MedLife | Romania Feed

Private medical service provider MedLife (M.RO) notified the Bucharest Stock Exchange on Tuesday that the private pension fund Metropolitan Life had reported owning more than 5% of the voting rights.

Private medical service provider MedLife (M.RO) will be using drones to transport lab samples over the 120 kilometers between Oradea and Arad, thus cutting delivery time in half, it said in a report to the Bucharest Stock Exchange on Thursday.

Private healthcare operator MedLife has informed the local capital market with regard to the decision of the company’s Extraordinary General Shareholders Meeting of August 3 in line with which the company will carry out a share capital increase of RON99.65 million.

MedLife, leader of Romania’s healthcare market, in the first quarter of 2023 registered consolidated turnover worth RON529 million, up 26.4%, supported by all the business lines of the group and 2022 and 2023 acquisitions.

Sixty-two percent of MedLife (M.RO) shares traded on the Bucharest Stock Exchange in January 2023, went to a single buyer, Pillar II pension fund Metropolitan Life Pensii Private, ZF as calculated from the Pillar II reports and trading prices.

MedLife, leader of Romania’s private healthcare market, for 2022 reported consolidated turnover worth RON1.8 billion, up 26%, and RON44.3 million net profit, down by RON68 million from 2021.

Private healthcare operator MedLife reported RON1.4 billion turnover in 2021, up 33% against the previous year.

Private healthcare operator MedLife (M.RO) will be included in the Romanian Traded Index (ROTX), which was created by the Bucharest Stock Exchange in collaboration with the Vienna Stock Exchange (VSE), according to a statement by the VSE.

Private healthcare operator MedLife (M.RO) reported a pro-forma consolidated turnover of EUR332 million in 2021, up 51% year-on-year, and announced plans for acquisitions and growth of EUR120 million, its report published on the Bucharest Stock Exchange website shows.

Private medical services provider MedLife (M.RO) said in a stock market report Friday that NN pension funds, namely, Fondul de Pensii Facultative NN ACTIV, Fondul de Pensii Facultative NN OPTIM, Fondul de Pensii Administrat Privat NN and NN Investment Partners B.V. reported on April 22, 2021 a combined holding of 15.04% of the total voting rights in MedLife, respectively, 20 million voting rights.

The private medical labs of two leading health care providers in Romania – market leader MedLife and Medicover, the third leading operator, generated significant revenue for the groups they are part of in 2020, ZF has found.

The Romanian healthcare system was put to the test by the COVID-19 pandemic, and it came through. MedLife, the largest private healthcare services provider in the country, managed to both treat non-COVID patients as well as build new labs from scratch. To find out more, Business Review talked to its CEO, Mihail Marcu. By Aurel […]