October 5 (SeeNews) - UK-based investment company Integral Venture Partners said that together with its majority shareholder Morphosis Capital, has invested in Romanian clinic network Medima.
The transaction includes a cash injection to accelerate Medima’s network roll-out, the two companies said in a press release on Tuesday.
Also as part of the transaction, a direct purchase of shares by Integral facilitates a partial exit for private equity fund Morphosis.
The amount of the investment was not disclosed.
"With our support, Medima will continue its network expansion across Romania, while executing on a number of other strategic projects including a cyclotron line launch and select operational initiatives," said Evtim Chesnovski, Partner at Integral.
Medima Health is a nationwide-network of medical imaging and radiology clinics. Currently, the company operates nine clinics in the cities of Bucharest, Otopeni, Calarasi, Alba Iulia, Buzau and Braila.
Morphosis Capital is a Romanian private equity fund. In September 2020, Morphosis acquired majority stake in Medima.
Integral Venture Partners is an investment company managing institutional private equity and growth capital focused on investments in Central and South-Eastern Europe.