The Cyprus-based Ygia Polyclinic Ltd is in the process of acquiring the Eden Medical Centre in Tersefanou, Larnaca. The acquisition is being facilitated through Varante Holdings Ltd, a special purpose vehicle (SPV) established solely to carry out this transaction.

The deal, currently under evaluation by the Commission for the Protection of Competition (CPC), involves the purchase of 100% of the share capital of two companies: Avalor Holdings Limited, which operates Eden Medical Centre, and Eveningfall Investments Limited, which owns the property and assets of the facility.

Eden Medical Centre, founded in 2018, is a leading provider of rehabilitation and palliative care services, offering support to patients recovering from serious injuries, cancer treatments, respiratory or cardiac conditions, and post-COVID complications.

The centre is known for its serene location on the Tersefanou hill, overlooking the Larnaca countryside and the Mediterranean Sea. It operates under an agreement with the Health Insurance Organisation (HIO), offering services free of charge to patients enrolled in the General Healthcare System (GESY).

The proposed acquisition is part of Ygia Polyclinic’s strategic expansion. Based in Limassol, the company runs a private hospital and is registered in Cyprus as a provider of private healthcare services. With this move, Ygia aims to broaden its service offering to include long-term care and rehabilitation—sectors where demand is steadily rising.

The CPC is currently examining whether the acquisition would affect competition in Cyprus’s healthcare market. Once approved, the transaction would effectively bring Eden Medical Centre into Ygia Polyclinic’s portfolio.