MG Medical negotiates sale of its majority stake with investment fund

Vlad Naicu, one of the shareholders of MG Medical, a company that operates on the market of dental services, is negotiating with an investment fund the sale of his majority stake in the company. "There is an investment fund willing to buy the business, because they liked the idea. They think it can be copied countrywide and even further. It is a big investment fund, which is now in a phase of assessment," stated Vlad Naicu. MG Medical operates on the dental medical services market and started to gain momentum in 2000, after several years of testing the market. The company posted a 0.4 million-euro turnover last year, with this year estimates indicating it will achieve 0.5 million euros. Currently, the company is using a subscription-based system and has 16 corporate clients, one of the most important being the mobile telephone operator Vodafone.