Marcu family: We are thinking of selling another stake

The Marcu family, which controls private medical services operator MedLife, with turnover worth 21.2 million euros last year, could sell a further minority stake, but is not considering giving up control of the company. “We are considering selling a minority stake this year, but we are just testing the waters right now. If a sale does occur, it will be in the form of an exit, and not of funding for the company,” said Mihai Marcu, one of the shareholders of MedLife (31.9% of the shares). The other shareholders of the company are paediatrician Mihaela Gabriela Cristescu (24%), Nicolae Marcu (24%) and International Finance Corporation (IFC), the investment division of the World Bank, with 20% of the shares. IFC became a MedLife shareholder in 2006, when it took over 20% of the shares from the Marcu family in a 5 million-dollar transaction, as part of a complex funding project. If completed, this would be the first major deal on the market of medical private services in a while.