The Dr Simo Milošević Institute, a rehabilitation institution in Igalo, Montenegro, recorded approximately €3.8 million in profit during the first nine months of 2026, according to its results. The recovery followed a restructuring programme and additional capital from shareholders, while the institute continues to prepare investment in its facilities.
Approximately 10,982 patients used its services in the period, compared with 10,540 in the corresponding period of 2025. Overnight stays rose by approximately 5% to 143,000, reflecting activity at an institution that combines rehabilitation services with tourism-related accommodation.
Earlier in 2026, the Government of Montenegro and private shareholder Vila Oliva provided approximately €21.4 million in additional capital. The government contributed approximately €14 million and Vila Oliva approximately €7 million; the difference between those components and the reported total is attributable to rounding.
The capital injection enabled the institute to settle much of its historical debt and begin preparing new investments. Accumulated losses declined to approximately €18 million, although substantial long-term investment and maintenance requirements remain.
Approximately two-thirds of reported overnight stays were associated with patients covered by Montenegro’s national health insurance fund. This public system provides a substantial share of the institute’s demand, linking its operating performance to public healthcare financing arrangements.
The institute is preparing improvements to accommodation facilities and technical infrastructure, including roof reconstruction and equipment upgrades. Management has identified a preferred contractor for the roof works, but discussions are continuing over construction methods suitable for the winter months.
A preferred contractor does not mean that all planned renovations are complete or that the full investment programme is financed. The institute still needs to carry out capital work on ageing buildings and healthcare infrastructure while improving accommodation quality and maintaining its role in Montenegro’s rehabilitation system.
