Georgia Healthcare Group PLC GHG acquired a district Polyclinic in Tbilisi (9822V)

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RNS Number : 9822V

Georgia Healthcare Group PLC

09 November 2017

London, 9 November 2017

Georgia Healthcare Group acquired a district Polyclinic in Tbilisi

Georgia Healthcare Group PLC (the "Group" or "GHG") announces that it has acquired a new district Polyclinic (outpatient clinic) in Tbilisi, with c.20,000 registered patients. This Polyclinic is the beginning of a new cluster. It is located in the Ortachala neighbourhood, and covers a population of c.50,000. It caters to all age groups and provides a wide range of outpatient services, including general practitioner and specialist physician consultations.

The Polyclinic acquisition is consistent with the Group's strategy to grow its healthcare services business through rolling-out a network of Polyclinics across Tbilisi and in other major cities in Georgia. GHG now operates a total of 12 Polyclinic clusters, of which eight are located in Tbilisi, the capital city, and four in the regions.

Name of authorised official of issuer responsible for making notification:

Ketevan Kalandarishvili, 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 37 hospitals and 11 Polyclinic clusters (consisting of 14 Polyclinics and 24 express outpatient clinics), as at 30 September 2017. GHG is the single largest market participant, accounting for 23.8% of total hospital bed capacity in the country, as of 30 September 2017. From January 2017, GHG become the largest pharmaceuticals retailer and wholesaler in Georgia, with approximately 29% market share by revenue. GHG is the second largest provider of medical insurance in Georgia with a 29.6% market share based on net insurance premiums earned and approximately 110,000 insurance customers as of October 2017. GHG employed a total of c.15,151 people as at 30 September 2017, including c.3,505 physicians.

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

 
      Nikoloz Gamkrelidze            Irakli Gogia                      Ketevan Kalandarishvili 
      CEO                            CFO                               Head of Investor 
                                                                        Relations 
      [phone]                    [phone]                  [phone] 
       (5077)                             (5088)                           (5079) 
      [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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November 09, 2017 02:00 ET (07:00 GMT)