Ghencea Medical Center acquisition, completed

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MedLife, Romania’s largest private medical services provider, announces that it has completed the acquisition of the 90 percent stake in Ghencea Medical Center in Bucharest, a press release informs.

Ghencea Medical Center, with a 10-year activity on the market, registered a turnover of RON 8.7 million last year, while for this year it is counting on a 20 percent increase. The medical services provider consists of two clinics in Bucharest and Magurele, with 135 employees, medical professionals and support staff, offering patients a diverse range of investigations for laboratory and imaging areas, specialized treatment for medical recovery and alternative medicine.

At the same time, Ghencea Medical Center is one of the relevant providers of medical services in contract with the Bucharest Health Insurance House (CASMB), covering over 25 specialties, including occupational health medicine, pediatrics, rheumatology, gastroenterology, neurology, cardiology, psychiatry, urology, dermatology and ENT.

MedLife reported the end of the first quarter of 2018 on an upward trend and announced a pro-forma consolidated turnover of RON 196.8 million for this period, up by 34 percent over the same period last year. For 2017, pro-forma consolidated turnover was of RON 638 million, up by 27 percent as compared to 2016 and an adjusted pro-forma EBITDA of RON 82.3 million.

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