May 3 (SeeNews) - Swedish healthcare chain Medicover said it acquired Romania’s Laurus Medical as part of a 16 million euro ($16.8 million) deal which also included Polish clinics Allenrot.
Medicover did not disclose the individual value of its acquisition of Laurus Medical.
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The deal is subject to merger control approvals, it said in a press release on Monday.
In January, Medicover announced the acquisition of a majority stake in Romania’s Mediplus Clinic chain for an undisclosed sum.
The company said in July 2021 it would invest 20 million euro in a hospital in Bucharest.
Laurus Medical is a chain of ten clinics in Romania. The network covers numerous medical specialisations.
According to finance ministry data, Laurus Medical recorded 2.7 million lei ($575,700/547,350 euro) in profit on a turnover of 26.7 million lei in 2020.
The Medicover Group is a NASDAQ Sweden-listed international chain of private healthcare clinics. The company operates clinics across Europe and India and employs over 38,000 staff. Medicover recorded 106.6 million euro in profit and 1.377 billion euro in revenue in 2020.
(1 euro = 4.94 Romanian lei)