Euromedic borrows another 30m euros

Euromedic, a company specialised in providing medical diagnosis services, expanded its 25m-euro credit line for investments from ING Bank by as much as 30m euros, according to data published in the Official Gazette. In late July 2005, the company signed another contract with ING Bank for a credit line worth 61m euros for acquisitions, 25m euros for capital expenditures and a revolving credit of 15m euros. Euromedic International is a Dutch company operating diagnosis and dialysis centres in Poland, Hungary, Romania, Bosnia and Herzegovina, Croatia, Greece, Turkey, the Czech Republic and Russia. This year, the company targets markets such as Italy, Portugal and Ireland, according to its website. In Romania, the company owns diagnosis and treatment centres in Bucharest, Arad, Constanta and Petrosani. Investments operated so far in Romania amount to 25 million dollars, according to the company’s website. The market of private medical services is put at around 200m euros and continues to be strongly concentrated in Bucharest.