Euromedica SA announces to its shareholders and investors that it has acquired the remaining 50% stake in AROGI SA, in which it had already acquired a 50% stake in April 2007.
AROGI SA participates with 50% in the company APOKATASTASI SA, the remaining 50% of which was also acquired by Euromedica SA in April 2007. AROGI SA and APOKATASTASI SA run inpatient and outpatient rehabilitation centres, with a capacity of 122 beds, in privately owned facilities featuring a complex of four buildings that cover an area of 9,150 sqm, developed in a total of 9 acres in Larissa.
The price for the acquisition of 50% of AROGI SA amounted to 7.3 million Euros.
Besides the above two rehabilitation centres in the region of Larissa, Euromedica group also operates an outpatient center in the same area (Asklipeio), and is soon to operate facilities in the rehabilitation & recovery sector in six other cities (Athens, Thessaloniki, Patras, Kavala, Karditsa and Kozani), with an equal number of units, which are currently been constructed in collaboration with doctors. The company's goal is to provide quality rehabilitation & recovery services on a nationwide scale, benefiting the entire Greek population, part of which is currently seeking similar services abroad. In the wider health sector, Euromedica group operates in 25 cities in Greece and 5 in Albania with a total of 84 units: 18 hospitals, 57 medical centres and 9 recovery and rehabilitation centres.