Centrokinetic expands in western Romania, buys clinic in Timisoara

Growth investment fund AGISTA has supported medical recovery chain Centrokinetic in acquiring its eighth clinic – Socrates Clinic in Timișoara.

In the fall of 2023, AGISTA completed its entry into Centrokinetic’s shareholding, acquiring a stake of over 35% in the medical chain, with a clear objective of supporting the network’s clinic development and aiding its expansion by at least 10 clinics over the next four years. In just seven months, the network has already expanded by 5 clinics nationwide, currently owning 4 clinics in Bucharest, 2 in Brasov, 1 clinic in Cluj-Napoca, and 1 in Timișoara.

„I believe in quality medical services, and I believe that when talented individuals with a passion for a certain field come together, they can achieve extraordinary things. So, this time, I can truly say that I am very pleased that the founder of Socrates Clinic, Mr. Armand Gogolescu, who built this clinic from scratch and turned it into the best medical recovery center in Timișoara, remains our partner. We want to continue in Timișoara with the same dedication we have already shown in other Centrokinetic clinics, with quality services and equipment, so that our patients can recognize the Centrokinetic standard of quality in any clinic they receive treatment”, said Bogdan Andrei, founder and Medical Director of Centrokinetic.

„This acquisition is part of the strategy jointly assumed with Centrokinetic’s management – namely, the development on a national level, while maintaining or even improving the quality of medical services offered. We are pleased to have contributed to the completion of this acquisition for several reasons: on the one hand, because we are talking about one of the best medical recovery clinics in Timișoara, and on the other hand, because this acquisition opens up other opportunities for expansion in the western region of the country”, said Dragoș Dărăbuț, Senior Investment Manager at AGISTA.

„I founded Socrates Clinic with the desire to offer quality medical services to the people of Timișoara. The partnership with Centrokinetic came from the realization that we share common values and principles, which we hope will take us to the next level of growth,”, said Armand Gogulescu, founder of Socrates Clinic.