Romanian Gral Medical aims for higher turnover while targeting patients from neighbor countries

Romanian private healthcare operator Gral Medical, which aims for a 23 percent year-on-year growth in its business this year, wants to provide oncology care services to patients in neighboring countries. The company targets a EUR 18.5 million turnover this year, with growth most likely fueled by the retail segment, which doubled year-on-year in the last years.

“We will offer European level oncology services, this is why we took into account offering oncology services to patients in neighboring countries. At this moment we could not cover a higher influx of patients, but the medical tourism project will include the opening of the second radiotherapy center,” said Robert Serban, shareholder in Gral Medical. Gral Medical saw its turnover up last year by 20 percent compared to 2010, to EUR 15 million. It was the year when it invested EUR 1 million in modernizing its existing clinics and labs. With a current network of 14 clinics across Romania, Gral Medical hopes to finalize a EUR 30 million greenfield hospital in 2013. The company, set up in 2006, rules out mergers and acquisitions this year. editor@romania-insider.com (photo source: the company)