MedLife IV

completed

The proposed investment consists of an A-loan of up to €13.6 million to MedLife (the “company”) to support its €55million 2015-17 expansion plan (the “project”) in Romania which includes; (i) expanding operations within Romania, including new acquisitions in Bucharest, Craiova, Timisoara and Oradea; and (ii) broadening its health services offering both by acquisition and by new asset construction. MedLife is a health care provider chain in Romania with 13 multidisciplinary clinics, 10 monodisciplinary clinics, 8 medical laboratories, 6 multi and monodisciplinary hospitals, 3 maternity hospitals and 11 pharmacies located in several cities in Romania, but mainly in Romania’s capital, Bucharest. There is no emergency services at the hospitals and no ambulance services is provided by the company. MedLife provides health services to two million in and out patients annually and has over 600 beds in its existing hospitals. The company is now expanding in Romania, especially in Bucharest, Craiova, Timisoara and Oradea, by acquisition of existing health care facilities, including hospitals, laboratories and clinics. With implementation of the expansion plan, the company targets to reach some 2.5 million patients and have over 750 beds.The company offers a wide range of treatment services including orthopedics and traumatology, plastic and reconstructive surgery, general surgery, gynecology, pediatric surgery, genitourinary surgery, spinal surgery, ear-nose-throat surgery, oncology and surgical oncology, infertility and assisted reproduction, medical genetics and medical checkups. Laboratory services include predisposition tests for common diseases, colorectal cancer, hereditary breasts and ovarian cancer, ontogenetic tests, pharmacogenetics tests, diagnosis of thrombophilia, identification of the mutations, prenatal diagnosis, infertility tests, paternity tests and diagnosis for infectious agents. Radiology services are offered, however there is no chemotherapy unit in existing facilities.