“We’re looking at top ten players, but also at medium-sized clinics in the country (for acquisitions i.e.),” said Adrian Purcarea, general manager of Medicover Romania.
The group operates through Medicover brand on the clinic and private hospital segment, while on the lab segment it owns Synevo brand.
At group level, the Swedish-held group has over 10,000 employees, 4 million subscribers, a network of 90 clinics, four hospitals, 64 labs, but also various partnerships, according to the company’s own data.
Medicover entered Romania in 1997, being one of the first foreign investors to tap Romania. The group entered the market through an acquisition, taking over Rombel company developed by businessman Dan Lazarescu together with foreign partners. The Swedish group also considered taking over Euroclinic in 2010.
Local healthcare saw renewed interest in acquisitions in 2015, with MedLife, leader of the market, taking over Sama clinics of Craiova.
Through acquisitions, Medicover will try to complete its own network, now made up of 14 clinics in Bucharest and countrywide and a 122-bed hospital in Bucharest. Beside acquisitions, Medicover will also expand by opening new clinics.
“For 2015, we have an over EUR4 million investment budget to open new clinics, relocate existent clinics to wider spaces to meet rising demand for medical services, especially from the area of corporate clients. We will also operate further investments in new equipment for clinics and Medicover hospital,” said Adrian Purcarea.
He added the main projects for 2015 envisage the relocation of Timisoara clinic, the opening of new clinics, new services lines in the hospital and new products. The company has also recently launched Medicover Shop. Medicover expects revenue to rise by 10-20%, without taking into account possible acquisitions.
According to Trade Registry data, Medicover SRL posted revenue worth almost RON56 million in 2013, while Medicover Hospitals reached RON18 million in revenue.
(English version by Catalina Apostoiu)