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Hygeia Enjoys Strong Liquidity, Plans Acquisitions

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Hygeia disposes of 239 million euro in order to achieve its goal of becoming the biggest health services provider in Southeast Europe. This sum may be boosted by a 200 million euro common bond loan which has been approved by the shareholders meeting and will be issued in case market conditions become favourable.

 

Hygeia currently focuses on two projects: The acquisition of a hospital in Nicosia and the establishment of a diagnostic centre in Athens.

 

Sources say that Hygeia is in advanced talks with a hospital in the Cypriot capital and a deal may be reached as early as next month. The company already owns hospitals in Limassol and Paphos.

 

The Council of State ruled that a recent presidential decree abolishing restrictions to the creation of diagnostic centres is be conform to the Constitution. Under previous legislation, doctors had to own at least 51% of such centres.

 

Hygeia has looked into several properties to the north-east of Athens which could house its diagnostic centre.

 

Thanassis Papadis

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