UPMC to manage Neapolis Cyprus hospital

The University of Pittsburgh Medical Center (UPMC) has come to an agreement with Paphos Plantations, a member of the Leptos Group of Companies for the management of a new hospital to be constructed in the Neapolis project in Paphos.
The 100-bed hospital will be part of a EUR 1.5 bln or $1.9 bln complex designed by the Leptos Group, one of the biggest developers in Cyprus. The project will include luxury housing, a 100-room hotel, a university, shops, restaurants and entertainment venues.
“Our investment in the whole project will reach EUR 1.5 bln,” said visionary entrepreneur Michalakis Leptos at a signing ceremony in Nicosia on Friday.

Full report in Financial Mirror edition of March 4, 2009