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

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.

Eurobank Plans €1 Billion Investment In AI And Digital Banking By 2028

Eurobank plans to invest about €1 billion in technology from 2025 through 2028, its largest technology investment program to date. The Banking Forward strategy focuses on digital banking, artificial intelligence, customer experience and a “phygital” model combining digital services with face-to-face support.

Digital Banking Dominates Customer Activity

Digital channels already account for 96% of Eurobank transactions, with 61% completed through the Eurobank Mobile App. Among customers aged 35 and under, digital adoption reaches 94%.

Customers make about 574 million annual logins across e/m-banking and more than 1 million digital transactions each day. During the first half of 2026, one in three banking products was acquired digitally.

AI Moves Into Everyday Banking

Eurobank is expanding the use of AI through tools including EVA, its digital customer assistant, and myEVA, an AI-powered voice assistant for employees. The technology is also being applied to mortgage assessments, customer feedback analysis and contractual documents.

The bank’s technology architecture is built around five areas: digital channels, customer experience orchestration, data and AI, core banking, and infrastructure and cloud. About 50% of its applications and digital channels are already cloud-based.

Investment Extends Beyond Technology

The program is intended to reshape how Eurobank operates, combining automation and AI with employee development and human support. The bank says the approach is designed to improve services while maintaining access to face-to-face banking when customers need it.

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