Cash injection for medical group sweetens profits pill

Private medical clinic operator Swissmed SA is expecting approval for its IPO at the Securities and Stock Exchange Commission (KPWiG) meeting on August 10th. Gdańsk-based Swissmed said earlier it would seek more than zł. 15 million from stock sales, which would start next month. "We want to make our IPO as soon as possible, preferably in early September, in order to avoid going up against other big IPOs planned this autumn," said Swissmed's chief executive Roman Walasiński. Swissmed is expected to close the year with a loss, but it hopes to start earning early next year. The firm plans to plough the IPO cash injection into development of its franchising network. (Parkiet, pp.1,5) J.J.