Swissmed gets EU grant for cardiac surgery equipment

2010-07-13

Swissmed, the listed healthcare group, announced that it has received an EU investment grant of just under PLN 0.8m (€0.2m) from the government of the Pomorskie voivodship. The money will be spent to help finance new equipment for Swissmed’s cardiac surgery ward, under an ongoing investment project initiated in September 2009 and due to be completed by the end of this year. The grant represents 25.76% of the total eligible cost of the investment, i.e. about PLN 3.1m (€0.8m).
At the same time, Swissmed said that another EU grant for the modernisation of its radiology facilities, announced in June, has been cancelled.
Meanwhile, on 9 July it emerged that Prokom Investments, the investment vehicle of billionaire investor Ryszard Krauze, raised its stake Swissmed above 5%, to 5.24%, sending its shares up by 14% on the Warsaw bourse.