Targu Jiu, Slatina, Calafat, and Dragasani.
Medicover reported a turnover of EUR42 million in Romania in the first half of 2018, 17% higher than in the same period last year. The group operates Medicover clinics and hospitals and the laboratory division Synevo.
Synevo opened opened 14 new centers in Romania in the first half of the year.
This year, Medicover Romania acquired the Pelican hospital in Oradea and the Academica Medical Center in Bucharest. The Pelican hospital transaction is pending approval by the Romanian Competition Council and is expected to close in the third quarter.
Medicover is the third largest private healthcare services provider in Romania, after MedLife and Regina Maria. The private healthcare service market in Romania is estimated at around RON7 billion.