- C. Management of Medical Center Plc (MMC) has signed an exclusive, binding agreement with Hadassah Medical Ltd, of Israel, for the management of the Hadassah Health Park (HHP) in Nicosia Cyprus. The essence of the Agreement is to offer world-class medical services, focused on clinical excellence, in state-of-the-art facilities catering to the needs of both the local and regional market.
- Concurrently, MMC has signed a 20-year, build and lease agreement with Plaza Exclusive Projects (P.E.P) Plc for the construction and delivery of five medical buildings as warm-shell, by 2024. They will include, a 266-room Inpatient Hospital; an Oncology Center; a 90-room Rehabilitation Center and two Outpatient buildings with 89 daycare positions.
- HHP will be medically organized in several Centers of Excellence in Oncology/Hematology, Neuroscience/Neurosurgery, Cardio-Vascular & Thoracic surgery , Preventive Medicine and Physical Medicine, Rehabilitation and Specialty Clinics in areas such as, Orthopedics, OBG, Pediatrics, Internal Medicine, Ophthalmology and others.
- As a prelude to the entry of Hadassah in the Cyprus healthcare market, MMC will open a 2,000 m², Hadassah Diagnostic Center in Limassol, by 2021, offering full diagnostic services.
- Cyprus was chosen because it offers high quality human resources; lower cost structure compared to most EU countries; wide market reach for regional patients who cannot visit Israel and fast-growing local healthcare market due to the introduction of the National Health System (GESY)
- In support of the medical business, this unique Mixed Used project developed by PEP includes a 910-car underground parking lot, retail and F&B areas, a 78-room Condo-Hotel for the accommodation of patients’ families, and 210 apartments for sale, as well as beautiful designed landscaped areas, filled with trees, water features and parks with pedestrian and cycle routes.