Centrokinetic expands | PROFIT.ro

The medical recovery chain in Romania Centrokinetic, supported by Growth investment fund AGISTA, bought a eighth clinic, Socrates Clinic from Timișoara. The transaction is a strategic one, which opens more opportunities to expand the Centrokinetic chain in the western part of the country.

AGISTA completed its entry into Centrokinetic’s shareholding in the fall of 2023, when it acquired a stake of more than 35% of the medical chain, with the objective of supporting the development of the clinic network and helping it expand by at least 10 clinics in the next four years.

In seven months, the Centrokinetic network expanded with 5 clinics nationwide, ending up currently owning 4 clinics in Bucharest, 2 in Brașov, a clinic in Cluj-Napoca and 1 in Timișoara.

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“This purchase is part of the strategy assumed together with the Centrokinetic management – namely that of national development, equally with preserving or even improving the quality of the medical services offered. We are glad to have contributed to the completion of this acquisition for several reasons: on the one hand, because we are talking about one of the best medical recovery clinics in Timișoara, and on the other hand, because this acquisition opens up other opportunities for us of expansion in the western part of the country”, says Dragoș Dărăbut, Senior Investment Manager AGISTA.

Centrokinetic, a clinic brand specialized in the recovery of motor disorders, both orthopedic and neurological, was controlled, prior to this transaction, by the doctor Andrei Ioan-Bogdan, with 87% of the shares.

The transaction completed now provides for Centrokinetic to reach a holding of almost 70% of the clinic’s shareholding, and one of its founders, Dr. Armand Gogulescu, to remain with slightly more than 30%. The plans for the near future of the clinic in Timișoara include improving the business by purchasing new equipment (especially MRI) and by hiring more doctors, Centrokinetic will also invest capital in the Socrates clinic.

“We created Socrates Clinic out of the desire to offer the people of Timisoara quality medical services in the city. The association with Centrokinetic came from the realization that we share common values ​​and principles, which we hope will take us to the next level of growth”, said Armand Gogulescu, founder of Socrates.

The AGISTA growth investment fund, a brand launched by Impetum Group, supports with capital and know-how those Romanian SMEs whose products and services are or become essential for society. As a minority shareholder, AGISTA invests tickets between 2 and 5 million euros and acts as an anchor investor, with a strategic role, having a representative on the board of the companies in the portfolio and contributing to their rapid and healthy development. Through the partnership with AGISTA, companies benefit from customized solutions, guidance and networking, having a growth partner alongside them in the perspective of becoming a regional champion.

AGISTA invests in all fields of activity, but mainly follows the industries: IT&C, healthcare, recycling and agritech. From launch to date, AGISTA has invested in Eplus Smart Energy, Dendrio Solutions, FORT, Top Tech, Bittnet Group and Centrokinetic.

Centrokinetic is the network of integrative orthopedics and medical rehabilitation clinics dedicated to osteoarticular conditions, with full diagnostic and treatment capabilities, from medical consultation, open MRI specialized on the locomotor system, ultra-modern physiotherapy rooms and state-of-the-art equipment for physiotherapy procedures.

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Impetum Group (now formed by the market leader in restructuring and insolvency CITR and the investment funds Roca, Roca X and Agista) launched in 2021-2022 the first two holdings of the group, Roca Industry, respectively Roca Agri RDF, but also the Agista fund, the first investment fund from Romania that helps local SMEs to list on the stock market, finance and accelerate their growth through the capital market.

In the fall of 2022, Agista announced that it owns almost 7% of Bittnet, a group of companies founded by brothers Mihai and Cristian Logofătu, and later the investment fund’s participation increased to 15.16%. The Logofătu brothers, the founders of the company, own 10.8% and 10.1%, respectively. Subsequently, the Agista Fund became Bittnet’s largest shareholder; new business vertical for Impetum Group.

The alternative investment fund Agista co-opted important names from Romanian entrepreneurship, such as Dan Șucu, the owner of Mobexpert, the Andrea and Ferenc Korponay family, Dan Pitic and former business partners of Dinu Patriciu.