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The EBRD to fund Evex With a US$10 Million Loan

The EBRD to fund Evex With a US$10 Million Loan

The EBRD is financing the development of a new hospital in Tbilisi with a US$10 million loan to JSC Medical Corporation Evex (Evex).

The EBRD financing will allow Evex to renovate and refurbish the Deka hospital in Tbilisi by mid-2017. The clinic is located in Tbilisi. European Bank regards, that the new facilities will provide patients with faster and more modern emergency services.

Bruno Balvanera, EBRD Director for the Caucasus, Moldova and Belarus said: “By investing in the renovation of hospitals we invest in people and their future and in improving their lives. This project will have a demonstration effect for a new generation of health care.”

To remind, Evex has been operating since 2009 and is fully owned by Georgia Healthcare Group (GHG) PLC. Established in 2015, GHG has become one of the leading private health care institutions in Georgia, successfully completing an initial public offering on the London Stock Exchange premium listing in November 2015.