Romania’s Regina Maria continues expansion with acquisition of new hospital

By bne IntelliNews March 22, 2016

Romania's second largest private medical services provider, Regina Maria, announced on March 22 it has taken over Ponderas hospital in Bucharest, increasing its number of hospitals to five.

The acquisition, which is pending approval from the competition regulator, is in line with the healthcare provider’s plans to expand its network. Last week, Regina Maria signed a €15mn agreement to develop its first hospital in the city of Cluj Napoca.

“This year, we have a separate budget for acquisitions and we hope we will announce other acquisitions,” Regina Maria’s general manager, Fady Chreih said, according to economica.net.

The health care provider’s turnover could reach €100mn this year, following a 20% rise to around €66mn last year.

The Ponderas hospital, with an area of 9,000 square metres and a capacity of 141 beds, will become Regina Maria’s largest hospital. Last year, Ponderas posted a turnover of €16.1mn.The value of the transaction was not disclosed.

Regina Maria is majority owned by investment fund Mid Europa Partners which took over the Romanian healthcare provider last year. The deal was estimated at more than €100mn.

Regina Maria is not the only Romanian private medical services provider planning expansion. MedLife, the largest private healthcare provider, signed at the beginning of March an agreement to borrow €56mn from Banca Comerciala Romana (BCR), ING Bank, Raiffeisen Bank and BRD, planning to use €20mn for acquisitions, according to earlier press reports.

Related Articles

Almaty cost of living lowest among major cities

Kazakhstan’s largest city and business centre Almaty has dropped to last place on the Economist Intelligence Unit’s bi-annual ranking of the ... more

Bucharest urges local government to borrow from banks despite warnings from IMF and EC

Romania’s local administration can co-finance the EU-funded projects from bank loans at interest rates lower than the financing cost of the Treasury, Romania’s central government reportedly ... more

IPO of Romanian telco RCS&RDS reportedly planned for May

A group of shareholders of Romanian diversified telecoms group RCS&RDS want to sell 20%-30% of the group’s shares in an IPO, Ziarul Financiar daily reported. The IPO is expected to take place ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss