The group of banks is coordinated by Banca Comerciala Romana and includes ING Bank, Raiffeisen Bank and BRD-Groupe Societe Generale.
According to the company’s representatives, EUR20 million from the contracted funds are exclusively dedicated to the acquisition projects planned for the upcoming period, to extend MedLife operations at national level.
The acquisitions budget will be supplemented by minimum EUR5 million from Medlife’s own funds.
In 2010, MedLife carried out the first acquisition of a local operator, when it bought 80% in the group Policlinica de Diagnostic Rapid in Brasov. The acquisition topped EUR3 million and is the largest operation for the purchase of a local medical services provider in Romania by another local medical services operator.
Since 2010, MedLife carried out 9 transactions involving the takeover of a local operator, with six of them being announced in the last 12 months.
MedLife will also continue to extend its operations through Greenfield projects. Thus, the company plans to extend its clinics network by two units and the hospitals network by one unit, in Romanian cities with over 200,000 inhabitants.
The company will also continue to invest in new technologies for the exiting units.
MedLife has been operating on the Romanian market since 1996 and currently has 16 clinics, 23 laboratories, ten hospitals, 32 GP medical centers, 14 centers of excellence, eight PharmaLife Med drugstores and partnerships with 140 medical clinics across the country.