• Tue. Sep 27th, 2022

Medical Services Provider MedLife Acquires 80% Stake in Timișoara Clinic Network

ByMadeleine J. Pierce

Jun 22, 2022

Private medical services provider MedLife has acquired an 80% stake in the shares of Medici’s, a network of clinics in Timișoara, western Romania.

Medici’s, which has a network of four clinics, is currently building a multidisciplinary hospital in Timișoara.

As part of the agreement, MedLife takes over the four Medici clinics, the Laborix laboratory and the Medici hospital. The transaction is pending the approval of the Competition Council.

Once the transaction is completed, MedLife will own five clinics, two laboratories, a hospital and a stem cell laboratory in Timișoara.

With a total surface area of ​​5,500 m², the Médicis hospital will consist of two twin towers. The construction of the first building has been finalized and the interior fittings are currently in progress. It will include operating theatres, an intensive care unit, pre- and post-operative care rooms and a pharmacy. The first building should open in December 2022, while the second should be finalized in 2024.

Medici’s has a portfolio of 40,000 subscribers, four clinics, 40 consulting rooms, a medical imaging laboratory and a test laboratory. It works with 200 doctors, permanent or collaborators.

The company has invested more than 15 million euros in 25 years. Last year, it achieved a turnover of RON 20.3 million (more than 4 million euros), up 40% compared to 2020.

Once the acquisition is finalized, the current management team will retain their attributions.

“The region has great potential and through the partnership with MedLife, we will become a gateway for millions of people who want complex and quality medical services,” said Dr. Adrian Bădescu, Founder and CEO of Medici’s.

“In MedLife’s long-term strategy, hospitals are a central point and we aim to contribute significantly to their development. We have, on the one hand, an elderly population and complex pathologies, and, on the other hand, we are witnessing a change in the mentality of patients, who are opting for integrated, personalized and very complex medical services. With the opening of the Medici Hospital, we will have a network of 16 hospitals nationwide,” said Dorin Preda, Executive Director of MedLife Group, as quoted by Startupcafe.ro.

(Photo: Andreï Stanescu/Dreamstime)

[email protected]