Medicover and Synevo’s total revenues in Romania up by 19.3 pct in first nine months

Medicover Group (represented by Medicover Romania and Synevo Romania) achieved an increase in revenue year-on-year of 19.3 percent, to EUR 55 million.

At general level, Medicover registered a consolidated revenue increase year-on-year of over 17 percent in the first nine months of 2017, to EUR 427.5 million.

“The third quarter saw Medicover Romania continue to deliver on our plans for growth. The acquisition of Iowemed, the top quality network of clinics in Constanta county, is a key strategic part of our growth. We will continue to look for opportunities that compliment Medicover’s range of healthcare services. I am also extremely proud of the contribution that Romania has made to achieving the general results of Medicover of 1 million members,” said Adrian Peake, general manager of Medicover Romania.

“The third quarter confirms that we are well on track to reach our targets with good organic growth and healthy margin expansion across both divisions. We continue to see a stable market development in both Poland and Romania, with sustained robust demand for our services, and currently do not foresee any major changes to market conditions,” said Fredrik Ragmark, CEO of Medicover.

“Synevo Romania has maintained the ambitious development pace it set this year. As such, in September, we inaugurated the first digital histopathology department in South-East Europe,” said Laurentiu Luca, general manager of Synevo Romania.

In the first nine months of the year, the company’s Healthcare Services division recorded an increase in revenues of 16.1 percent, to EUR 209.1 million. Furthermore, the Diagnostic Services division recorded revenues higher by 18.2 percent, at EUR 218 million.

Medicover is one of the most important international healthcare and diagnostic services providers.

Medicover Romania has been present on the private healthcare services market for over 21 years and has a network of 25 clinics (in Bucharest and the country) and a general hospital in the capital – the Medicover Hospital.