The Diagnostic & Therapeutic Center of Athens - HYGEIA S.A. announces the acquisition of a 56.7% stake of the share capital of Chryssafiliotissa Public Ltd who owns the ACHILLEION Hospital located in Limassol, Cyprus. ACHILLEION Hospital is a modern, private hospital built in 2004, with a building of 7,000 square meters, consisting of 86 inpatient beds (mainly suites and private rooms), 8 operating theatres, 5 labor & delivery rooms, an Intensive Care Unit, a Step-Down Unit, and significant diagnostic capability to include clinical laboratories, CT-Scan, MRI, etc. The hospital offers a wide range of medical specialties, including maternity and gynecology, and over 120 cooperating physicians. Achilleion Hospital also owns 100% of Limassol Medical Centre Achilleion ltd.
The acquisition price agreed to is CY£ 8,266,756. The agreement will be concluded following the satisfactory completion of legal and financial due diligence exercise, as well as, obtaining the necessary regulatory approval by the Anti-Trust Commission of Cyprus. The acquisition of a hospital in Cyprus is in the scope of HYGEIA's rapidly materializing expansion strategy calling for it to create the Region's largest integrated healthcare services group in Southeastern Europe.