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Ygia Group Solidifies Its Position as Cyprus’ Largest Private Healthcare Provider with Eden Acquisition

by THEFUTURE.TEAM

July 17, 2025

Strategic Expansion in Health Infrastructure

The Ygia Group has completed its acquisition of Eden Medical Center, marking a significant step forward in its long-term strategy to expand health infrastructure across Cyprus and the broader Mediterranean region. With this move, Ygia now stands as the largest private provider of inpatient care in Cyprus, boasting more than 270 beds, and further reinforcing its reputation as a leader in patient-centered healthcare.

Integrated Healthcare Excellence

The acquisition follows a rigorous approval process by the Commission for the Protection of Competition, ensuring that Ygia Hospital, already the largest private hospital in Cyprus and fully integrated into the General Healthcare System (GeSY), continues to set high standards of medical service. Eden Medical Center, established in 2018 in Larnaca, is renowned for its comprehensive rehabilitation and palliative care services. These services address a wide range of medical conditions—from post-operative recovery to chronic illnesses—highlighting the center’s commitment to enhancing patient quality of life and dignified care.

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Leadership Vision and Strategic Commitment

Savvas Liassis, Chairman of the Board of Directors of ECM Partners and the Ygia Group, emphasized that this acquisition is a critical milestone. “With this acquisition, ECM Partners, which holds over 90 percent of the Ygia Group, marks another important milestone in its long-term strategy to invest in health infrastructure in Cyprus and the wider region,” Liassis remarked. He further noted that Eden’s strong reputation in specialized care aligns seamlessly with Ygia’s vision of an integrated, patient-centric healthcare system. This strategic expansion supports a continued commitment to building resilient, accessible, and future-ready health systems across Southeastern Europe.

Expanding Comprehensive Care

Polyvios Dionysiou, CEO of Ygia, added, “Today we are pleased to announce the acquisition of Eden Medical Center by Ygia Hospital. This strategic move further strengthens our commitment to providing comprehensive and continuous healthcare, covering and coordinating the entire spectrum from hospital treatment to rehabilitation and eventual reintegration into daily life.” With Eden now a pivotal part of its network, Ygia ensures that patients benefit from consistently high standards of care and a holistic approach towards medical treatment and recovery.

Strengthening the Regional Healthcare Landscape

Founded in 1983 in Limassol, Ygia Hospital has consistently set benchmarks in healthcare with 560 staff members, 180 doctors, and a broad array of medical services including specialized diagnostic departments, accident and emergency units, and intensive care facilities. ECM Partners, with its extensive portfolio in Central and Southeastern Europe, continues to reinforce its strong market presence, following prior strategic investments in pharmaceutical and biotechnology sectors. This acquisition not only cements Ygia Group’s leadership in private healthcare but also underscores its role as a major force in elevating the region’s health standards.

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Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

by THEFUTURE.TEAM

September 12, 2025

Investing In Human Capital

In a bold move that underscores the growing importance of human capital in today’s business landscape, Sklavenitis Cyprus has taken innovative steps to ensure its workforce is both valued and supported. The supermarket chain has introduced a policy to pay a 14th salary to all employees—including those from Papantoniou Supermarkets—cementing its status as the sole retailer in Cyprus to implement such a comprehensive benefit.

A Significant Investment In People

This initiative is far from symbolic. With an estimated total cost of €2 million, it represents a committed investment in the company’s most valuable asset—its people. By providing an additional salary, Sklavenitis reinforces a culture of inclusivity and fairness, acknowledging every employee’s contribution to its success.

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Robust Benefits For Long-Term Stability

Complementary to the 14th salary, the company has launched a robust benefits program designed to address both financial and personal security. An Automatic Cost of Living Adjustment (ATA) of 12.56 per cent ensures that wages remain aligned with inflation, safeguarding real income stability for its team members.

Comprehensive Health And Life Support

Sklavenitis further enhances employee welfare through access to a Group Life and Health Insurance Plan and a Provident Fund co-funded by the employer. These measures not only provide immediate protection but also empower employees to plan confidently for the future.

Exclusive Perks And Incentives

The company extends its commitment beyond conventional benefits by offering store discounts, a birth allowance, and holiday gift vouchers valued at €100 during both Easter and Christmas. These additional perks enhance employee satisfaction and underline Sklavenitis’ people-first ethos.

A Strategy For Mutual Success

In an industry where employee engagement directly impacts customer satisfaction, Sklavenitis’ comprehensive approach stands out as both a progressive and strategic business decision. By investing in its workforce, the company not only nurtures a supportive workplace but also drives superior corporate performance, setting a new benchmark for responsible employment practices in Cyprus.