Medlife Raises Stakes in SAMA Craiova and PDR Brasov

MedLife, the leading private healthcare provider in Romania, on Monday announced its has bought an additional 35% in the SAMA group of companies in Craiova and 3% of PDR Brasov group, raising its stakes to 90% and 83%, respectively.

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SAMA Group is one of the most important medical services providers in southwestern Romania and consists of three multidisciplinary clinics, including a day inpatient unit, a kinetotherapy center, two occupational health centers, six laboratories and several sampling points. SAMA units are present in Craiova, Ramnicu Valcea, Slatina, Balcesti and Calafat.

MedLife entered the market in Brasov in 2010, with the acquisition of PDR Brasov group of companies. The group currently brings together a multidisciplinary hospital (MedLife Brasov Hospital), a maternity (MedLife Eva Brasov Maternity), three hyperclinics (MedLife PDR Vulturului Hyperclinic, MedLife PDR Turnului Hyperclinic and MedLife Brasov Hyperclinic), a pediatric center, six medical centers (Fagaras, Sf. Gheorghe, Codlea, Bran, Poiana Brasov, Sacele), four laboratories (in Brasov and Sf. Gheorghe) and a pharmacy owned by PharmaLife Med.

The additional shares in SAMA and PDR groups were obtained based on an exchange with MedLife shares. This transaction is aimed at group alignment, but also compliance with the acquisition strategy, which recognizes and encourages the contribution of the founders of the subsidiaries to the integrated activity of the MedLife group.

"The decision to acquire new shares in SAMA and PDR groups represents a consolidation process in business development. In the four years since we have been present on the market in Craiova and nine years on the market in Brasov, we have continued to invest, we have increased the quality of services and the complexity of the medical act, both cities becoming important business centers for MedLife. In 2019, we will continue the business plan announced to investors and shareholders, continuing to strengthen our position at national level, both through acquisitions and greenfield projects, "said Mihai Marcu, President and CEO of MedLife.

Since 2010 to date, MedLife has completed 20 acquisitions, becoming the operator with the greatest expertise in this segment. The coampny is also currently looking at opportunities for expansion outside Romania.

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