The MedLife Board of Directors has signed a syndicated credit facility with BCR, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania, for refinancing existing facilities, extending the financing period, rearranging the related terms and conditions, and increasing the funding limit up to a threshold of about EUR 66 million, according to Business-Review.eu.
The additional credit limit of EUR 10 million will be in the form of a facility in term and will be used by MedLife, together with other company’s own cash, for possible new market opportunities.
”We have the largest procurement portfolio, the largest know-how in this field, and a strong organic growth, which maintains our leadership in the healthcare market. We aim to remain active in the procurement market, we have proven to be a reliable and long-term partner for the founders of companies, so for the coming year we are looking at a few transactions to join our group new entities and caliber partners, from outside the country,” said Mihai Marcu, CEO and president of MedLife.
Read more HERE
