Georgia Healthcare Group PLC GHG launches a new ambulatory cluster (2613N)

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RNS Number : 2613N

Georgia Healthcare Group PLC

24 October 2016

London, 24 October 2016

Georgia Healthcare Group launches a new ambulatory cluster in West Georgia

Georgia Healthcare Group PLC (the "Group" or "GHG") announces that it has launched a new ambulatory cluster in Zugdidi, the largest city in Samegrelo region, West Georgia. The ambulatory cluster covers a population of c.100,000. 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 Zugdidi 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 eight ambulatory clusters, of which six are located in Tbilisi, the capital city, one in Kutaisi, the second largest city in Georgia and one in Zugdidi.

Name of authorised official of issuer responsible for making notification:

Ekaterina Shavgulidze, Head of Investor Relations

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

This information is provided by RNS

The company news service from the London Stock Exchange

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October 24, 2016 02:00 ET (06:00 GMT)