Hygeia’s turnover is soaring

Listed healthcare group Hygeia saw its three-quarter profit rise by just 18 percent annually, due to its expansion abroad, it announced yesterday. Net profit reached 10.5 million euros, while the expansion of the group, which is majority-owned by Marfin Investment Group, has resulted in a group turnover increase of 147.5 percent, to 202.8 million euros. Hygeia has acquired maternity clinic Mitera and two hospitals in Cyprus in the last year, as well as a 50 percent stake in a hospital group in Turkey. It is also planning to expand into the Balkans. «The group’s organic growth is not directly affected by the international economic crisis,» Hygeia stated in a press release. «The board will soon have to decide on the best possible capital restructuring for the group under the current conditions, always taking into account the interests of our shareholders,» stated Hygeia’s vice president, Andreas Vgenopoulos.