Cyprus
UPMC and Paphos Plantations Ltd. (PPL), a member of the Leptos Group, are collaborating to develop a world-class health care center in Paphos, Cyprus, designed to offer a wide range of medical services to both local residents and foreign visitors to this Mediterranean island. UPMC will manage a new 100-bed hospital and the existing 36-bed Iasis Hospital in Paphos. With its global expertise in providing clinical, technological, and hospital management services, UPMC will assist the new health complex in developing centers of excellence in such areas as oncology, transplantation, aesthetics, cardiology, orthopaedics, and minimally invasive surgery.
The new hospital, named Neapolis, to be completed in three to four years, will be an integral part of PPL’s mixed-use development. The project is expected to include a university, research center, office park, and luxury lifestyle housing, as well as retail, entertainment, cultural, and leisure facilities in one of the largest landscaped parks on the island. The 23-year partnership with UPMC will be the first health care venture for PPL.
Leptos believes that the new Neapolis health center will fill the need for more health care options in Cyprus and alleviate long wait times for many patients seeking specialized care. In addition, these facilities will be well-positioned to attract patients from throughout the Middle East and Europe as medical tourism grows throughout the region. UPMC’s services in Cyprus will include on-the-ground senior management for the hospitals, staff training, equipment procurement, and implementation of sophisticated information systems. UPMC expects to develop medical services that are now in short supply on the island, including comprehensive cancer services at Iasis Hospital. By leveraging its medical, technological, and management expertise, UPMC expects to generate revenue that it can reinvest in its health care and research mission at home and abroad.