August 14 (SeeNews) - Romanian medical services provider MedLife [BSE:M] said on Tuesday it has completed
the acquisition of medical information platform Sfatulmedicului.ro for an undisclosed price.
Following this transaction, Sfatulmedicului.ro will maintain the team that has carried out the project in all these years, and in order to keep its independence and impartiality towards the market, the management will be entirely independent of MedLife and its current directors, MedLife said in a statement filed with the Bucharest stock Exchange, BVB.
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Established 15 years ago, sfatulmedicului.ro is one of the top sites dedicated to the healthcare sector in Romania. The platform has a monthly average of over 3.2 million unique visitors and over 12 million impressions. Aside from the information service, users choose the platform to access the medical self-assessment service and online test interpretation.
The transaction was announced in mid-June.
MedLife's net profit decreased by 5.1% year-on-year to 6.07 million lei ($1.5 million/1.3 million euro) in the first half of 2018. The company's turnover increased by 24% on the year to 374 million lei, led by a significant growth in all business lines, manly clinics, hospitals, pharmacies and laboratories, and by acquisitions made in the last two years.
MedLife shares traded flat at 29.9 lei on the BVB as at 1204 CET on Tuesday.
(1 euro=4.6590 lei)