Romania's private medical operator MedLife will spend EUR 10m this year on new medical centersPublish date: 21-02-2008
MedLife, Romania's biggest medical services operator, will invest about 10 million euros to open four medical centers in Bucharest, in the Central city of Cluj and in the Western city of Timisoara this year, according to the company's president, Mihail Marcu.
The company's expansion plan includes three other medical centers in the Eastern city of Iasi, in the Central city of Brasov and in the Southeastern city of Constanta, which will be ready in the first half of 2009.
Medlife targets more than 20 million euros turnover for 2008, up 70 percent against the 12.7 million euros posted last year. It owns 17-18 percent of the local market, with some 350,000 clients and controls 25 percent of the market in Bucharest for corporate clients.
MedLife invested more than 6 million euros last year to open the Life Memorial Hospital as well as to build several locations throughout the country. It plans to inaugurate the first private hospital network in Romania by 2009 in partnership with International Finance Corporation (IFC), the consultancy and investments division of the World Bank.
The operator also increased the clinical specialties, expanded the lab analyses range and released the private health insurance AsiLife last year.
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