The decision comes after the group achieved revenues of €500 million and has seen turnover growth of over 20% in the last five years.
The syndicate of banks providing the increased loan includes Banca Comercială Română (BCR), Raiffeisen Bank, BRD Groupe Société Générale, Banca Transilvania, and ING Bank N.V. Amsterdam Bucharest Branch.
BCR acted as coordinator, mandated lead arranger, and facility and guarantee agent.
Mihai Marcu, President and CEO of MedLife Group, said the additional funds will be used primarily to complete ongoing projects and for potential acquisitions, supporting the group's expansion strategy.
Looking ahead, MedLife aims to further expand both domestically and internationally. The group is also focusing on investments in genetics, nutrition, sports, and preventative medicine, which it sees as the future of healthcare.
MedLife operates in Romania, Hungary and the Republic of Moldova.
