MedLife IV (IFC-37926)

  • Romania
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 23, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 11.11 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 35.91 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 29, 2017

Disclosed by Bank Mar 18, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The IFC investment consists of an A-loan of up to EUR13.6 million to MedLife to support its EUR55million 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.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The Marcu family, with extensive experience in the health care sector in Romania, founded MedLife and remain the Company’s controlling shareholders. All three family members - Dr. Mihaela Marcu Cristescu, Head of Pediatrics Department; Mr. Mihail Marcu, Chairman of the Board and Dr. Nicolae Marcu, Chief Executive Officer, remain involved and committed to the Company. Together, they control 51% of the Company’s shares. Value4Capital is an independent private equity firm owns 36.25% stake in MedLife and IFC owns the remaining 12.75% stake in the Company.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

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How it works