Banca Transilvania (BT) has become the sole shareholder of Medicredit Leasing IFN, through the acquisition of the company’s entire stock package. The two firms have been business partners for some years. BT became a shareholder, with just under 39 percent of the social stake of Medicredit Leasing, in January 2007, and the lender increased its participation to over 57 percent in October the same year.
Medicredit was the first local company exclusively specialized in medical equipment leasing and has focused in the last few years on medium and large companies from the private healthcare system. The company posted EUR 17.6 million in financing in 2009. As part of the acquisition, Medicredit Leasing IFN will go through a rebranding process in the months to come, in order to fit the corporate identity of Banca Transilvania.
“The acquisition of the whole package of shares of Medicredit Leasing IFN is part of BT’s strategy to support entrepreneurs active in the medical field. Medical equipment leasing can be a very suitable option for projects developed in this sector,” said Robert Rekkers, general manager of Banca Transilvania.