Medical service operator Centrul Medical Unirea (Unirea MedicalCentre), controlled by investment fund Advent International, willconduct the first merger on the private medical services marketwith Euroclinic Hospital & Medical Centers.
The move comes after the takeover by Advent from Dutch Eurekogroup of 99.9% in the hospital last Thursday. The value of the dealsigned that day was not publicly revealed.
"To the private medical services market what happened (theEuroclinic - CMU merger i.e.) is a good thing. On the one hand itconsolidates CMU's position on the market, and on the other createsa better alternative to public services. People can compare and Ihope the flow of those going abroad to seek treatment can bereverted. As far as competition is concerned, this is not aproblem, because there is a huge need (of such services i.e.) andmore players will be able to tap into the business and still won'tbe enough," said Robert Şerban, one of the shareholders of privatemedical clinics Gral Medical.
The takeover of Euroclinic is the third conducted on the privatemedical service market this year after Advent bought into CMU andMedLife took over a clinic in Braşov.
At the end of 2009 an investment fund of Societe Generale boughtinto MedLife; since that moment on acquisitions on this market havejumped over the 50 million-euro mark, making it into one of thehottest industries. Private clinics, whose business is based onsubscriptions offered by companies to employees, have been seeing asignificant rise even lately when the economy is in recession.
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