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May 8, 2021

MedLife: Turnover of EUR 100 M in 2015

MedLife, the leader of the private medical services market in Romania, has reported a cumulated turnover of EUR 67.8 M in the first nine months of this year, up by 16 per cent year-on-year. The results obtained are in line with the business targets announced, the company’s growth rhythm continuing to be twice as high as the market average. According to MedLife representatives, these results are also owed to a significant inflow of patients registered in all activity segments – clinics, hospitals, maternities and laboratories – against the backdrop of an improved economic growth outlook but also of the confidence in private medical services.
“We are witnessing an increasingly higher growth in the number of patients willing to choose the private medical system over public and even foreign hospitals. Thousands of patients come to us every day, undergoing medical check-ups, giving birth or undergoing surgery here, and their numbers are rising continuously. We have surpassed 1.5 million unique patients among fee for service clients, and among subscribers we have reached 430,000 clients at the end of September, namely a corporate sector market share of over 50 per cent at national level. It’s the first time when a medical operator in Romania registers such a performance,” Mihai Marcu, Chairman of MedLife’s Board of Directors, stated.
“At this moment we are engaged in six medium- and small-scale transactions and in talks on starting a larger-scale transaction. If we finalize all six medium- and small-scale transactions already started, we will add approximately EUR 9-10 M to the turnover, so that we should reach EUR 100 M or even surpass this value. If we manage to materialize the talks on another transaction in excess of EUR 10 M, we will put a distance of over EUR 50 M between us and the competition,” Mihai Marcu stated.

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