GC MediAI Posts KRW 12.1 Billion Operating Profit in First Nine Months, Up 165.9% YoY

Higher fees from Ddokdak and indemnity health insurance claim integrations, along with improved subsidiary earnings, drive profit growth

GC MediAI said on the 9th that it recorded consolidated revenue of KRW 154.1 billion and operating profit of KRW 12.1 billion for the first nine months of the year. Revenue rose 6.5% and operating profit increased 165.9% from the same period a year earlier.

By business segment, growth in the Medical Infrastructure segment was driven by sales of supplementary solutions based on electronic medical records (EMRs) for hospitals, clinics and pharmacies, as well as an increase in average spending per customer. The Data and Marketing segment grew on higher sales of supplementary services related to UBIST, a service that analyzes prescription data for pharmaceuticals.

GC MediAI corporate logo image. GC MediAI

In the Commerce segment, brokerage transactions and orders for pharmaceuticals and medical supplies increased, led by Misomall.com, a platform exclusively for medical institutions. In the Platform segment, revenue from the patient platform Ddokdak and integration fees related to indemnity health insurance claims increased. Revenue also reflected the impact of consolidating VIVROS, the operator of Ddokdak.

The increase in operating profit resulted from a combination of higher revenue in core businesses, cost management and improved earnings at subsidiaries. In particular, Cretem, a specialist in automated pharmaceutical dispensing machines, contributed to the increase in consolidated operating profit by improving its cost structure and expanding overseas sales.

GC MediAI plans to focus on developing a business model for medical operations systems based on its existing businesses. It will expand its customer base for Uisarang AI, an artificial intelligence (AI) medical care solution launched in August, and prepare to develop and commercialize a cloud-based EMR, with a target launch in 2027. The company also plans to expand integrations with external services in the pharmaceutical, financial, insurance and medical device sectors.

Kim Jintae, CEO of GC MediAI, said, "Growth in our core businesses and improved earnings at our subsidiaries were reflected in our third-quarter results. For the remainder of the year, we will continue to focus on expanding Uisarang AI, preparing to launch our cloud-based EMR and broadening integrations with external services to strengthen the competitiveness of our Medical OS-based business."

This content was produced with the assistance of AI translation services.