Regina Maria private healthcare network gets EUR 15 M from EIB

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European Investment Bank (EIB) grants EUR 15 million to support the expansion of Regina Maria private healthcare network in Romania, a press release informs. This agreement is backed by the guarantee of the European Fund for Strategic Investments (EFSI).

“I appreciate very much that the EIB is supporting the development of

From left to right: EIB Vice-President A. McDowell and F. chreih, CEO of Regina Maria
From left to right: EIB Vice-President A. McDowell and F. Chreih, CEO of Regina Maria

medical infrastructure in Romania, with the renovation of two hospitals, as well as improved access to high quality healthcare services, this project will create around 2,000 jobs, providing a real improvement to the quality of life of Romanian citizens. This agreement was made possible by the support of the European Fund for Strategic Investments (EFSI), the central pillar of the European Commission’s Investment Plan for Europe, the so-called Juncker Plan,” Andrew McDowell, EIB Vice-President stated.

In turn, European Commissioner for Regional Policy Corina Cretu pointed out that EIB is playing an important role in supporting economic growth in Romania.

“With the backing of the European Commission’s Juncker Plan it can do even more. This agreement demonstrates the EU’s strong commitment to supporting crucial social infrastructure upgrades,” Cretu said.

Following this lending, Regina Maria would be able to upgrade and expand its network of outpatient and inpatient facilities mainly outside the capital city.

The project involves the extension and modernisation of the network through the construction and renovation of two hospitals and 15 outpatient centres, including polyclinics, laboratories and imaging centres.

“Through this partnership, our mid to long-term investment strategy will receive a boost and, moreover, signal the increased confidence placed in the Regina Maria brand,” Fady Chreih, the CEO of Regina Maria said.

In the past seven years, Regina Maria has made CAPEX investments of over EUR 70 million in expansion, modernisation and new technology acquisition.

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