Total revenues of Medicover and Synevo in Romania increased by almost 20 per cent in 2017

Medicover presented the interim financial report for 2017. The company, present in Romania through Medicover centers and Synevo laboratories, posted an increase in overall revenue of 16.7 per cent compared to 2016, to 580.2 million Euro.

2018-02-09 15:19:05

"The year 2017 was a prosperous group for finishing the listing process on Nasdaq Stockholm and we continued to grow both organically and through acquisitions. Market conditions are stable and support our development plans, especially in Poland and Romania, "said Fredrik Ragmark, CEO of Medicover.

In 2017, the Medical Services Division recorded revenue growth of 16.8 per cent to 285.8 million Euro. Also, the Diagnostic Services Division had higher revenues by 16.9 per cent, of 304.4 million Euro.

The company′s revenue on the Romanian market rose by 19.6 per cent to 73.8 million Euro in 2017 compared to 61.7 million Euro reported in 2016. At the income level, Medicover Romania is on the third position in the group, after Germany and Poland, with a share of 12.7 per cent.

"In 2017, we continued to develop and achieved our goals. The acquisition of Iowemed, the state-of-the-art medical network in Constanta County, has been an important strategic step, complemented by our continuous investment to provide integrated medical services of the highest quality to our patients, "said Adrian Peake, General Manager of Medicover Romania. "The economic growth of the country and the labour market is reflected in the health benefits provided by employers and supports people′s access to quality health care," Peake added.

"The excellent results recorded by the group give us confidence that we are on the right track in Romania. The inauguration last year of the first Department of Digital Histopathology in Southeast Europe in Bucharest and the increase in the number of harvesting centers, 75 per cent of the territory is among the factors that have led to the growth of our local business and have reconfirmed our leadership position in innovation, "said Laurentiu Luca, General Manager Synevo Romania.