Greece's Competition Committee has approved the establishment of the first private medical school in Athens. The school is a collaboration between a newly formed Cypriot company and CVC Capital Partners, a Luxembourg-based private equity and investment advisory firm with a history of acquisitions in Greece.
On Friday afternoon, the Competition Commission announced its approval of a request from a company whose primary purpose is to establish and operate a private medical school in Athens. According to the commission's announcement, this company is "University of Nicosia Greece Branch Medical Limited," which is currently under incorporation.
The Competition Commission approved the merger "relating to the acquisition of joint control by HELLENIC HEALTHCARE HOLDING 3 (CYPRUS) LIMITED and the private organization 'P.L. University of Nicosia' over (a) the company under establishment named University of Nicosia Greece Branch Medical Limited and (b) the existing company named VANES Limited," the announcement stated.
The statement further clarifies that partner HH3 Holding, based in Cyprus, belongs to the CVC network, which is active in various sectors within Greece, including healthcare, e-commerce, food, and insurance.
"The University of Nicosia Greece Branch Medical Limited," currently under establishment, has the statutory purpose of establishing and operating a medical school in Athens. This service will be provided under the framework of Law 5094/2024, following the competent authorities' acquisition of necessary administrative licenses.
The second partner is the University of Nicosia, located in Cyprus and controlled by the limited liability company "EDEX Educational Excellence Corporation Ltd."
