Luxmed's healthy expansion

The revenues of Luxmed SA jumped from zł.17.25 million to zł.22 million year-on-year in the first quarter of 2006. The Luxmed group's revenue grew by 53 percent in the first three months of 2006 in comparison to Q1 2005, reaching zł.32.6 million. "The acquisition of the dynamically growing Kopernik company in February is responsible for the group's result," Luxmed's vice-president Dariusz Korecki explained. "As for Luxmed SA, territorial expansion, the increase in revenues in Warsaw, and the expansion of our clinics in other cities were the main reasons for the growth," he added.

In the first months of 2006 the company concentrated on expanding its activities in Warsaw, but in the next few weeks it is opening a new clinic in Poznań, and within the next six months a clinic should open in Katowice. "This will mean that we will be present in all major Polish cities," Korecki said. The company currently has clinics in Warsaw, Kraków, Gdańsk, Łódź, Wrocław and Poznań. According to Korecki, Luxmed should have around a 20-percent market share in the private healthcare market.