MedLife ended the first half of 2022 with a 28 percent increase in turnover

MedLife, the leader of the private medical services market in Romania, announces its financial results for the first half. The company recorded a pro-forma consolidated turnover of RON 865 million, up by 28 percent compared to the first half of 2021. According to company representatives, the reported pro-forma turnover does not include three important acquisitions: Spitalul Muntenia, Medici’s Group and SWEAT Concept, which are in the process of being approved by the Competition Council or in the process of being finalized.

MedLife developed its medical infrastructure by completing 12 strategic acquisitions aimed to strengthen the services offered at the national level through the two networks of the group: MedLife and Sfanta Maria.

MedLife also continued organic development projects through new inaugurations of medical centers at the national level, such as the opening of two dental clinics in Craiova and Ploiești under the DENTESTET brand, the opening of a new Hyperclinic in Targu Mureș, but also the launch of niche centers in Arad, Targoviste and Craiova.

“From the leading position of the private medical services market, we have assumed the responsibility to adapt our development objectives in order to respond as best as possible to the needs of patients. The sustained efforts made since the beginning of the pandemic, by conducting research studies on COVID-19, as well as by diversifying the service portfolio are also reflected in the evolution of our business. So that every project started in the first half, both in terms of acquisitions and investments for new medical units, will translate into long-term results for investors and added value for our patients”, stated Dorin Preda, Executive Director MedLife Group.

Regarding the performance of the business lines, the group recorded the highest increases for the clinics division by 48.6 percent compared to last year, respectively hospitals – by 14.4 percent compared to the same period in 2021. This evolution reflects the demand that remains high for outpatient services in the clinics network, and which represents the engine of development for the other business divisions: hospitals, laboratories and medical subscriptions.

At the same time, the dental division had a more moderate growth, following the investments made during this period in new acquisitions and inaugurations of new dental clinics.