Summary of Proposed Investment
Project Number
29638
Company Name
MED LIFE S.A.
Date SPI Disclosed
May 24, 2010
Country
Romania
Industry
Health, Education and Life Sciences
Projected Board Date
Jun 24, 2010
Status
Completed
Sector
Hospitals and Clinics
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Jun 29, 2010
Signed : Jun 30, 2010
Invested : Aug 23, 2010
Project Description
MedLife has established itself as the leader in the Romanian private health care market and as a unique provider of integrated medical services for corporate clients and individuals. The Company operates the largest private hospital in Romania (Life Memorial Hospital), 4 hyperclinics (large clinics providing an extensive range of high quality clinical services), 5 laboratories, 3 occupational health clinics and 3 specialized clinics (psychiatric, maternal and therapeutic). MedLife also has one of the largest subscriber base in the Romanian corporate market.
MedLife is an existing IFC client and plans to invest up to approximately EUR 20 million in 2010 – 2013 to expand operations in Romania: i) build a 2nd, 120-bed, hospital in Bucharest; ii) add 7 hyperclinics (2 in Bucharest and 5 in smaller cities across Romania) and 2 laboratories (outside Bucharest); and iii) target acquisitions of smaller outpatient clinics, laboratories and hospitals outside Bucharest.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Contact Name: Mr. Dorin Preda
Address: Calea Grivitei nr. 365. Sector 1, Bucharest, Romania
Tel: +40 21 9646
E-mail: dpreda@medlife.ro
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384E Mail: Webmaster
Local Access of Project Documentation
MED LIFE SA
Calea Grivitei nr. 365. Sector 1, Bucharest, Romania