The announcement comes five months after the new partnership was finalized.
As a result of this transaction, the management of Nord Group will maintain its full independence and responsibilities, and will continue its consolidation and expansion plans based on a common national development strategy, as per a stock market report.
“Our top priority is to retain the founders in the future development of the business. MedLife has not only completed the most acquisitions of partial or full ownership of medical companies but has also become the leading medical group in Romania, thanks to a strong community of Romanian entrepreneurs and in collaboration with Romanian doctors, management, and local resources. Our focus is on providing not only high-quality and excellent medical care but also ensuring the patient’s well-being”, stated Dorin Preda, Executive Director of MedLife Group.
In the 11 years of activity in the private medical services market, Nord Group has been particularly notable in Bucharest, where it is present through a multidisciplinary hospital, 5 clinics, two imaging centers equipped with modern and high-performance equipment, a laboratory for processing a wide range of medical analyses and tests, as well as the only pain therapy training center in Central and Eastern Europe.
At the end of 2022, Nord Group expanded beyond the capital, opening a multidisciplinary clinic worth 2.5 million euros in Suceava, which includes an integrated Pain Therapy Center and an integrated Breast Center.
Nord Group plans to launch a new private medical hospital in Bucharest in the coming months.
In 2022, MedLife recorded a consolidated pro-forma turnover of RON2 billion, up 41% comparing to 2021, thus becoming the first private operator in Romania to exceed the threshold of EUR400 million turnover.