MLP Care sees 79% increase in medical tourist revenues

 

The company had a steady start to the year – a significant change from its reported loss following its full year results of 2018.

Revenues were up 25% to TL933m (US$154m). When revenues of managed hospitals are included, revenue growth is at 28%.

In the first quarter of 2019, we made a very good start to the year with revenues and EBITDA growing significantly above inflation,’ said Muharrem Usta, chairman and chief executive officer of MLP Care. ‘Foreign medical tourism (FMT) revenues were up by 79% y-o-y and FMT continues to be a strong growth engine going forward.’

Usta went onto say that in April, MLP signed an agreement with Bupa Acibadem Insurance Group, and with this agreement, insurance holders of the SenCart Membership Program mainly Bupa Acıbadem and Aksigorta, that covers 655,000 people will be able to benefit from the healthcare services of Medical Park and Liv hospitals.

MLP Care has 31 hospitals and around 6,000 beds in 17 cities in Turkey.

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