Following the deal, Morphosis Capital acquires a majority stake in Medima Health.
Medima Health specializes in complex anatomical imagining through MRI and CT scanning, oncology diagnosis and radiology. The company currently operates two clinics in Bucharest.
The new business venture will be managed by CEO Vlad Ardeleanu. Ardeleanu served as the deputy CEO of retail chain Artima, COO of Carrefour Romania as well as CEO of Superbet. He is also a shareholder in Medima and be in charge of leading the expansion and building the Medima Health brand in Romania and abroad.
Morphosis Capital’s investment will help expand Medima Health clinics in Romania and further the development of its tele-radiology services. Tele-radiology enables the transmission of diagnostic medical images from one location to another, where radiologists and physicians can analyze them and provide their expertise remotely.
The transaction was assisted by law firms Schoenherr for Morphosis and Nestor Nestor Diculescu Kingston Petersen (NNDKP) for Medima Health. Mazars Romania provided financial and tax due diligence while commercial due diligence was provided by London-based leading healthcare consulting firm Candesic.