MedLife S.A.

M&A Activity • Jul 31, 2023

MedLife strengthens Sfânta Maria brand through two new acquisitions, in Craiova and Cluj

• MedLife acquires the full stake in Policlinica Sfântul Ilie in Craiova and the majority stake of 51% in Union Medical Clinic in Cluj.
• The two companies will come under the umbrella of Sfânta Maria brand, part of MedLife group, which addresses especially to patients who access services under NHIH.
• By acquiring the two medical units, Sfânta Maria Network strengthens its presence at national level, being already active in 12 counties: Bucharest, Brăila, Galați, Bacău, Iași, Timiș, Sibiu, Vrancea, Prahova, Argeș, Dolj and Cluj.
• Sfânta Maria is probably the network with the largest number of family doctors and specialists under contract with NHIH in Bucharest, being in top 3 at national level.
• In the future, the representatives of Sfânta Maria aim to cover all the counties of the country.

Bucharest, 31 July 2023 - MedLife, the leader of the private medical services market in Romania and the medical provider with the greatest know-how in M&A, announces the acquisition of the entire stake in Policlinica Sfântul Ilie in Craiova, as well as the majority stake of 51% in Union Medical Clinic in Cluj, the companies following to be integrated under Sfânta Maria Network.

Present on the local market since 2000, Policlinica Sfântul Ilie is one of the first private clinics in Craiova. With 12 medical specialties, the clinic offers comprehensive medical services and paraclinical investigations to meet the needs of all patients, thus becoming a point of reference in medical activity at the county level. Among the medical specialties that can be accessed within the polyclinic are internal medicine, cardiology, dermatology, endocrinology, physiotherapy, occupational medicine, neurology, obstetrics-gynecology, ophthalmology, ENT, psychiatry and psychology. In 2022, the company recorded a turnover of 2.8 million RON.

On the other hand, Union Medical Clinic has over 10 years of experience on the Cluj market and offers a diverse range of high-quality services, covering 21 medical specialties including cardiology, dermatovenerology, diabetes and nutrition, endocrinology, family medicine, neurology, obstetrics-gynecology, ophthalmology, orthopedics, psychiatry, psychology and urology. Being in a continuous process of evolution, the clinic integrates the latest techniques and medical equipments to provide treatments to patients at European standards. The turnover recorded by Union Medical Clinic in 2022 amounts to 7.6 million RON.

"We continue to invest in Sfânta Maria Network, the second brand of MedLife Group, through which we respond to the needs of patients who wish to benefit in particular from services under the state health insurance regime (NHIH). By acquiring Policlinica Sfântul Ilie and the majority stake in Union Medical Clinic, we strengthen our presence at national level, Sfânta Maria network being already active in 12 counties in the country: Bucharest, Brăila, Galați, Bacău, Iași, Timiș, Sibiu, Vrancea, Prahova, Argeș, Dolj and Cluj.

Both the clinics and laboratories of Sfânta Maria offer services at high standards, and through the synergistic collaboration between the 2 medical networks, MedLife and Sfânta Maria, we will be able to support an even greater number of patients, in an efficient and integrated way," said Dorin Preda, Executive Director of MedLife Group.

"We are accelerating the development of Sfânta Maria Network at national level, both through acquisitions and organic development. We probably have the largest number of family doctors and specialists under contract with NHIH at the level of Bucharest and we are in the top 3 at national level, but also an impressive network of laboratories that offer analyzes settled by public insurance. In the next 3 years, we aim to cover all the counties of the country and we are actively looking for local partners with whom we can achieve this ambitious plan", said Cristian Sas, Executive Director of Sfânta Maria Network, part of MedLife Group.

With a presence on the Romanian market of 6 years, Sfânta Maria medical brand has established itself as one of the most important national health networks, offering a varied range of medical services, focusing especially on services settled through the national health insurance system. With an impressive number of over 50 medical units, obtained through acquisitions and organic development, the network has a significant presence at the national level, being already active in 12 counties in the country: Bucharest, Brăila, Galați, Bacău, Iași, Timiș, Sibiu, Vrancea, Prahova, Argeș, Dolj and Cluj. Also, Sfânta Maria stands out, perhaps, for the largest network of specialist doctors under contract with NHIH, but also for one of the largest networks of family medicine offices.