Growth was mainly due to the advance of all the group’s business lines, as well as to the acquisitions the company completed in 2022 and 2023, according to MedLife officials.
Net profit dwindled, however, in the above-mentioned period, from RON45.6 million in 1H/2022 to RON5 million in 1H/2023.
Other operating revenues rose by 105.7% in the first half of 2023 from the year-earlier period, to RON8.7 million.
The group posted operating expenses of RON1.02 billion in January-June 2023, up 28.9% year-on-year.
Looking ahead, MedLife is focused on consolidating its leadership position by continuing organic projects with a focus on expanding the hospital network in Bucharest, through ongoing work on the MedLife Park project and by opening new units in the Oltenia and Western regions. Although acquisitions are not a priority for the Group at this time, MedLife representatives do not exclude the possibility depending on market opportunities and development needs.
„Next, as we mentioned at the beginning of the year, we are focusing on optimizing the operational flows and procedures within the group, in order to leverage economies of scale and the accumulated expertise of each unit. With the determination that characterizes us, in the coming months, we emphasize efficiency and the development of several ambitious organic projects, which will strengthen the largest network of clinics, laboratories and hospitals available at national level”, said Mihai Marcu, CEO of MedLife.
At present, MedLife owns the largest private healthcare network in Romania with around 700 own and partner locations nationwide.
MedLife has a RON2.5 billion capitalization, after its share have gained 12.43% since the start of the year amid RON117 million deals.
(English version by Catalina Apostoiu)