Business news from Ukraine

Business news from Ukraine

Top Ukrainian healthcare companies generated over UAH 14 bln in total revenue in 2024

31 March , 2025  

According to the Opendatabot Index 2025, the top healthcare companies received more than UAH 14 billion in total revenue. This is 37% more than in 2023. The top list includes 4 chains of medical centers and 6 chains of diagnostic laboratories. Dobrobut Medical Center is among the leaders this year.

The total revenue of the top ten healthcare companies amounted to UAH 14.59 billion. Earnings of the top 10 businesses in the Opendatabot 2025 Index increased by 36.7% compared to 2023. The rating includes 4 medical center chains and 6 diagnostic laboratory chains.

For the second year in a row, the rating is headed by Dobrobut Polyclinic Medical Center, owned by Oleg Kalashnikov. This chain accounts for a quarter of the top ten’s revenue: UAH 3.34 billion. However, even though its revenue grew 1.5 times over the year, the company has been unprofitable for three years in a row.

Dobrobut is a leader in private healthcare, and we are well aware that leadership means, among other things, a great responsibility to our patients, doctors, partners and the state. That is why we are a white business that has paid more than UAH 1 billion in taxes to the state budget of Ukraine during the years of full-scale war alone. We continue to develop and grow: in particular, last year we launched a Mental Health Center, opened two in-house laboratories and strengthened our ophthalmic surgery. We also signed our first major contract with the NHSU for the free infertility treatment program. Very soon we will open another large medical center in Kyiv, and we plan to expand our cooperation with the NHSU,” says Serhiy Orel, CEO of Dobrobut Medical Network.

The second place is occupied by DILA medical laboratory chain, owned by Owell Establishment (Liechtenstein) and Zoya Musatova. Last year, the company’s revenue increased by 35% to UAH 2.75 billion. Dila became the most profitable company in the rating: its net profit amounted to UAH 137.5 million.

Being a leader is not only about finances, but also about honesty, sustainability and responsibility. In 2024, we paid almost UAH 381 million in taxes and allocated UAH 56 million for social initiatives. Is it difficult for us? Yes, probably, like any other Ukrainian business. But the country’s development is a shared responsibility. So, despite the challenges, we are investing in its future, because now it is important to be strong, stable and act,” comments Mykhailo Bogatyr, CEO of DILA.

Cinevo Ukraine, a network of laboratories owned by the Swedish holding Medicover, completes the top three. Last year, the company’s revenue amounted to UAH 2.35 billion, 22% more than in 2023. At the same time, the company suffered a loss of UAH 77.8 million, although in 2023 it had a profit of UAH 40.6 million.

Medicover Group is represented in the rating by another company – Cinevo Vostok. Its revenue in 2024 increased by 25% to UAH 795.8 million, while profit remained at UAH 130 million. In total, the two companies of the Medicover holding earned UAH 3.14 billion.

The Eskulablaboratory network grew the most: by 1.7 times, which allowed it to rise from 10th to 6th place in the 2025 Index. In 2024, the company’s revenue amounted to UAH 942.4 million, and its profit increased 4.7 times to UAH 87 million. The company is owned by Sergiy Dyadyushko, Stanislav Lugovskiy and Denys Melnyk.

“In times of war, we feel even more responsible to our customers and want to unite and support each other and our country. That is why we have been implementing social initiatives for four years now, when clients can take tests for 1 UAH and take care of their health,” emphasizes Eskulab.

The Smartlab network of laboratories has been steadily increasing its revenue from year to year. Over the year, the company’s revenue grew by 38% and reached UAH 1.17 billion. However, profitability is still significantly lower than before the start of full-scale operations. While the company had UAH 144 million in profit back then, in 2024 it had only UAH 27.7 million.

The Mother and Child clinic chain was included in the Index for the first time. In 2024, its revenue grew by 28% (to UAH 627.2 million), while its profit remained stable (UAH 36 million).

In times of challenges, we do the most important thing – we help Ukrainian families become parents. Our team of doctors changes people’s lives for the better every day. We not only develop, but also support those in need: as part of our social project “The Stork Will Come”, we help families who cannot use state IVF programs, and for the military we ensure the preservation of reproductive material,” the Mother and Child network comments.

Odrex Medical House is growing steadily and rises higher in the ranking every year. Last year, the company’s revenue increased by 36% to UAH 1.1 billion. Profit amounted to UAH 130.2 million, which is 1.5 times more than in 2023. The company is owned by Iryna Zaikova, Tigran Harutyunyan, Larysa Mysotska, and Yevhen Savytskyi.

“Over the past 2 years, our hospital has risen in the ranking by 2 steps and eventually entered the top five. For us, these are not just numbers – it is a confirmation that trust in us is growing and that we are on the right track. Since the beginning of the full-scale war, Odrex has paid more than UAH 345 million in taxes – we consider it our duty not only to provide quality services but also to support the country’s economy,” the Medical Home representatives note.

Who else was included in the 2025 Index:

  • CSD LAB laboratory network: UAH 857.8 million in revenue (+46% year-on-year) and UAH 44.9 million in profit.
  • Medicare International Group (Lisod, oncology clinic): UAH 659.9 million in revenue (+18% yoy) and UAH 39 million in profit.

https://opendatabot.ua/analytics/index-healthcare