IN THE FIRST TIME OF THIS YEAR FOLLOWING THE SAME PERIOD OF 2017, Medicover Group reported revenue up 17.2% – Businesses

The Medicover Group, a player in the healthcare market in our country, achieved a turnover of 42.2 million euros in the first half of the year, up 17.2% over the same period in 2017.
Medicover is present in our country via Medicover Medical Network and Synevo Laboratories and Synevo Harvesting Centers, Romania being the third largest market in terms of the group's income share, after Poland and Germany
The Division Medical Services in Romania (present through the Hospital and Medicover Clinics) has recorded, after the first six months of the current year, revenues of 16 million euros, while the Division Diagnostic Services (represented by Synevo network of laboratories and collection centers) achieved a total turnover of 26.2 million euros.
Adrian Peake, Chief Executive Officer of Medicover Romania, said: "Our commitment to growth in the Romanian market is supported by two major deals already announced in the first half: the Pelican Hospital of Oradea and the Academica Medical Center in Bucharest strengthens the Medicover network and supports us in our efforts to be closer to our patients and provide them with quality services of the highest quality. We will continue our accelerated growth in the coming period. "
Laurenţiu Luca, Managing Director of Synevo Romania, emphasizes:" We are pursuing territorial expansion, by increasing the network of harvesting points and laboratories, and we are adding new personalized diagnostic services, particularly in the field of histopathology and genetics .14 new harvesting centers, we also maintain our constant concern to educate patients on the importance of prevention and for the professional training of our laboratory specialists .
Medicover Romania has been present for more than 22 years in the market of private health services and at the end of 2017, it has a network of 27 clinics in Bucharest and in the country (Timisoara, Cluj -Napoca, Constanta, Iasi, Ploiesti, Brasov, Galati, Piteşti, Năvodari, Eforie Nord) and a general hospital in the capital – Medicover Hospital
Synevo Romania administers a national network of 16 labs oratories and 78 biological sampling centers, carrying out nearly 15 million tests in 2017.
At the group level, Medicover, the international diagnostic and health company listed on the Swedish stock exchange (Nasdaq Stockholm), has recorded a 13.9% growth in its turnover to 323 million euros in the first half of this year compared to the same period in 2017, according to a company announcement. Fredrik Ragmark, CEO of Medicover, says: "In the second quarter of this year, we continue to experience solid organic growth and we expect that the organic growth rate of EBITDA for 2018 will be between 8-12% and we maintain our goal of having a compound EBITDA growth rate of 18-20% in the medium term, respectively 2016-2019. "
The Medical Services division recorded a growth in its revenue 17.2%, to 161.5 million euros over the analyzed period. The Diagnostics Services Division recorded growth of 10.9% and 167 million, respectively. The results of the Diagnostic Division were supported by very good developments in the markets of Romania and Ukraine, according to the source cited.
Founded in 1995, Medicover has 15,900 employees and realizes a turnover of about 580 million euros.