Private clinics attract over 80m euros in investments

Sheltered from the effects of the economic crisis, the main private clinic networks will invest over 80 million euros in expanding their networks over the next three years, according to data centralised by ZF. Companies such as Unirea Medical Centre (CMU), MedLife and Romar have decided to go ahead with investments and spend tens of million of euros. “For 2009, we have around 7 million euros available, out of the 20 million initially allocated last year. We have our own funding – cash resulting from two revenue sources for CMU, subscriptions and retail, then there are bank loans, but we don’t rule out attracting other, non-bank funding sources, as well,” said Sergiu Negut, executive manager of CMU. Another top ten player on the private clinics segment, Romar, plans to invest in eight new medical centres, with the necessary funding over the next three years estimated to amount to 30-40 million euros. In this case, the funding could be 60% accounted for by European funds allocated for regional development programmes, while the remaining 40% could be obtained from investment funds.