MedLife negotiates two acquisitions and could reach 2,000 employees

Mihai Marcu, one of the shareholders of private medical services operators MedLife, says he is negotiating two acquisitions outside Bucharest, which could be completed this year, which are “in the range of millions of euros.”
The company is also continuing its greenfield projects, with the biggest ones targetting hospitals.
“We have a lot of plans. We will have the Obor urology hospital, the Titan hyperclinic and surgery ward, and Telegraf, which will be a 10,000 square-metre hospital, with 120 beds and six surgery rooms,” Marcu told ZF in an interview.
Lately, companies in the private medical sector have seen an extremely aggressive expansion, stimulated by the fact that the industry has remained on the rise despite the overall economic decline.
According to data centralised by ZF in mid-year, the main operators in the sector announced projects of over 150 million euros in medical facilities, with 70 million euros to be invested this year alone. More than 13 clinics have been announced for this year, with plans to build seven hospitals until 2011.
MedLife is the biggest player in the private medical industry by turnover, which could reach 38 million euros this year, while its EBITDA could amount to 7 million euros, according to company estimates.
MedLife is currently the biggest employer in the sector, with 1,500 employees. Next year, after finalising its investments, the company will reach 2,000 employees, with 80% being medical personnel.