MedLife, the largest private healthcare operator in Romania, has acquired an 80% stake in Almina Trading, a local company active in the Dambovita and Ilfov counties, which has eight medical centers.

The deal’s value hasn’t been mentioned.

Almina Trading has an activity of 20 years in the local market and is the largest medical operator in Dambovita county. The firm has five medical centers in Targoviste, two in Pucioasa, and one in Buftea. It also owns two test labs in Targoviste and Buftea. In the first nine months of last year, the company saw a turnover of EUR 1.3 million.

This is the 15th acquisition for MedLife. Starting 2009, the group has opened or acquired 83 medical units.

The company recently listed its shares on the Bucharest Stock Exchange. MedLife’s initial public offering (IPO) raised EUR 50.9 million from private investors. It was the largest IPO of a private company listed on the Bucharest bourse. The majority stake in the company is owned by the Marcu family.

Medlife had a turnover of EUR 112 million and an operating profit of EUR 4.25 million in 2016.

editor@romania-insider.com