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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.

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.

Foreign Firms Contribute €3.5 Billion To Cyprus Economy In 2023

by THEFUTURE.TEAM
November 12, 2025

Recent Eurostat data reveals that Cyprus remains an outlier within the European Union, where foreign-controlled companies contribute minimally to the nation’s employment figures and economic output. While these enterprises have a substantial impact in other member states, in Cyprus they account for only 10 percent of all jobs, a figure comparable only to Italy and marginally higher than Greece’s 8 percent.

Employment Impact

The report highlights that foreign-controlled companies in Cyprus employ 32,119 individuals out of a total workforce that, across the EU, reaches 24,145,727. In contrast, countries such as Luxembourg boast a 45 percent job share in foreign-controlled firms, with Slovakia and the Czech Republic following closely at 28 percent.

Economic Output Analysis

In terms of economic contribution, these enterprises generated a total value added of €3.5 billion in Cyprus, a small fraction compared to the overall EU total of €2.39 trillion. Notably, Ireland leads with 71 percent of its value added stemming from foreign-controlled firms, followed by Luxembourg at 61 percent and Slovakia at 50 percent. On the lower end, France, Italy, Greece, and Germany exhibit values below 20 percent.

Domestic Versus Foreign Ownership

The data underscores Cyprus’s heavy reliance on domestically controlled enterprises for both employment and economic output. However, it is important to note that certain businesses might be owned by foreign nationals who have established companies under Cypriot jurisdiction. As a result, these firms are classified as domestically controlled despite having foreign ownership or management components.

Conclusion

This analysis emphasizes the unique role that foreign-controlled enterprises play within the Cypriot economy. While their overall impact is limited compared to some EU counterparts, the presence of these companies continues to contribute significantly to the island’s economic landscape.

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