Romanian private health services provider Gral Medical has opened its first hospital in Bucharest, following an investment of EUR 7 million.

From the total amount, about EUR 2.8 million was allocated in 2013, reads a statement of the company.

The OncoFort hospital is built on a surface of 5,000 sqm and has a capacity of 50 beds. However, in the first year of activity, the company plans to double the hospital’s capacity.

Also, the new unit is expected to generate revenues of EUR 4 million in the first year of operations.

Gral Medical recorded a turnover of around EUR 17 million (RON 75 million) in 2012, a year-on-year increase of 17 percent.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Sxc.hu)