5 Minute News

Risks from Hospital Acquisitions for the GESY

October 26, 2024

The ongoing acquisition of hospitals by a single investment fund poses risks to the General Health System (GESY). The chairman of the Health Insurance Organization, Stavros Michail, points out that this can negatively affect healthy competition in healthcare in Cyprus. He also emphasizes that concentration of control in one fund could lead to issues in the GESY's operation. A careful analysis of the parameters is essential for assessing the situation.