MedLife S.A. — M&A Activity 2021

Jun 16, 2021

MedLife Medical System announces the completion of CED Pharma acquisition

MedLife Medical System announces the completion of the acquisition of the full package of shares of CED Pharma group of companies, the transaction being approved by the Competition Council.

CED Pharma Group consists of 6 pharmacies, all located in Bucharest. The new pharmacies are located inside hospital units and will ensure continuity for the development strategy of MedLife group on the pharma segment, which is based on the interdependence between medical units and pharmacies.

With this acquisition, MedLife Group reaches a network of 20 pharmacies.

In terms of the M&A activity, MedLife Group has the greatest expertise in the acquisition and integration of a group of medical companies, reaching a portfolio of 31 acquired companies.

About MedLife Medical System:

MedLife Medical System started 26 years ago, has developed healthily and has become the largest provider of private medical services in Romania. Romanian entrepreneurs, who founded this company, invested and got involved to change the Romanian health system, believed in innovation and dared to aim as high as possible, to offer Romanian patients qualitative services, professionalism, care and respect for their needs.

The company operates the largest network of clinics, one of the largest networks of medical laboratories, general and specialized hospitals and has the largest corporate clients base for Health Prevention Packages in the country. It is also one of the largest private healthcare providers in Central and Eastern Europe in terms of sales.

MedLife Group has a history of success in terms of both organic growth and by acquisitions. Strong and experienced management team, was able to create and manage these growth opportunities, gaining valuable knowledge and experience, which allows to find the best way to successfully continue the expansion.

Being a Romanian company with a tradition, MedLife chose to be listed on the Romanian Stock Exchange, being a model for listings on the local capital market. It has opened up new horizons, and through the corporate governance it has implemented, has inspired other local companies to embark on this path and help develop the Romanian capital and economy. The shares issued by MedLife SA are admitted to trading on the regulated spot market administered by the Bucharest Stock Exchange, Premium Category, with the trading symbol ″ M ″.

During the pandemic, MedLife managed to play a key role in society and gain a detached leadership status in pandemic monitoring through active involvement in research activities.

The company continues to invest in projects in technology and infrastructure, with impact on the local community. It creates jobs and develops an ecosystem that contributes to the development and maintenance of a healthy Romania.