Medicover, one of the leading private medical services companies in Romania, has completed the acquisition of Pelican Hospital, the main provider of health services in Oradea.
Following the approval of the Competition Council for this transaction, Medicover has become the leader of the health services market in the northwestern region of the country. This is the third major acquisition of the company this year, after taking over the Academic Medical Center and signing a purchase agreement for the Phoenix Medical Center in the Oltenia area.
The transaction involved the acquisition of 80 percent of Pelican Hospital’s shares. Surgeons who founded Pelican Hospital remain in the top management team and will hold a minority stake.
“Pelican’s acquisition strengthens Medicover’s presence in the medical service area by including the largest private hospital in the country,” said Adrian Peake, General Manager, Medicover Romania.
Pelican owns a hospital with 130 beds, five operating blocks, an imaging diagnostic center and other activities. Pelican Hospital is in the process of expanding with the construction of a new facility with an area of 4,000 square meters that will add an additional 100 beds and a unit dedicated to research.
Medicover Romania has a hospital in Bucharest inaugurated in 2012 with an area of over 7,000 sqm, spread over seven levels. The Medicover multidisciplinary hospital in Bucharest has an integrated ambulatory and offers access to Maternity, Pediatrics, Surgical Specialties, Standard and High-Tech Medical and Imaging Specialties.
Medicover is in the process of expanding its market presence in Romania. In July, the company completed the acquisition of the Academica Medical Center, an operator that has two clinics located in Premium residential areas, namely Aviatorilor and Pitar Mos. Also, Medicover initiated the acquisition of the Phoenix Medical Center, a private medical operator in Oltenia, which has a network of eight medical centers in Craiova, Targu Jiu, Slatina, Calafat and Dragasani. Upon completion of this last transaction, Medicover’s network of clinics will grow from 20 units at the beginning of the year to a total of 37, distributed in all major regions of the country.
Medicover is listed on the Swedish Stock Exchange – Nasdaq Stockholm. The company reported a 13.9 percent increase in revenue in the first half of 2018 compared to the same period of the previous year, up to a value of EUR 323 million. Medicover is present in Romania through the Medicover medical network and through the laboratories and Synevo centers.