Georgia Healthcare Group PLC GHG launches a new ambulatory cluster in Tbilisi (9869H)

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RNS Number : 9869H

Georgia Healthcare Group PLC

24 August 2016

London, 24 August 2016

Georgia Healthcare Group launches a new ambulatory cluster in Tbilisi

Georgia Healthcare Group PLC (the "Group" or "GHG") announces that it has today launched a new ambulatory cluster in Tbilisi (the "Cluster"). The Cluster is located in the Didube neighbourhood, and covers a population of c.140,000. Like the other ambulatory clusters, it caters to all age groups and provides a wide range of outpatient services, including general practitioner and specialist physician consultations, imaging and functional diagnostics, as well as clinical, biochemical and serological laboratory tests.

The launch of the Didube ambulatory cluster is consistent with the Group's strategy to grow its healthcare services business through rolling-out a network of new ambulatory clinics across Tbilisi and in other major cities in Georgia. GHG now operates a total of seven ambulatory clusters, of which six are located in Tbilisi, the capital city, and one in Kutaisi, the second largest city in Georgia.

About Georgia Healthcare Group PLC

Georgia Healthcare Group PLC is a UK incorporated holding company of the largest healthcare services provider in the fast-growing, predominantly privately-owned, Georgian healthcare services market. GHG's leadership position is underpinned by offering the most comprehensive range of inpatient and outpatient services targeting the mass market segment through its vertically integrated network of 35 hospitals and six ambulatory clusters (consisting of nine district ambulatory clinics and 28 express ambulatory clinics), as at 30 June 2016. GHG is the single largest market participant, accounting for 25.1% of total hospital bed capacity in the country, as of 30 June 2016. GHG is the third largest pharmaceuticals retailer and wholesaler in Georgia, approximately 15% market share by revenue, as of 31 December 2015. GHG is also the largest provider of medical insurance in Georgia with a 34% market share based on net insurance premiums earned and approximately 203,000 insurance customers as at 30 June 2016. GHG employed a total of c.11,900 people as at 30 June 2016, including 2,954 physicians and 712 pharmacists.

For further information, please visit www.ghg.com.ge or contact:

 
      Nikoloz Gamkrelidze            David Vakhtangishvili                  Ekaterina (Eka) 
                                                                             Shavgulidze 
      CEO                            CFO                                    Head of Investor 
                                                                             Relations 
      [phone]                    [phone]                       [phone] 
       (5077)                             (4810)                                205 
      [e-mail]            [e-mail]            [e-mail] 
 

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

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August 24, 2016 02:01 ET (06:01 GMT)