ZF English

Clinics bundle up to attract buyers

Autor: Ioana David

04.04.2011, 23:47 17

Several private clinics have forged partnerships with a view toattracting a strategic investor and being able to fund expansionplans.

As almost all large players have already been involved in adeal, 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 growin terms of turnover and develop our projects," said Radu Mitrea, amajority shareholder in Medo clinics of Braşov. The company reachedturnover worth over half a million euros and operates two clinicsin Braşov county with over 60 employees. Together with thiscompany, another seven or eight clinics are part of this"bundle".

Separately, the shareholders of Timişoara's Medici's, Bădescufamily, are also interested in selling. "We had an assessment forthe development of some partnerships together with an investmentfund," said Adrian Bădescu.

Muşat & Asociaţii law firm and East Coast Financial Servicescompany of Antonis Ioannides, a former Deloitte partner, have ajoint project to sell several clinics. Their representatives chosenot to specify what companies they had for sale as part of this"bundle".

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