OTOMED Medical Center
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OTOMED Medical Center - overview
Established
2003
Location
Bucharest, -, Romania
Primary Industry
Travel & Leisure
About
OTOMED Medical Center is a specialized healthcare facility in Romania focused on diagnosing and treating hearing and balance disorders, providing comprehensive audiological services to individuals of all ages. Founded in 2003 in Bucharest, Romania, OTOMED Medical Center is dedicated to auditory health, offering a range of treatments for hearing impairments. The center has completed two deals, the most recent being a Seed funding round in November 2003, where they raised EUR 0. 160 million from GECAD Ventures.
The founder's history is not detailed in the available data. OTOMED Medical Center specializes in diagnosing and treating hearing and balance disorders, offering services such as auditory screening for newborns, cochlear implantation, and audiological assessments for children. Their multidisciplinary expertise ensures tailored treatment plans, catering to families, schools, and healthcare providers across Romania, using advanced diagnostic equipment to deliver precise assessments. In the most recent financial year of 2023, OTOMED Medical Center reported a revenue of EUR 41,523.
90. The center operates on a transactional model, focusing on direct service offerings, including audiological assessments and cochlear implant procedures, which fosters long-term relationships with clients through ongoing support and management of hearing devices. OTOMED Medical Center intends to leverage the EUR 0. 160 million raised in November 2003 to enhance its service offerings and expand its reach.
The center aims to introduce new audiological products and possibly extend its services into neighboring markets, enhancing community outreach and patient volume by 2023.
Current Investors
GECAD Ventures
Primary Industry
Travel & Leisure
Sub Industries
Fitness & Wellness Facilities
Website
www.otomed-center.ro
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
OTOMED Medical Center - timeline of key events
OTOMED Medical Center - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 277,074 | 265,998 | 310,423 | 293,410 | 110,221 | 162,306 | - | - | - |
| % Revenue Growth (YoY) | - | (4.0%) | 16.7% | (5.5%) | (62.4%) | 47.3% | - | - | - |
| EBITDA (USD) | (20,451) | 139,601 | (6,209) | (21,495) | (154,089) | (108,973) | - | - | - |
| Operating Income (USD) | (20,451) | 139,601 | (6,209) | (21,495) | (154,089) | (108,973) | - | - | - |
| Operating Margin | (7.4%) | 52.5% | (2.0%) | (7.3%) | (139.8%) | (67.1%) | - | - | - |
| % EBITDA Margin | (7.4%) | 52.5% | (2.0%) | (7.3%) | (139.8%) | (67.1%) | - | - | - |
| NET Income (USD) | (2,323) | 135,441 | (9,313) | (24,430) | (155,123) | (110,596) | - | - | - |
| % Net Margin | (0.8%) | 50.9% | (3.0%) | (8.3%) | (140.7%) | (68.1%) | - | - | - |
OTOMED Medical Center - employee data
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