MedLife increased its shareholding in Genesys and Almina subsidiaries

MedLife, the leader of the Romanian private medical services market, announces the increase of the shareholding in two subsidiaries of the group, Genesys and Almina.

MedLife increases by 10 percent its shareholding in Genesys, one of the largest private medical services providers in western Romania, thus reaching a stake of 83 percent. Genesys has been part of MedLife System since 2011, when representatives announced the acquisition of 55 percent of its shares.

MedLife also announces the acquisition of additional 10 percent shares in Almina, reaching a stake of 90 percent. In 2017, MedLife acquired a majority stake of 80 percent in Almina Trading S.R.L., a company consisting of eight medical centers and two laboratories, located in Dambovita and Ilfov counties.

The additional shares of Genesys and Almina subsidiaries were acquired by Medlife as a result of an exchange with MedLife treasury shares repurchased under the Company’s share buy-back program in accordance with the decision of the extraordinary general meeting of shareholders no. 2 of September 29, 2021.