Local private healthcare clinic MedLife took a loan of 56 mln. Euros, to finance expansion

MedLife the private healthcare market leader in Romania, signed a syndicated loan of EUR 56 million, with the Romanian Commercial Bank, ING Bank, Raiffeisen Bank and BRD, of which 20 million euros will be earmarked for acquisitions.

The majority stake in the company is owned by Marcu family other shareholders being the investment fund Value4Capital and IFC.

According to company representatives, the 20 million will be supplemented with own funds of € 5 million and will be used exclusively for acquisitions to extend the MedLife operations nationwide.

Additionally the company will continue to expand greenfield projects. The company intends to expand its network of Hyper-clinic with two new units and a network of hospitals in cities with over 200,000 inhabitants.