Medical company ARS starts the construction of the first private multi-profile hospital in Latvia

Posted: 01-10-2014

Renovation work will begin already in October at the former Red Cross hospital at Jāņa Asara iela 3 in Riga where the new Early Cancer Diagnostics and Personalized Medicine Centre of Medical company ARS will open in Spring 2015.  The total investment of more than five million euro has been earmarked for the establishment of the centre.

The result of this project will be the first private multi-profile hospital established in Latvia since the restoration of independence. Patients will benefit from high standards of medical care and a wide range of hospital services.

Reconstruction work is expected to take place in three stages. First, the façade building of the hospital will undergo renovation. Within the coming months, the load bearing structures will be replaced in all floors and the 750 m2 ground floor will become fully functional. In spring, the Early Cancer Diagnostics and Personalized Medicine Centre will open there. It will be equipped with state-of-the-art diagnostic equipment that will allow the patients to be examined at the thorough level hitherto unavailable in Latvia.

The next stages will involve the construction of a surgery unit as well as out-patient and in-patient wards.

"After diligent work of several years, prolonged both by the economic situation in the country and the unique status of the building and its technically complicated structure, we have finally reached the construction stage. We are expecting the first stage of construction to last for five months and are planning to invite the first patients to the newly established state-of-the art Early Cancer Diagnostic and Personalized Medicine Centre as early as April 2015," said Māris Andersons, Chairman of the Board of the Medical company ARS.

Carrying out the first stage of the project will involve an investment of 6.5 million euro of which 2.7 million euro will be earmarked for construction and 3.8 million for purchasing medical and other equipment. The project is being financed by A/S Swedbank, and co-financing in the amount of 1.28 million euro has been attracted for the purchases of equipment from the European Regional Development Fund programme "High Added Value Investments" administered by the Latvian Investment and Development Agency with the support from the Latvian Guarantee Agency.

"We are convinced that with the opening of the new hospital we will manage to promote medical exports. Moreover, the state-of-the-art equipment of the new hospital will allow us not only to expand the range of services but also considerably improve the possibilities for the professional growth of doctors, so that they can provide the kind of medical services that up to now have been unavailable in Latvia," Mr. Andersons emphasizes.