Centrokinetic, Romania’s largest network of medical rehabilitation clinics, is expanding to the western part of the country
Source：business-review.eu
From：Taiwan Trade Center, Bucharest
Update Time：2024/06/16
The growth investment fund AGISTA has supported Romania’s largest medical rehabilitation chain, Centrokinetic, in acquiring the eighth clinic in the company’s portfolio, Socrates Clinic in Timisoara. The transaction is strategic, opening several opportunities for Centrokinetic’s expansion in the western part of the country. AGISTA completed its entry into Centrokinetic’s shareholding in the fall of 2023, acquiring a stake of over 35% in the medical chain, with the clear objective of supporting the development of the clinic network and assisting its expansion with at least 10 clinics over the next four years.
In just seven months, the Centrokinetic network has already expanded with 5 clinics nationwide, now owning 4 clinics in Bucharest, 2 in Brasov, one in Cluj-Napoca, and 1 in Timisoara.
The concluded transaction stipulates that Centrokinetic will reach almost 70% ownership of the clinic’s shares, with one of its founders, Dr. Armand Gogulescu, retaining just over 30%. The near-term plans for the clinic in Timisoara include improving the business by acquiring new equipment (especially MRI) and hiring more doctors, with Centrokinetic also investing capital in Socrates Clinic.
In this transaction, AGISTA contributed to negotiation, legal and financial due diligence, execution and coordination, and the actual closing of the transaction. Along with AGISTA, Mazars Group worked on the financial services side, and Filip & Company provided legal services for this transaction.
The growth investment fund AGISTA, in the process of being authorized by the Financial Supervisory Authority, a brand launched by Impetum Group, supports through capital and know-how those Romanian SMEs whose products and services are or become essential for society. Acting as a minority shareholder, AGISTA invests tickets between 2 and 5 million euros and acts as an anchor investor with a strategic role, having a representative on the board of portfolio companies and contributing to their rapid and healthy development. Through partnership with AGISTA, companies benefit from customized solutions, guidance, and networking, having a growth partner looking towards transformation into a regional champion.
Source: https://business-review.eu/business/healthcare/