“The growth rate of these major players is above that of the market because some smaller players have given up, and I expect this trend to continue,” Andronescu told Business Standard.

CMU expects a 50 percent increase in turnover in 2009, due to an investment program worth €20 mln. The development strategy targets the rise of the retail share in the company’s business, considering that so far the focus was on corporate subscriptions, which make up 80 percent of the firm’s turnover.

Sergiu Negut, Chief Executive Officer of CMU, indicated that the investment program will continue countrywide, as the company seeks Greenfield projects as well as partnerships with local players.

The medical service market is valuated at €300-350 mln and major players, including MedLife, CMU, Medicover, Medsana, Gral Medical, Sanador, and Hiperdia, estimated a growth pace of 30 percent for 2008.