The transaction marks a strong consolidation in the western part of Romania and aims to transform Timisoara into one of the strongest regional health hubs in the next two-three years.
Medici’s clinics have a history of 25 years in Timisoara and have experienced a constant and solid development, which continues today through the construction of a multidisciplinary hospital. It will have a total area of 5,500 sqm and consists of two twin buildings. The construction of the first building is completed, and at the moment the interior design works are in progress. The first tower will have in the structure – pharmacy, large imaging (CT and MRI), operating rooms, ATI, pre and post operating rooms and will be operational from December 2022. The second building has a deadline of 2024. At the time of completion, it would become the largest private hospital in Timisoara.
Medici’s is an internationally recognized healthcare standard maker and valued by over 100,000 patients annually. It has over 40,000 permanent subscribers, 4 clinics and 40 own consulting offices, a medical imaging laboratory, a laboratory analysis platform and over 200 own doctors and collaborators. The investments amount to over EUR15 million euros in the 25 years, and the turnover registered last year is of RON20.3 million, up 40% compared to 2020.
According to MedLife representatives, once the acquisition is completed, the current management team will fully retain its responsibilities.
“In terms of expanding and providing top-notch medical services, Medici’s plans have reached the same fertile ground as MedLife’s. There was from the beginning a congruence of our business lines, of the vision of expansion and transformation of the western area. There is significant potential in the area and through the partnership with MedLife we will become a gateway for millions of people who want complex and quality medical services”, mentioned Dr. Adrian Badescu, founder and CEO of Medici’s.
“Medici’s is becoming a strategic partner with a well-defined role in MedLife Group. Together we aim to position and transform the western region into a successful medical hub. Hospitals are a central point in MedLife’s long-term strategy, and we aim to make a significant contribution to their development. On the one hand we have an aging population, complex pathologies, and on the other hand we also notice the change of mentality of the patients who access more frequently the integrated, personalized medical services with a high degree of complexity. With the inauguration of Medici’s Hospital, we will have a network of 16 hospitals nationwide,”said Dorin Preda, Executive Director of MedLife Group.
MedLife’s acquisition involves taking over the four Medici’s clinics, Laborix’s lab and Medici’s Hospital. At this time, this transaction is subject to the approval of the Competition Council.
After the completion of the transaction, MedLife will have five clinics, two laboratories, one large multidisciplinary hospital and one stem cell laboratory in Timisoara.