“In its first year in business [the hospital had] more than 30,000 patients (…) All this time the hospital operated without using Health Insurance House funds for hospitalization (…) More than 200 babies were born in the Medicover maternity ward,” said Bogdan Pana, chief executive of Medicover hospital and clinics.
The 122-bed Medicover hospital is one of the largest such private institutions in Bucharest, and takes up 7,000 square meters in Baneasa (north of Bucharest).
Swedish-held Medicover operates the hospital and the clinics by the same name, as well as the Synevo lab network. The group expected last year’s revenue to reach about EUR45 million in Romania. No information has been made public as to whether it did or did not.
In an interview for ZF in August 2012, chief operating officer John Stubbington said that six months after inauguration the hospital was a little behind on its EUR4 million target because of the bad weather at the time of its opening.
Medicover’s founder is Jonas af Jochnick, who also owns cosmetics company Oriflame and investment fund Oresa Ventures.
Private medical services make an about half a billion euro business and the largest competitors include MedLife, Medicover, Regina Maria, Sanador and Gral.
(English version by Loredana Fratila-Cristescu)