MedLife S.A.

M&A Activity • Jun 24, 2022

MedLife completed a new transaction in Oradea

• MedLife acquires the complete package of shares of the companies from Medicris Oradea Group, the largest center of occupational health and related services in Bihor county.
• The transaction was completed by Genesys Arad, one of the first companies integrated in MedLife Group.
• With this transaction, MedLife is consolidating its portfolio of services for patients and subscribers in Bihor.

Bucharest, June 24, 2022 – MedLife, the leader of the private medical services market in Romania, announces the acquisition of the full package of shares of Medicris Oradea Group, the largest center of occupational health and related services in Bihor County.

Medicris has been active for over 20 years on the private medical services market in Oradea and offers outpatient medical services that integrate 9 medical specialties: occupational health, ophthalmology, internal medicine, ENT, psychology and others. Currently, the clinic has a portfolio of over 22,000 subscribers.

"This new transaction means a natural expansion of the portfolio of services for our patients and subscribers, Medicris Oradea being the largest provider of occupational health services in Bihor, to which are added several other related specialties. With the integration of the new portfolio of subscribers, we will be able to serve several local companies, meeting their needs with complementary services offered through the hyperclinic and laboratory we have in Oradea or the center of dermatology and aesthetics, DermaLife, inaugurated at beginning of this year", said Dorin Preda, Executive Director of MedLife Group.

According to the company's representatives, Medicris Oradea transaction was carried out by Genesys Arad, one of the first companies acquired by MedLife group.

MedLife Group, the private healthcare provider with the largest M&A portfolio in the medical field will continue to invest heavily in growing its network in Romania by completing new medium and large M&A transactions in the period to come.

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About MedLife

MedLife started almost three decades ago, has developed in a healthy way and has become the largest provider of private medical services in Romania. Romanian entrepreneurs, who founded this company, invested and got involved to bring change in the Romanian healthcare system, believed in innovation and dared to aim as high as possible, in order to offer Romanian patients' quality, 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 customer base for Health Prevention Packages in the country. It is also one of the largest players in private healthcare market in Central and Eastern Europe in terms of sales.

MedLife has a track record of success both in terms of organic growth and growth by acquisitions. Its strong and experienced management team has been able to create and manage these growth opportunities, gaining valuable knowledge and experience, which will allow the Group to find the best way to successfully continue the expansion.

Being a Romanian company with a tradition, MedLife chose to be listed on the Bucharest Stock Exchange, being a model of listings on the local capital market. It has opened horizons, and through the corporate governance it has implemented, it has inspired other local companies to start on this path and help the development of 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 was able to play a key role in society and gain leadership in pandemic monitoring through active involvement in research.

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