Georgia Healthcare Group PLC GHG launches a new ambulatory cluster (8323S)

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RNS Number : 8323S

Georgia Healthcare Group PLC

28 December 2016

London, 28 December 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 Batumi, the largest city in Adjara region, West Georgia. The ambulatory cluster covers a population of c.150,000. 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 Batumi 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 nine ambulatory clusters, of which six are located in Tbilisi, the capital city, one in Kutaisi, the second largest city in Georgia, one in Zugdidi and one in Batumi.

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 eight ambulatory clusters (consisting of 11 district ambulatory clinics and 28 express ambulatory clinics), as at 30 September 2016. GHG is the single largest market participant, accounting for 23.0% of total hospital bed capacity in the country, as of 30 September 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 35% market share based on net insurance premiums earned and approximately 208,000 insurance customers as at 30 September 2016. GHG employed a total of c.12,500 people as at 30 September 2016, including 3,140 physicians and 730 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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December 28, 2016 02:00 ET (07:00 GMT)