Antares Clinic has been operating in the private medical services market since 2006 and offers patients a wide range of services, from multidisciplinary consultations in over 25 medical specialties and laboratory services to complex imaging investigations. The group includes three large outpatient units located in the cities of Piatra Neamt, Botosani, and Onesti, all equipped with advanced imaging equipment, as well as two laboratories located in Piatra Neamt and Botosani.
According to company representatives, the unit recorded a turnover of RON18.3 million in 2023.
“With this acquisition, we are consolidating our position in the region of Moldavia, an area of strategic interest for us. We began contributing to the development of this market back in 2014 with the inauguration of a large clinic in the city of Iasi. We subsequently expanded our services to include outpatient care, laboratory services, and day hospitalization, offering integrated medical services to both subscribers and fee-for-service patients. With this transaction, we will extend diagnostic facilities for patients in the northeast of the country and beyond. We have the largest network of our own medical units nationwide, already present in all cities with over 150,000 inhabitants. We are proud to reaffirm to our investors and shareholders that we have kept our promise to become an alternative private medical system for diagnosis and treatment with a national medical infrastructure. We will continue to strengthen our position and hope to announce further acquisitions by the end of the year”, said Mihai Marcu, President and CEO of MedLife Group.
“We have been active in this market for nearly two decades and have constantly sought to improve the range of investigations, providing quality services to patients. For us, the partnership with MedLife represents an important step in the company’s evolution. We are pleased to join the market-leading group, thereby aligning with high-quality standards and benefiting from its medical and management experience and expertise. Moreover, despite the complete acquisition of the company, the management remains intact. I am honored to continue alongside the team and contribute further to the development of this business within the MedLife Group. We have ambitious plans for expanding into nearby cities”, stated dr. Dorel Cosma, specialist in medical imaging radiology and founder of Antares Clinic.
Currently, MedLife is the operator with the largest portfolio of acquisitions on the Romanian medical market having, at the same time, the greatest know-how regarding the integration of an entrepreneurial business developed by Romanian doctors, as well as its scaling at regional, or even national level. The company announced in March this year, the increase of its syndicated credit by EUR50 million, bringing it to a total of EUR268.3 million, with the new funds primarily earmarked for acquisitions.
MedLife Group ended 2023 with a pro forma turnover of EUR 453 million, an increase of 25% compared to 2022.