Medlife Group has completed the acquisition of Medici’s, the largest medical operator in Timisoara

MedLife, the leader of the private medical services market in Romania, announces the completion of the acquisition of 80 percent of the share package in Medici’s, the largest medical operator in Timisoara, following the approval by the Competition Council.

With a history of more than 25 years and constant development, Medici’s has in its portfolio 4 clinics, a medical imaging laboratory, a laboratory analysis platform, and a multidisciplinary hospital, currently under construction. Medici’s Hospital will have a total area of 5,500 square meters, being composed of two twin buildings. The first building, which will be operational from June 2023, will include a pharmacy, large imaging (CT and MRI), operating rooms, ICU, pre- and post-operative rooms. The second building of the hospital is scheduled for completion in 2024. 

The transaction approved by the Competition Council entails the integration of the four Medici’s clinics and the laboratory as well as the hospital into the MedLife Group. 

Thus, MedLife ends up owning in Timisoara 5 clinics, 2 laboratories, 1 stem cell laboratory and 1 multidisciplinary hospital, which at the time of completion will become the largest private hospital in the city. 

“The partnership with Medici’s is a strategic one, that aims to consolidate the largest diagnostic and treatment platform in Romania, to meet the specific needs of the patients. We firmly believe that, together with our partners, we will succeed in turning Timisoara into one of the strongest regional health hubs. Moreover, the expansion of MedLife on the Timisoara market results, on the one hand, in increasing the access for the residents of the western area to integrated, personalized and complex medical services, and on the other hand, in creating a strong competitive environment, which leads to the development of the quality of medical services at the level of the entire county”, stated Dorin Preda, Executive Director, MedLife Group.