MedLife surpasses the milestone of half a billion euros in revenue in Romania during the year 2024, marking the company as the initial private healthcare provider to achieve such accomplishment.
MedLife, Romania's largest private healthcare network with a whopping RON 2.76 billion turnover in 2024 – a 25% surge from the previous year – shows no signs of slowing down. Despite economic growth just hovering at 0.9%, MedLife dragged itself to new heights, maintaining solid financial performance and a recent profit boost.
Mihai Marcu, MedLife's CEO, beamed with cautious optimism about the 2024 results, stating, "Despite the anticipated challenging year, fraught with geopolitical struggles and demanding fiscal adjustments, we've strategically prepared to remain steadfast in the face of uncertainties."
Last year was all about consolidation and diversification for MedLife. Beyond diagnostic and prophylaxis platforms, it forged ahead with oncology platforms and top-tier hospital services, offering a vast array of medical services that can't be put off for better economic times. Soon, the company plans to debut medical health monitoring services, wellness programs, and stress management options for corporate clients.
MedLife’s businesses thrived in 2024. Notably, hospitals (38%), laboratories (28%), clinics (23%), and pharmacies and the corporate division (14%) posted impressive growth. It added three new hospital units in Bucharest, Craiova, and Timișoara, potentially claiming the title of Romania's largest hospital service provider.
Key moves in 2024 included acquiring Antares Clinic in Moldova, Euromedica Group Baia Mare, and Routine Med Group in Tulcea, while also integrating the Breast Institute into its flagship MedLife Medical Park in Bucharest. Additionally, MedLife expanded its mental health clinics in Constanta and Craiova and entered the Personal Genetics shareholder structure.
Looking ahead to 2025, MedLife sets its sights on organic growth, with plans to consolidate in the corporate segment, expand hyperclinics, inaugurate a new radiotherapy center in the northeast, and establish new mental health and fitness units in Bucharest and across the country. With a robust diagnostic and treatment network and over 6.5 million patients served, MedLife plans to reinforce its lead in the Romanian healthcare market, expansion efforts, and technological advancements.
Stay tuned for MedLife's game-changing journey in the world of healthcare!
This press release.
Insights:
- MedLife is aiming to invest and expand in key areas like genetics, nutrition, sports, and prevention by employing technology-driven solutions, such as drones, medical robots, and AI digital assistants[1].
- The company has recently completed acquisitions, including Routine Med Group in Tulcea and All Clinic in the Republic of Moldova, marking its second expansion outside Romania[2][3].
- In addition to maintaining its extensive healthcare services, MedLife aims to enhance its position as a leader in tech-driven healthcare[1].
- MedLife reported a 20% increase in consolidated pro-forma turnover in Q1 2025 and a 18.3% rise in pro-forma EBITDA, fueled by strong demand and strategic investments[2].
- The company has fortified its position in the corporate segment by developing tailored solutions for market demands[2].
- MedLife has increased its syndicated credit facility by €50 million, which will support further expansion and investment in key areas[4].
- In an effort to further its impact in health and wellness, MedLife is set to invest in key areas such as genetics, nutrition, sports, and prevention by utilizing technology-driven solutions like drones, medical robots, and AI digital assistants.
- To establish its presence beyond Romania, MedLife has recently completed acquisitions, such as Routine Med Group in Tulcea and All Clinic in the Republic of Moldova, marking its second expansion outside the country.
