According to the company’s representatives, reported turnover does not include two significant acquisitions: Muntenia Hospital and Provita group, which are currently submitted to approval by the Competition Council.
Net profit stood at RON56.8 million, down 42.4% from last year.
Also, the company’s operating expenses climbed by 37.6% to RON1.2 billion.
In Q3/2022, the company posted a two-digit advance for most business segments.
„The first nine months of 2022 have been intense for the leader of the private healthcare market, both in terms of organic development and acquisitions. In order to increase access to excellent medical services, MedLife organically developed 7 new units, including dental clinics in Craiova, Ploiesti and Arad, under the brand DENT ESTET, new hyperclinics in Târgu Mureș and Deva, and niche centers in Arad, Târgoviște and Craiova”, reads the company’s report.
MedLife closes the third quarter of 2022 with no less than 13 acquisitions ticked off in less than 9 months, in line with the Group’s strategy. According to company representatives, the development plans targeted expansion through acquisitions with an emphasis on companies with integrated services, such as Medici’s or the Provita Group, but also with the intention of consolidating niches such as oncology, ophthalmology and more recently, the wellness segment.
Among the companies acquired by the MedLife Group in the last 9 months are: Neolife, OncoCard, Medicris Oradea, Profilaxis Timișoara, Medici’s, Opticristal Brașov, Spitalul Muntenia, as well as Sweat Concept gyms and SanoPass digital platform. In addition to the process of territorial expansion, aligned with the needs of patients, MedLife’s investments this year were also directed towards digitization, innovation and upgrading processes at the level of medical equipment and facilities. At the same time, with the development of the surgery division with robotic interventions in the largest hospital in the network, was completed the first stage of consolidation of the MedLife Medical Hub, the largest medical park of the Group.
„We will continue to act cautiously, depending on the context and market trends. It is only natural that, after the accelerated expansion of the last few months, there will be a period of settling down and consolidation at the group level. Simultaneously, we will continue to offer support to large and mediumsized companies, as well as start-ups, to support their position during this difficult period for the business environment. At the same time, we will support the rest of the patients who cross our threshold daily with personalized solutions, their needs being a priority in our entire decision-making process,” stated Mihai Marcu, President & CEO of MedLife Group.
The company has a RON2.1 billion market value, after a 33% decline in 2022.
(English version by Catalina Apostoiu)