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Private health service provider MedLife closed the first 9 months of 2018 with a pro forma turnover of 606.16 million lei, up 32 percent YoY; for 2019 the group management expects the figure to exceed 200 million euro, the company said in a release on Thursday.
Based on an exchange rate of 4.6617 lei / euro, MedLife's three-quarter turnover amounts to approximately 130 million euro.
The clinics and hospitals were the most dynamic, with these business segments recording a YoY growth of 49 percent and 45 percent, respectively, followed by laboratories and the corporate division, with 21 percent and 19 percent.
According to company representatives, the results are in line with initial estimates and significantly above the market's growth rate.
"We closed the first nine months of 2018 with very good results, which reflect the consolidated development and expansion strategy. In addition to the projects announced for H1, we opened the first one-stop clinic in Oradea this autumn, we are currently present in this city with a medical laboratory, a large clinic and the Transylvania Imaging Center, the result of a takeover. Following the completion of this project, MedLife becomes the only medical operator present with large clinics in all the cities with a population higher than 150,000. No other medical operator is present in at least 10 county seats with such units as MedLife," said MedLife Group president and CEO Mihai Marcu.
In the next period, MedLife Group will continue greenfield projects, and plans to develop new business lines and pursue its takeover strategy. The company also intends to develop the second brand - 'Sfanta Maria', but also expand other acquired companies.
"Chances are that at the end of 2019, provided that we are able to complete our takeover projects, we will become the first medical service company in Romania to top the 200-ml euro turnover line. MedLife Group will place a strong emphasis on digital infrastructure, second opinion at national level and the development of centers of excellence in the 10 hospitals for several specialties such as neurosurgery, cardiac surgery, abdominal wall surgery, gynecology and sports traumatology," said the MedLife Group CEO.
MedLife operates the widest network of clinics, one of the country's major networks of medical laboratories, general and specialized hospitals, and has the largest customer base for Health Prevention Packages in the country. MedLife SA shares are traded on the regulated spot market managed by the Bucharest Stock Exchange. Since 2009 MedLife has opened or acquired 83 medical facilities.
AGERPRES .
