Herceg Novi (MINA-BUSINESS) - The management of the Simo Milosevic health institute in Igalo has said it expected to have a 550,000 euros loss in 2002 although the number of visitors was expected to rise 20 percent on 2001. Its loss in 2001 was 2.8 million euros. Because of the planned loss, the institute#s shareholders have decided to sell part of its land to municipal authorities, where a new school would be built, chairman of the shareholders# assembly Milan Pavlovic said. The institute expects average capacity utilisation at around 40 percent and plans revenue of some 6.5 million euros.