Clinics bundle up to attract buyers

Several private clinics have forged partnerships with a view to attracting a strategic investor and being able to fund expansion plans.

As almost all large players have already been involved in a deal, there are fewer possibilities of tapping into the market now, with the acquisition of bundled clinics as one of them.

“We’re seeking a strategic investor through which we could grow in terms of turnover and develop our projects,” said Radu Mitrea, a majority shareholder in Medo clinics of Brașov. The company reached turnover worth over half a million euros and operates two clinics in Brașov county with over 60 employees. Together with this company, another seven or eight clinics are part of this “bundle”.

Separately, the shareholders of Timișoara’s Medici’s, Bădescu family, are also interested in selling. “We had an assessment for the development of some partnerships together with an investment fund,” said Adrian Bădescu.

Mușat & Asociații law firm and East Coast Financial Services company of Antonis Ioannides, a former Deloitte partner, have a joint project to sell several clinics. Their representatives chose not to specify what companies they had for sale as part of this “bundle”.