ECONOMY

Hygeia Hospital opens a unit in Albania

The Hygeia Hospital has completed one of the biggest private health investments in Albania with the opening yesterday of the Hygeia Hospital Tirana, amounting to 60 million euros. The new hospital is the most modern private unit in the Balkan country, with its inauguration taking place in the presence of Albanian Prime Minister Sali Berisha. The project was implemented by Greek construction company GEK-Terna, after starting off in 2008. According to statements by the new hospital’s administration, the institution will have positive earnings before interest, tax, depreciation and amortization in 2011. Its target is to have an occupancy rate of over 45 percent, which represents a turnover of 17 million euros, while its rates will be 50 percent cheaper than those in Greece. The hospital, in the area of Kashar in Tirana, has an initial capacity of 120 beds and boasts a general unit, a pediatrics clinic and a maternity ward. When fully developed, it will have 220 beds, 12 operating rooms and 16 intensive-care beds.