Medicover acquires leading healthcare provider in north-western Romania
Medicover has signed an agreement to acquire a majority stake of Spitalul Pelican, the major provider of healthcare services in Oradea, a city of around 200,000 people in the north-western part of Romania. The acquisition will turn Medicover into the leading private provider in the region, with a total catchment area population of some 1 million. The agreement is for an 80% stake of the hospital and clinical business of Pelican. The cash flow impact is projected at EUR 23 million, including purchasing price, debt, transfer of certain assets and investments into operations. The remaining