August 24 (SeeNews) - Romanian private healthcare services provider Regina Maria said on Wednesday it has invested 1.7 million euro ($1.9 million) in a medical campus in Targu Mures, in the north-central part of Romania.
The campus, which is Regina Maria's first investment in Targu Mures, spreads on 900 sq m and includes 14 medical offices, the health provider said in a press release. With a staff of 22 doctors, it will provide services in more than 15 medical specialities.
In the last eight years, Regina Maria allocated a large part of its investments to the central area of Romania and mostly in Brasov and Cluj counties.
"In those two counties alone Regina Maria had 260,000 patients during the last year, meaning more than 20% of the total number of patients," the company's CEO Fady Chreih said.
In June, Regina Maria invested 0.7 million euro in its second polyclinic in the southern city of Pitesti, in Arges county, aiming to serve over 29,000 local clients.
In April, it took over Helios medical centre, based in the southern city of Craiova, for an undisclosed sum. At the time, it said it plans to invest 1 million euro in the centre's imaging services this year.
Earlier this year, Regina Maria said it has invested 2 million euro in an imaging centre in its hospital in Bucharest.
In March, Regina Maria bought Bucharest-based private hospital Ponderas, which specializes in metabolic surgery and announced a 15 million euro investment in its first hospital in Cluj-Napoca, in central Romania. The hospital, Regina Maria's biggest investment outside the capital Bucharest, will open in the first half of next year.
In November, Romania's competition council approved the acquisition of Regina Maria by investment fund Mep Capital. Sources close to the transaction have told local media that it probably tops 100 million euro.
Mep Capital Investments is part of the investment fund Mid Europa Partners which is focused on investments in Central and Eastern Europe and Turkey.
Regina Maria was founded in 1995 under the name of CMU. In 2010 it merged with Euroclinic, part of Dutch-based financial services group Eureko, and changed its name. Currently, it operates 22 polyclinics, four hospitals, five medical campuses and 180 clinics in Bucharest, Cluj, Brasov, Constanta, Bacau and Pitesti, according to data published on its website.
($=0.8826 euro)