August 20 (SeeNews) - Romania's competition council said on Monday it has approved the acquisition of medical laboratory services group IDS Laboratories by local healthcare provider Elite Medical.
"Following a review of the transaction, the Competition Council found that it does not raise significant obstacles to effective competition in the market, in particular by establishing or strengthening a dominant position," the anti-trust authority said in a statement.
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IDS Laboratories comprises Medical Expert Clinic and IDS Laborator, which also provide laboratory medical services in Romania.
Elite Medical is active in the provision of medical services offering a wide range of clinical and paraclinical services, both ambulatory and hospital.
Elite Medical is part of private healthcare group Regina Maria, which operates 35 polyclinics, four hospitals, eight medical campuses and 180 clinics in Bucharest, Cluj, Brasov, Constanta, Bacau and Pitest and has 3,500 employees, according to data published on the corporate website.