Albania’s largest private hospital acquires key Greek rival

TIRANA, Aug. 24 – Albania’s largest private hospital has consolidated its position in the Albanian private healthcare system by fully acquiring its key rival. Greece-based Hygeia Group says it has sold its loss-making Albania unit to the American Hospital of Albania after almost a decade of accumulated debts. The sale operation comes eight years after Hygeia launched its Tirana hospital, a €60 million initial investment facility offering all kind of medical and surgery services. The Hygeia Group says the sale was concluded for €1 million, with the buyer having committed to pay off about €30 million in long-term loans that…