In 2021, Monza group opened another oncology hospital within Enayati Medical City, which is set to add over EUR15 million to Monza business starting 2022, according to Militello.
And healthcare investments are directly reflected in financial results, with Monza reporting losses of almost RON12 million in 2020. However, the group will turn to profit in 2021, as shown by 1H figures, though this is not an indicator the group is watching.
Moreover, Militello is also on the lookout for new acquisitions to further develop the hospital network.
The first Monza hospital was opened in Bucharest, in 2011, involving investments of above EUR40 million. Monza group includes another three hospitals.
(English version by Catalina Apostoiu)