Conversion of the IMC Building into the largest, state-of-the-art,
fully accredited private hospital in Cyprus
INTRODUCTION
Vivant Medical Investments PLC (VMI), is pleased to announce the launch of a new project that aims to develop the largest and most advanced, fully accredited, university hospital in Cyprus, which will seriously upgrade the quality of medical services in the country.
This new state-of-the-art Medical Center shall offer a continuum of care, through its advanced clinic facilities and innovative medical services, under the leadership of a team of internationally reputable health care providers and medical scientists.
The project is being promoted by the Kaisis Group, through its subsidiaries Fortune Health Resorts Ltd and C.D.F.C. Commercial and Development Finance Company Ltd, in association with the Supreme Council of AHEPA and in cooperation with international and local investors and healthcare operators and specialists.
Following a strategic cooperation agreement with the Supreme Council of AHEPA the new hospital will be named University Hospital AHEPA Cyprus and will be operating in full collaboration with the AHEPA University Hospital of Thessaloniki.
The strategic cooperation agreement with the Supreme Council of AHEPA, gives access to the new hospital to the global network of AHEPA Health Care Professionals, including Doctors, Academics, Medical Researchers and other professionals related to the health sector from all over the world. University Hospital AHEPA Cyprus can utilize these resources and have access to the latest knowledge in medicine and consequently offer upgraded services to its patient.
The full collaboration with a “mature” University Hospital like the AHEPA Thessalonikis, shall create tremendous synergies and benefits for both hospitals, which will collaborate in the clinical, academic and educational fields.
LOCATED AT THE ICONIC IMC BUILDING
This World Class Medical and Research Centre, will be housed at the IMC building, an 18,000m2 landmark building at the entrance of Nicosia.
FINANCING OF THE PROJECT
The total investment required for the project has been estimated at €80 Euro, €40 million of which coming from equity and €40 million via a loan.
UNIVERSITY HOSPITAL AND MULTIDISCIPLINARY CLINICAL RESEARCH CENTRE
The project promoters are committed to establish a state-of-the-art Hospital which will simultaneously operate as a multidisciplinary center for clinical research, recognized by Medical Schools and healthcare providers in Cyprus and Overseas as a training center for doctors, conducting their specialization in various medical disciplines.
MEDICAL SERVICES
In summary, the new hospital shall offer various inpatient and outpatient medical services including:
The Hospital shall be equipped with Medical and Diagnostic Equipment of the highest technological standards and shall run the most advanced and strict operational protocols, with the objective of becoming the first fully accredited hospital in Cyprus operating exclusively within the General Health System (GHS).
ACCREDITATION
The decision of the project promoters is to fully accredit the new hospital from the first day of operations. To that effect they have selected the leading organisation from the United States “The Joint Commission International” to act as the overall consultants of the project at all stages starting from the initial layout plans to full accreditation including all operational protocols. (www.jointcommissioninternational.org).
Accreditation will not only establish that the new hospital will operate with the strictest of protocols but it will also enable Cyprus to enter the market of Medical Tourism, of which accreditation is a necessary prerequisite.
UNIVERSITY HOSPITAL
The Hospital shall cooperate with Medical Schools, with the aim of becoming the first private “University Hospital” in Cyprus. In this respect, the project promoters are already in contact with Medical Schools based in Cyprus, which are seeking high quality hospitals to host their students for their clinical education and training during years 3-6 of their studies and, thereafter, for their specialization.
In addition, the Hospital shall be able to facilitate the training of a number of nursing students, as most of the Universities require this facilitation as part of their nursing programs.
The existence of a University Hospital in Cyprus shall also lead to the upgrading of the services offered, as University Professors may be appointed as clinical managers, depending on the specialization, and shall contribute to the further development and competitive edge of the hospital.
RESEARCH CENTER
The Hospital shall encourage research into specific areas of healthcare and shall be the first to establish an inhouse research center, aiming at the development of spinouts and the creation of MedTech and biotech companies. This shall also contribute significantly towards securing participation in clinical studies and research programs, expanding on research excellence and state-of-the-art medical infrastructure.
DIGITAL SMART HOSPITAL
One of the key attributes of the new Hospital shall be its focus on developing a digital smart hospital fit-for-the-future operational environment. The Hospital shall focus on the creation of a patient-centric and data driven in-house health system. It shall invest in the use of smart devices and connected systems for digitally enabled care of patients that shall fully support the establishment of a digital health unit. The Hospital shall have its own data center and a software development unit that shall fully utilize the connected medical infrastructure and results, thus creating the base for the development of innovative products and services., patient-centric data-driven intelligent operational efficiency, and asset utilization.
The ultimate objective is to create a fully accredited Model Hospital that shall be the first University, Research and Smart Hospital fully integrated and operating within the GHS, offering the newest and most modern therapeutic and diagnostic approaches and which shall be a Reference Centre for Medical Training and Research in Cyprus.
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