MedLife increased by 10% its shareholding in Genesys, one of the largest private medical services providers in western Romania, thus reaching a stake of 83%. Genesys has been part of MedLife System since 2011, when representatives announced the acquisition of 55% of its shares.
MedLife also announced the acquisition of additional 10% shares in Almina, reaching a stake of 90%. In 2017, MedLife acquired a majority stake of 80% in Almina Trading S.R.L., a company consisting of eight medical centers and two laboratories, located in Dâmbovița and Ilfov counties.
The additional shares of Genesys and Almina subsidiaries were acquired by Medlife as a result of an exchange with MedLife treasury shares repurchased under the Company’s share buy-back program in accordance with the decision of the extraordinary general meeting of shareholders no. 2 of September 29, 2021.
MedLife Medical System started almost three decades ago, has grown sustainably and has become the largest private medical services provider in Romania. The Romanian entrepreneurs, who founded this company, invested and got involved to bring change in the Romanian health system, believed in innovation and dared to aim as high as possible, in order to offer Romanian patients quality, professionalism, care and respect for their needs.
The company operates the largest network of clinics, one of the largest networks of medical laboratories, general and specialized hospitals and has the largest corporate customer base for Health Prevention Packages in the country. It is also one of the largest players in private healthcare in Central and Eastern Europe in terms of sales.