MedLife Opens EUR1.1M Hyper-Clinic In Iasi

MedLife, Romania’s largest private medical services provider, opened a hyper-clinic in Iasi, northeastern Romania, its eleventh in the country, following a EUR1.1 million investment, the company said in a statement.

The new clinic includes 26 medical offices occupying 1,200 square meters and offers imagery, lab testing, examinations and full investigations for over 20 medical specialties. The clinic employs approximately 100 people.

The company said it will also buy a medical laboratory in the city in the next two months.

MedLife’s regional development program, whereby the healthcare provider plans to reach towns with over 250,000 inhabitants, includes four hyper-clinic openings this year. One was already opened in April Galati, and two others will follow in Constanta and Cluj-Napoca by the end of the year.

The company has been operating the Romanian private healthcare market since 1996 and has outpatient treatment units, hospitals, maternities, laboratories, and pharmacies.

In 2013, MedLife reported a turnover of EUR72 million and an operating profit of EUR10 million.

Its shareholders are Marcu family- 51%, private fund SGAM Eastern Europe, owned by a subsidiary of Societe Generale- 36.25%, and the International Finance Corporation (IFC), the lending arm of the World Bank, – 12.75%.
By Gabriela Stan