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UPMC forges partnership to bring world-class health care to Cyprus

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May 2009

UPMC forges partnership to bring world-class health care to Cyprus

Cyprus-IasisExpanding on our accomplishments overseas, UPMC has committed to developing a world-class health care complex in Cyprus in collaboration with one of that country’s largest real estate development companies.

As part of a 23-year agreement signed in February with Paphos Plantations Ltd. (PPL), a member of the Leptos Group, UPMC will manage the 36-bed Iasis Hospital in Paphos, and a new 100-bed hospital to be built there. The facility will offer services in oncology, transplantation, cardiology, orthopaedics, minimally invasive surgery, and aesthetic surgery.

“Patients in Cyprus and throughout the region will benefit from our global health enterprise as it engages the best physicians, nurses, and scientists worldwide,” said Jeffrey A. Romoff, UPMC president and chief executive officer. Construction is expected to begin at the end of 2009.

This hospital project will fill a pressing need for more health care options in Cyprus, alleviate long wait times for patients seeking specialized care, and attract patients from throughout the Middle East and Europe as medical tourism grows in the region.

“Geographically, the region is strategically important because people from Europe and the Middle East are comfortable traveling there,” said Chuck Bogosta, president of UPMC’s International and Commercial Services Division.

The new UPMC health care complex will be an integral part of a development that will bring a university, research center, office park, and a luxury housing complex, along with retail, entertainment, cultural, and leisure facilities to the area.

By leveraging our medical technology and management expertise through collaborations such as the Cyprus development, we expect to generate revenue for reinvestment in our missions at home and abroad.

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