Medicover Romania signed a 15-year agreement with the possibility of extension, with real estate development firm Multigalaxy, which owns the building.
The new building will be located in Pipera area and the office building, covering 15,000 square meters, will be turned into medical unit.
Medicover also has a hospital in Bucharest’s Baneasa area, and the Pelican hospital in the city of Oradea (western Romania), which was acquired in 2018.
Medicover, present in Romania through Medicover clinics and the Synevo laboratory division, reported consolidated revenues of EUR43.1 million in Romania for the first quarter of 2021, up 42% on the year. The Romanian market generated 13.5% of the group’s revenues, making it the third largest market after Germany and Poland.
Medicover Group, which also includes the Synevo laboratory division, reported combined revenue of up to EUR128 million in Romania in 2020, up 7.5% from EUR119.1 million in 2019.