Hadassah Hospital Establishes Medical Center in Cyprus
Translated & summarized from Globes by baba
Hadassah Hospital has launched a new medical center in Limassol, Cyprus, in partnership with local entrepreneurs, marking the first time an Israeli hospital has branded a foreign facility. The initiative aims to strengthen Israel-Cyprus relations and potentially revive medical tourism. This expansion could also improve Hadassah's financial standing after recent difficulties. President Yitzhak Herzog hailed the opening as a significant new chapter in bilateral cooperation.
The story in 6 lines · by baba
- Hadassah Hospital opened a new medical center in Limassol, Cyprus, in partnership with local entrepreneurs.
- This is the first time an Israeli hospital has lent its name to establish a medical center abroad.
- The initiative aims to strengthen Israel-Cyprus relations and potentially boost medical tourism.
- The partnership involves Hadassah providing expertise and training, while Cypriots fund and operate the center.
- The move could enhance Hadassah's prestige and financial situation after recent economic challenges.
- Israeli President Yitzhak Herzog called the opening a new chapter in Israel-Cyprus partnership.
Hadassah Hospital has announced the establishment of a new medical center in Limassol, Cyprus, with plans to open another facility in the Nicosia area. This initiative is a partnership with a Cypriot entrepreneur group, where Hadassah contributes its name, training, and medical staff consultation, while the Cypriot partners provide the capital and operational management. The medical center will employ Cypriot doctors.
This venture marks the first time an Israeli hospital has lent its name to establish a medical center abroad. While Sheba Medical Center has expanded internationally through its ARC innovation company, it has not involved branding foreign facilities with the Sheba name. Hadassah's move aligns with its ongoing expansion within Israel, including new centers in Be'er Sheva, Ramat Gan, and Netivot.
The partnership is expected to strengthen Israel-Cyprus relations and potentially boost medical tourism from Cyprus to Israel, which has been significantly impacted since the recent war. Hadassah anticipates business profits from this operation, though the specifics were not disclosed.
This international expansion may also enhance Hadassah's prestige and financial standing, particularly after facing economic difficulties in recent years, including a cash flow crisis in early 2024. The hospital's move comes as its Jerusalem competitor, Shaare Zedek Medical Center, has been expanding and receiving significant donations.
According to Hadassah, the establishment of this network is part of the strengthening ties between Israel and Cyprus, adding healthcare to existing collaborations in energy, security, economy, innovation, research, and tourism. Israeli President Yitzhak Herzog described the opening as a new chapter in the bilateral partnership, symbolizing a bridge between the two nations. Hadassah Director-General Prof. Yoram Weiss stated that the hospital believes medical accessibility should extend beyond its own walls to wherever it can improve, heal, and save lives.
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