January 11 (SeeNews) - Romanian private healthcare services provider MedLife Group [BSE:M] said that it has completed the acquisition of 99.76% of the share capital of Muntenia Medical Competences from investment fund SIF Muntenia [BSE:SIF4], thus taking over the private hospital operated by the company in the southern city of Pitesti.
Following the acquisition of Muntenia Hospital, MedLife Group's network comprises 16 hospitals, the company said in a report filed with the Bucharest Stock Exchange on Tuesday.
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The transaction was first announced following the sale-purchase agreement signed in July 2022, and since has been pending the approval of the national anti-trust body, the Competition Council.
With over ten years of experience in the medical services market, Muntenia Hospital has one surgery block with four operating rooms, a high-performance radiology and imaging centre and its own medical analysis laboratory. According to company representatives, in 2021 Muntenia Hospital had a turnover of 5.5 million euro ($5.9 million).
SIF Muntenia shares traded 1.65% lower at 1.1950 lei as of 1000 CET on Wednesday on the Bucharest bourse.
Medlife shares traded flat at 18.58 lei as of 0945 CET on Wednesday, bourse data showed.
($=0.9313 euro)