DMK LT is a Lithuanian company which runs an international chain of skincare clinics, Revu Clinic, and it has just acquired the Medihub brand in Lithuania and Latvia, as well as Medihub and Medihub Group, which are the two companies which own the brand.
DMK LT says the two brands will continue to operate separately, adding that the newly established group will operate ten clinics in Vilnius, Klaipeda, Siauliai, Riga and Berlin.
The value of the transaction has not been disclosed.
“This consolidation will allow us to cut operating costs and to invest more actively in new products, services and staff development,” the Lithuanian company said in a statement.
CEO Vilma Viliusiene says that the acquisition is aimed at improving service quality while introducing the latest technologies and expanding the operation’s client base.
“With Medihub’s team of professionals and a significant market share, we will be able to afford to implement the latest technological solutions even faster whilst also bringing international experience to Lithuania,” says Viliusiene. “Economy of scale will allow us to develop levels of quality which satisfy the latest international standards.”
DMK LT’s most recent annual report, as filed with the Lithuanian Centre of Registers, shows that net profits last year shrank by 2.1 times to EUR 0.7 million from EUR 1.5 million in 2023, while sales revenues grew by 28% from EUR 4.2 million to EUR 5.4 million.
Medihub Group’s revenues grew by 2.4 times last year to EUR 5.2 million, the report indicated.
According to data from the Centre of Registers, Medihub Group owns 100% of Medihub. It also owns 100% of Medihub Services, which is a consultancy firm.
DMK LT is owned by Juranas Vilusi (34%), Viliusiene (33%), and Aneta Ambroziene (33%).
Source: BNS
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