MedLife Medical System (BVB: M), a major player on the Romanian private medical services market, announced the acquisition of 100% share capital of Life Med.

The company will be integrated under the Sfanta Maria network, part of MedLife Group.

Life Med is one of the largest private providers of outpatient medical services under contract with the national public health system (NHIH), covering 24 specialties.

Life Med offers comprehensive diagnostic and treatment services ranging from consultations and clinical investigations to laboratory tests for over 130,000 patients annually.

With over 17 years of experience in the private medical services market, Life Med has developed two clinics in Bucharest: Timpuri Noi Clinic and Militari Clinic, with its own medical analysis laboratories.

The turnover registered in 2021 was RON 9.2 mln (nearly EUR 2 mln), 8% more compared to 2020.

The 100% takeover of Life Med is the 37th acquisition to date completed by MedLife Group.

(Photo: Andreistanescu/ Dreamstime)

andrei@romania-insider.com