Gral Medical shareholders want to invest in a hotel

Robert and Georgeta Șerban, owners of Gral Medical private clinic network, want to open a 100-bed hotel outside Bucharest in two years at the latest, for which they are willing to invest 6 or 7m euros.

“The project is linked to the healthcare business and I am going to find funding, but I am open for a partnership,” said Robert Șerban, without providing further information about the hotel.
He says the situation in the healthcare sector is not as easy as it may seem at first sight and that despite the high number of projects announced on the market, he has doubts about their being completed.
“(…) Small clinics, imaging centres, labs will close,” Șerban said.
The situation is the more obvious as starting as early as last year Gral has received 20 offers from small clinics, for their takeover, but Șerban stated he did not have the money needed for acquisitions.
On the other hand, investment funds are also interested in Șerban family’s business, and in 2010 they were invited to talks by five or six investors. Șerban values the business at 60m euros, but says he will not sell if somebody offers him this sum.