The hospital will have some 150-250 beds and it will span over 5,000 sqm.

Manoiu added the unit will be complete by the end of 2012.

The company currently holds 16 labs and five medical centers. The medical units serve some 5,000 clients daily.

The group has some 500 employees and it is collaborating with some 1,000 doctors.

In the beginning of the year, Romgermed expected sales to rise 40% in 2011, from EUR14 million in 2010.

The group is 95% owned by Dorian Sam Schwartz, while Filip Florin Schwartz holds a 5% stake.