MedLife announces 33 percent increase of turnover in Q1

MedLife announces the Group’s financial results for the first quarter of this year and reports a pro forma consolidated turnover of 555.5 million RON, an increase of 33 percent compared to the same period last year.

“Since the beginning of the year, we have demonstrated determination in implementing our development strategy, and the results reflect the sustained efforts of over 10,000 MedLife employees and collaborators who provide top medical services to patients, as well as the management team which, for almost three decades, has been agilely managing the various challenges generated in the socio-economic context. For the upcoming period, we are focusing on the gradual consolidation of MedLife Group, investing in sustainable business development. We are consolidating operations, the newly acquired companies, the brand value and, implicitly, the leading position in the private medical field, so as to ensure a strong position on the local and regional market, with a rapid capacity to adapt to any new market trends and requirements,” stated Mihai Marcu, Chairman and CEO of MedLife.

In general terms, the demand for medical services remained at a high level. In the January-March 2023 period, most of the business sectors recorded significant growth compared to the same period in 2022, with the most performing being the clinics (+49.2 percent), hospitals (+26.4 percent), and corporate (+12.7 percent) sectors, followed by dental clinics (+26.5 percent) and laboratories (+2.2 percent).

After expanding through no less than 20 development and expansion projects in 2022, MedLife Group’s focus in 2023 will be on consolidating post-acquisition profitability margins nationwide. Regarding new acquisitions and expansion initiatives, company representatives have adopted a less dynamic approach, acting in this direction according to the context and market trends.

Operationally, strategic objectives include increasing the portfolio of doctors and investing in the highest quality medical services, as well as patient satisfaction. Additionally, the company continues to develop the MedLife Medical Park project, the largest medical unit of the Group, and, in parallel, aims to inaugurate new outpatient medical units in the country.