MedLife strengthens leadership in genetic sequencing with Personal Genetics acquisition

MedLife, the largest network of private medical services in Romania, announces the entry into the shareholding of Personal Genetics, a human medical genetics center with national coverage, established in 2011. Thus, MedLife Group becomes the operator with the greatest expertise in the field of genetic sequencing and molecular biology and one of the largest networks of laboratories and collection centers nationwide.

With a reference presence on the Romanian medical market, Personal Genetics stands out for its team of high-quality specialists and the cutting-edge technology used in its medical genetics laboratory. The company offers advanced genetic diagnostic services for a wide range of conditions, in oncology, onco-hematology, gynecology and rare diseases, being actively engaged in the development and application of new methods to improve the quality of patient lifes’. Through its extensive network of 18 centers throughout the country and multiple international certifications, Personal Genetics strengthens MedLife’s status as a leader in the field of medical genetics in Romania.

”By entering the shareholding of Personal Genetics, on the one hand, we respond to the market’s needs for innovation and high-quality medical services. Complementing our expertise in oncogenetics confirms our ability to anticipate and meet the ever-changing demands of patients and the medical industry, bringing the medicine of the future into the present. We aim to harness the potential of this partnership to create lasting and sustainable results, while simultaneously offering our patients the most advanced and personalized medical solutions available internationally. On the other hand, with this new acquisition we confirm our status as a genuine and reliable player in the field of mergers and acquisitions in the private medical market. Our organizational culture and sound financial discipline are key to our success in the integration process, which demonstrates our ability to consolidate and expand our operations efficiently and sustainably. There is probably an effervescent period ahead on M&As in the private medical field in Romania, and we are prepared for it”, declared Mihai Marcu, CEO and President of MedLife Group.

”With a strong focus on personalized and preventive medicine, Personal Genetics has been providing medical support for more than a decade to lead patients and physicians into a new era in medicine, where genetic information is effectively used to improve diagnosis, treatment and monitoring of genetic conditions. We are happy to find in MedLife a strategic partner with whom we will enter a new stage of our evolution and development. Through this partnership, we have the opportunity to accelerate innovation and expand our impact in the medical field, MedLife being the private medical leader with the widest patient base and the greatest know-how in integrated medicine, having a solid team of good doctors and advanced technology. We look with confidence to the future of our collaboration and are determined to continue to bring value to patients and to the entire medical industry”, declared Ariadna Löwendal-Dănilă, CEO Personal Genetics.

Since 2011, MedLife has realized dozens of national and international acquisitions, successfully integrating no less than 73 companies. At the same time, the Group is also oriented towards the development of organic projects, in the last two years completing 13 such projects. From a strategic point of view, MedLife focuses on developing the MedLife Medical Park project and expanding the network by opening new medical facilities throughout the country. The Group also aims to be attentive to market trends and possible opportunities that support organic growth or through acquisitions, but with the main objective of consolidating post-acquisition profitability margins.

MedLife ended 2023 with a pro-forma consolidated turnover of 453 million euros, up 25% compared to the same period of the previous year, registering a double-digit advance for most business segments.

MedLife is the largest network of private medical facilities in the country, and standards of excellence are found in each of its 40 laboratories. With a total of 5 sequencers in the Group’s laboratories, MedLife is currently the operator with the greatest expertise in the area of genetic sequencing in our country.