75-Year Anniversary of MSJ Group
The successful history of the MSJ Group begins in 1944 when Michalakis S. Jacovides opened his first pharmacy. Today, the Group celebrates 75 years of leading presence in the major healthcare sectors in Cyprus and Greece, while at the same time setting the sights for the future, with emphasis on our most valuable asset: Life.
On the 10th of May, the directors, management and personnel from all the Group companies, celebrated together this important 75-year milestone of MSJ Group at a Gala Dinner which was held at the Radisson Blu hotel in Larnaca.
On behalf of the Board of Directors, Mr Sotos Jacovides outlined the history of the Group, the advancement over the years, as well as the significant contribution of all of its companies to the healthcare field in Cyprus and Greece. On the occasion of the 75th Anniversary and within the framework of the Group’s Corporate Social Responsibility strategy, which includes the support of key organisations with active presence and contribution in the healthcare sector in Cyprus, Mr Sotos announced the Board’s decision to donate €5,000 to the Karaiskakio Foundation.
In the early years of its history, the establishment of the “Michel Pharmacy”, the transformation into a chain of pharmacies, along with the import of ready-made drugs, motivated the four sons of the founder: Sotos, Savvas, Alexandros and Aris Jacovides to further develop and advance the MSJ Group.
Today, MSJ Group is a leading player in the healthcare business. It consists of 7 companies that have received local and international distinctions, and employs more than 400 people in Cyprus and Greece. An important element in the development of the Group was the expansion of the business in Greece, firstly with the establishment of the company M.S. Jacovides Hellas in 1982, and then of Genesis Pharma, in partnership with Mr Costas Evripides, in 1997 – currently the largest company of the Group.
This year also marks a new era for MSJ Group; with a renewed corporate brand, a redesigned logo and a new website, the Group is now building a unified, strong and widely recognised corporate identity of the Group and its companies.
Representing the 3rd generation of the Jacovides family, Mrs Chryssie Jacovides presented the new era and corporate identity which preserves the basic principles and values, and is aligned with the strategic direction of the Group.
With 75 years of strong presence in the Healthcare spectrum, MSJ Group is moving ahead with optimism and is looking forward to new successes, healthy growth and development, whilst focusing on the long-lasting commitment to raising the healthcare standards in the areas it operates.
