CMU to add new shareholder, plans EUR 10 mln surgery hospital

Centrul Medical Unirea (CMU) will welcome a new investment fund among its shareholders, in a deal estimated by the company at several tens of millions of euros. CMU will also invest EUR 10 million in a greenfield surgery hospital in Bucharest, out of a total EUR 20 million budget. The hospital will be opened mid-2011.

“We continue to negotiate with local operators for possible acquisitions in bigger Romanian cities. As we have done before, we will finance the expansion from our own funds and from loans, plus funds given by our investors,” said Sergiu Negut, deputy general manager of CMU. The firm has yet to announce the name of the investor which will buy into the company.

The medical group posted a turnover of EUR 16.4 million last year, up 72 percent on the previous year, it has announced. The biggest investment of 2009 was the EUR 5.5 million cash injection into the Regina Maria maternity hospital, which was opened in December 2008. The hospital’s activities contributed EUR 2.2 million last year to CMU’s sales. The private healthcare operator is opening new medical centers in Bucharest and in Constanta, Cluj-Napoca and Ploiesti. It has acquired a stake in local operator CIM Bacau, in a EUR 1 million investment. CMU also opened a stem cell bank.

Corina Saceanu

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