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MedLife Group receives the approval of the Competition Council for the acquisition of 50 percent of Neolife shares
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Romanian healthcare group MedLife completes acquisition of drugs distributor Pharmachem
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Romanian healthcare group MedLife buys majority stake in drugs distributor Pharmachem MedLife
BUCHAREST (Romania), December 17 (SeeNews) - Romanian privately-owned medical services group MedLife [BSE:M] said on Thursday that it acquired a 75% stake in Bucharest-based drugs distributor Pharmachem Distributie.
The deal is MedLife s largest acquisition this year and the first in the pharma sector, the group said in a filing with the Bucharest Stock Exchange, BVB.
The value of the deal was not disclosed. We believe that this [the pharma] segment will have a very important contribution to economic recovery and the population’s health maintenance in the next years, MedLife Group CEO and president Mihai Marcu said.