First Romanian private hospital sold. Euroclinic goes to Centrul Medical Unirea

Medical service operator Centrul Medical Unirea (Unirea Medical Centre), controlled by investment fund Advent International, will conduct the first merger on the private medical services market with Euroclinic Hospital & Medical Centers.

The move comes after the takeover by Advent from Dutch Eureko group of 99.9% in the hospital last Thursday. The value of the deal signed that day was not publicly revealed. "To the private medical services market what happened (the Euroclinic - CMU merger i.e.)is a good thing. On the one hand it consolidates CMU's position on the market, and on the other creates a better alternative to public services. People can compare and I hope the flow of those going abroad to seek treatment can be reverted. As far as competition is concerned, this is not a problem, because there is a huge need (of such services i.e.) and more players will be able to tap into the business and still won't be enough," said Robert Şerban, one of the shareholders of private medical clinics Gral Medical.

News source: ZF English link: article