MedLife is entering a new market by acquiring the majority stake of the All Clinic Group from the Republic of Moldova. Founded in 1999, the All Clinic Group brings together three private, multidisciplinary clinics, under contract with the National Health Insurance House of Moldova. With their help, clients have access to outpatient medical services that integrate 20 medical specialties, including family medicine, ENT, pediatrics, gastroenterology, cardiology, neurology and gynecology.
According to company representatives, All Clinic ended last year with a turnover of 800,000 Euro and a double-digit EBITDA margin.
This is the second entry into a new market of MedLife after announcing its first international transaction in 2019: the acquisition of the majority stake in the Rózsakert Medical Center group of companies from Hungary.
”We are proud that MedLife, the leader of the Romanian medical services market, is once again breaking the borders and bringing Romanian capital to the Republic of Moldova. We will use this strategic move to get to know a new market and to study the possibilities of scaling the business. We strongly believe that the Republic of Moldova has potential, especially the market in Chisinau which has great potential being, practically, the second largest Romanianspeaking city after Bucharest. A development in the Republic of Moldova is also a first test of our ability to replicate our broadband know-how towards East, with one or more business lines such as clinics, laboratories, hospitals or dentistry”, said Mihai Marcu, President and CEO of MedLife Group.
“We are honored to take this step and join the largest private healthcare network in Romania. The acquisition announced today is not just a simple transaction, but also the incorporation of a well-capitalized strategic partner, with a sound and sustainable approach in which we strongly believe. We will move forward following the same direction, the strategic objective being the expansion and accelerated growth on the Moldovan market”, said Aurica Roman, co-founder All Clinic.