HHG strengthens presence in Cyprus with acquisition of Evangelismos Private Hospital in Paphos

The Hellenic Healthcare Group (HHG)—Greece’s largest private hospital network and now majority-owned by Abu Dhabi-based PureHealth—is continuing its dynamic expansion in Cyprus, firmly establishing itself as one of the key players in the provision of private healthcare services on the island.

HHG's entry into the Cypriot market began with the acquisition of Apollonion Private Hospital in Nicosia, followed by the purchase of Aretaeio Hospital and a significant 50% stake in the American Medical Center (AMC). It also acquired Gialletto Ltd, a company active in radiology and related services.

In what is seen as another vote of confidence in Cyprus’ healthcare sector, HHG appears set to further expand its local footprint through the acquisition of Evangelismos Private Hospital in Paphos. According to publicly available information, a deal has been reached and signed between the two parties, transferring full ownership of the hospital’s share capital to HHG.

The transaction—pending approval by Cyprus’ Commission for the Protection of Competition—is expected to significantly bolster HHG’s presence in the country and marks yet another strategic investment that underscores the strong potential of the local healthcare sector.

It is worth noting that in January 2025, 60% of HHG was acquired by PureHealth, a leading UAE healthcare group controlled by Abu Dhabi’s sovereign wealth fund, ADQ. The remaining 35% of HHG remains with CVC Capital Partners, while the Greek founder of the group retains a 5% stake.

As for its newest addition in Cyprus, Evangelismos Hospital in Paphos offers a wide range of clinical and diagnostic services. It has also established regional primary care clinics throughout the Paphos district. The hospital is equipped with intensive and short-stay units, an oncology department, and a 24-hour cardiology clinic featuring continuous patient monitoring and a centralised system for electrocardiogram and vital signs tracking.

(Source: InBusiness News)