The project will take place in 2 stages. The first phase of the project will be financed mainly from MedLife own funds, coming from the company’s operational cash flow.  

MedLife published a document on the Bucharest Stock Exchange announcing the acquisition of a land area of 9,500 square meters and of buildings with a built area of 5,000 square meters, while renting additional land area of 2,500 square meters, respectively buildings of 2,000 square meters.

There, MedLife will invests in the development of the largest private medical project in Romania – MedLife Medical Park. The project will take place in 2 stages. In the first stage, MedLife Medical Park will have a total built area of 19,000 square meters that will be put into operation in the next 18-24 months. In the second phase, within 3 to 5 years, the company will build MedLife Oncological Institute, following that the entire project, MedLife Medical Park, will reach a total built area of approximately 50,000 square meters.

The first phase of the project will be financed mainly from MedLife own funds, coming from the company’s operational cash flow. The company adds that currently, a feasibility study for MedLife Oncological Institute is carried on, following that the financing method, either through bank finance, issuance of shares, bonds or a combination thereof, will be decided according to the discussions with the shareholders and the partner financial institutions.