Romanian healthcare operator Regina Maria, one of the biggest companies in the local private medical services market, posted a turnover of EUR 91 million last year, up almost 40% compared to 2015.

The company expects a 30% increase in turnover this year, according to a press release issued yesterday. The growth will be achieved organically, but also through acquisitions.

“We have an acquisition budget similar to the one we had last year and we analyze all the opportunities in the market,” said Fady Chreih, Regina Maria CEO.

The company now has in its portfolio almost 400,000 healthcare subscriptions for companies, up 20% year-on-year. “Healthcare subscriptions are the most attractive for companies and employees. Moreover, starting this January, the healthcare subscriptions paid by employees are (tax) deductible, a measure that we’ve supported,” the Regina Maria GM said.

The healthcare network currently has 35 clinics and medical centers, four hospitals, three centers with day care, two maternity hospitals, eight medical campuses, 11 imaging centers, 15 test laboratories, and a stem cell bank. Regina Maria is controlled by private equity fund Mid Europa Partners.

The group’s biggest competitor, Medlife, increased its turnover by 29% in 2016, to EUR 112 million.

editor@romania-insider.com