“The group expects financial results to continue to improve, considering that the volume of medical services provided in its units keeps growing, while the financial results of companies recently acquired continue to be consolidated in the group’s financial results”, the company said in a report.
Four businesses acquired in the fourth quarter of 2020 were not included in MedLife’s projections, the report also shows.
MedLife also targets a 30% increase in its net profit, to over RON81 million, after ending 2020 with a profit of RON62 million.
In 2021, MedLife Group continues to look into further acquisition opportunities and seeks to consolidate its presence on the market on a regional level.
MedLife, with a market value of RON1.4 billion, is 16.2% held by Mihail Marcu, majority shareholder holding the positions of CEO and Board Chairman, 14% held by Mihaela Gabriela Cristescu and 10.6% owned by Nicolae Marcu.