Medicover expands in the diagnostic services sector

Agnieszka Szpara, president of Medicover in Poland, announced that the firm will spend at least zł.35 million on developing its presence on the domestic market over the next two years. "Zł.25 million will be obtained from our parent company. The remainder will be generated from our own sources. We will develop in the diagnostic sector through acquisitions," said Szpara. Medicover will soon own a hospital in Poland, but currently it is considering whether to construct its own hospital or to buy an existing one. The decision will be made by the end of the year and the investment is likely to consume zł.30-50 million. In 2004 the Polish subsidiary generated 60% of the EUR 43 million revenues of Medicover in four countries. (Puls Biznesu, pp. 1, 9) M.M.