The Montenegrin government sold its 56.48-percent stake in the Dr. Simo Milosevic Institute of Physical Medicine, Rehabilitation and Rheumatology to the London-based International Wellness Group for more than €10m. IWG has agreed to invest at least €50m into the institute, including €10m for new medical equipment, over the next five years. The institute is located in Igalo, a small town located in the municipality of Herceg Novi.
