Catalin Vasile, Chief Sales Officer at NN Romania.Paolo Vivona, General Manager & CEO and Chairman of the Management Committee at Intesa Sanpaolo Bank Romania.According to Mihai Marcu, the model could be replicated by companies in other industries as well, and they could even attract sovereign funds such as the ones in Norway or Kuwait, which have capital allocations for different industries.” Last but not least, MedLife’s listing also brought to the local market new institutional investors who specialised in the healthcare sector. MedLife’s successful Initial Public Offering (IPO) came after eight years of zero private listings on the stock exchange, showcasing the capacity of Romanian entrepreneurial firms to attract both domestic and foreign investors and accelerate the growth of the local private sector.įor the past seven years, MedLife has continued its rapid growth as a public company, with its turnover having grown fourfold since 2016, making it the first private medical services operator to cross the EUR 400 million turnover threshold. On this backdrop, we’re dedicating this month’s cover story to MedLife, a private medical services provider that could not have become the market leader had it not decided to go public, according to Mihai Marcu, the president and CEO of the 28-year-old company, which started trading on the BVB in 2016. Since it was founded in 1995 with just nine listed companies, the BVB has gained visibility among investors and entrepreneurs, with more companies tapping into the capital market as a solid funding channel. Furthermore, the local capital market has attained emerging status based on the FTSE Russell. The growth of the Bucharest Stock Exchange (BVB) has accelerated in recent years: by early 2023, there were 371 companies listed on the main and AeRO markets. “Romania is on track to become the most important economy in the region by far, and it has numerous listed companies that have an opportunity to become regional leaders.
The May (I) 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “MedLife BVB performance highlights potential of Romania’s emerging capital market.” Read it online by clicking here. To download the magazine in PDF format fill out this form and we’ll make sure to send you a PDF copy.īy Anda Sebesi, Editor-in-Chief, Business Review Magazine
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