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April 12, 2021
BUSINESS

MedLife: 2015, new expansion year

MedLife, the leader of the private medical services market in Romania, registered good results in 2014: an aggregate turnover of EUR 80 M and an operational profit (EBITDA) of EUR 13 M, up by 25 per cent year-on-year.

According to company representatives, the results obtained are in line with initial estimates and significantly above the market’s growth rhythm, which stood at 7-8 per cent last year.

“In 2014 we continued to consolidate our top position at national level. We expanded in Iasi, Constanta, Galati, Targu Mures and Covasna, and will soon expand in Craiova, Slatina and Ramnicu Valcea too. We surpassed the market’s growth rhythm, against the backdrop in which Romanians were more careful with their health expenses and the funds allocated by CNAS diminished. We raised the number of surgeries and births, so that at the end of last year we reached 45,000 surgeries and approximately 16,500 births, we raised the number of subscribers to 330,000, having the highest number of subscribers in Romania, and last but not least we raised the number of fee for service clients to 4.3 million unique clients, which means that 1 in every 4 Romanians was our client,” MedLife Board President Mihai Marcu stated.

This year MedLife seeks to attain an organic growth of 16 per cent to EUR 93 M and of over 25 per cent to EUR 100 M, the latter being conditioned by the company’s planned acquisitions. Likewise, MedLife representatives estimate an accelerated growth of the operational profit, to EUR 17 M, a 31 per cent year-on-year growth.

 

 

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