Vamed ‘to invest €200mn in Romania’

Austrian health sector services provider Vamed AG is considering investing hundreds of millions of Euros in Romania, according to newspapers in the Eastern European (EE) country.

The online news platform Romanian Times cites local newspapers claiming that the Vienna-based firm is interested in spending 200 million Euros on projects in the country which joined the European Union (EU) in 2004.

Vamed could become engaged in the planning, construction and management of a new clinic in Romania, business press in the EE nation have reported.

Vamed manages hospitals and spas around the world. It achieved a turnover of 713 million Euros in 2010, up by 15 per cent compared to 2009. Its earnings before interest and taxes (Ebit) also jumped by 15 per cent to 41 million Euros. The company has more than 3,100 employees.