“Turnover generated by the entire Arcada hospital structure, which legally includes Arcadia Policlinic, Arcadia Hospital and Arcadia Cardio, has so far revolved around EUR4.5 million,” said Mihaela Calcan, development and communication manager with Arcadia Hospital. “The results are better than anticipated at the start of the business,” she added.
The 218-bed hospital was opened in the second half of June 2010. At the time, the company estimated it would generate EUR3.5 million in its first year.
“Two new Arcadia policlinics are scheduled for opening in Iasi soon, through investments of around EUR2 million. Development plans do not include the opening of a new hospital for the time being,” Calcan said.
She added investments were expected to be recouped in around ten years.
According to ZF calculations, Arcadia is not among the top ten players on the private healthcare services market yet, in terms of revenue, but if turnover estimated for 2011 is reached, it may get close to or even make it into the top ten.