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Hellenic Healthcare Group gains substantial stake in American Medical Center
11:14 - 12 June 2024
The American Medical Center (AMC) and Hellenic Healthcare Group (HHG) announced that they have entered a partnership agreement in the private healthcare sector, with the latter gaining a substantial stake in AMC’s share capital.
This new development is expected to significantly boost the healthcare services offered island-wide and contribute towards keeping the standard of these services high.
It is noted that more details will be revealed about the new partnership once the relevant approvals have been given.
Who is Hellenic Healthcare Group
HHG is the biggest healthcare provider in Greece. It was founded in 2018 with the aim of becoming a leader in medical and health care; a market with significant potential and prospects in the Greek market. HHG runs nine hospitals, two of which in Cyprus; namely, the Areteio and Apollonio private hospitals in Nicosia.
Supported by one of the biggest private equity firms
The HHG Group is supported by CVC Capital partners, one of the biggest private equity funds worldwide with a presence in three continents and 23 countries. It also has significant expertise in the hospital sector, particularly in the European south.
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