MedLife has completed the acquisition of the 100 percent stake in Polisano medical services division, ranking in top 10 largest medical services providers in Romania, after the acquisition was validated by the Competition Council, as a press release informs.
The new structure that MedLife will have in Transilvania consists in 5 mono and multidisciplinary hospitals; 7 tests laboratories; 8 large clinics integrating state-of-the-art medical imaging departments; 2 maternity clinics and one center for in vitro fertilization.
“We are very glad to announce the completion of this transaction, as one of the most significant consolidation initiatives on the Romanian medical services market so far. From this moment on, Medlife becomes the uncontested leader also in the Transilvania region, with sales exceeding EUR 60 million only in this geographical area, and successfully finalizes one of the most relevant and complex transaction in the Romanian medical services market. At the same time, we are finalizing the company’s transformation cycle into a sizable national organization that can multidisciplinary cover most of the basic medical services”, Mihai Marcu, MedLife President and CEO stated.
Set up in the 90’s, Polisano is the first fully integrated group in the Romanian medical area. It includes a series of four clinics with own laboratories located in Bucharest and Sibiu and a private hospital – Polisano European Hospital of Sibiu – recognised as being one of the most modern and effective hospitals in Romania
During its close to 25 years of activity, Polisano has served approximately 2.1 million patients, both in retail and corporate segments. Currently, the company has more than 500 employees and registered sales of approximately RON 80 million in 2016.
MedLife made its first acquisition in 2011 when it purchased the majority stake in PDR Brasov group of companies. During a period of 8 years, the company completed 19 acquisitions, being probably the medical operator with the largest expertise in acquiring and integrating a medical group or company. The last acquisition was that of Solomed, a group of medical services clinics present in Pitesti, Costesti and Curtea de Arges markets.