“The business consolidated in the first six months. We focused on maintaining the current clients, and on attracting new clients. These aspects helped us not only to raise the number of patients, but also to increase revenues per person,” the Chairman of MedLife’s Board, Mihai Marcu, said.
According to the company, the retail segment made up 65 percent of total net sales registered in H1. Revenues on this segment rose 48 percent compared to H1 2008, also because of the expansion of the unit’s network.
On the corporate subscription segment, MedLife registered a 36 percent annual increase in revenues, especially by attracting companies from other operators. The largest accounts in 2009 include Avon, BRD Groupe Societe Generale, Cadbury, Ceprocim, Cesarom-Lasselsberger, Linde Gaz Romania, Orange, Vodafone, and Volvo Trucks.
The number of patients rose 24 percent compared to last year, to over 600,000, including both fee-for-service and corporate segment patients, the latter with medical subscriptions.
Company officials estimate that the private healthcare service market growth pace slowed in the first half of this year, compared to the previous period. “This was a period favorable for the rearrangement of the private medical market. On the one hand, we witnessed the decline of small players, who, lacking financing sources, are deciding to sell their business, and, on the other hand, the evolution of large operators, who continue consolidating their business, but are much more careful about developing new projects,” Marcu added.
According to MedLife, the value of the local private medical service market could exceed €430 mln by year-end, up some 35 percent compared to 2008. Main players on this market are MedLife, Medicover, Unirea Medical Center (CMU), Sanador, Medsana.
