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University of Pittsburgh Medical Center to Manage New Health Center in Cyprus
Date:2/27/2009

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.

"With its long track record of success in managing international health care projects and its reputation as a health care leader and innovator, UPMC is a natural partner for us in this ambitious undertaking," said Michael Leptos, chairman of the Leptos Group. Leptos has more than 45 years of experience in real estate and tourism. "Despite the economic climate, we are confident that the new Neapolis health center will be a success, filling the need for more health care options in Cyprus and alleviating 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," he added.

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. "With our management of two cancer centers in Ireland and our recently announced plans to develop at least 25 more cancer centers throughout Europe and the Middle East with our partner, General Electric Company, patients in Cyprus can expect to benefit from our extensive network of treatment and research capabilities," said Charles Bogosta, president of UPMC's International and Commercial Services Division.

The new health center is expected to serve both public patients and those with private insurance. To help meet the demand for medical services, the government of Cyprus is moving forward with health insurance legislation that would further open the market to private hospitals.

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