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Georgia Healthcare Group Profits in 2016 Marked 61 million GEL

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Georgian Healthcare Group (GHG) has finished the year of 2016 in success. The company notified investors about growth in financial indicators on February 15 and submitted a detailed report. The company’s profits in 2016 marked 61.3 million GEL (18.8 million GBP). Annual growth marked 159.7%. Profit per share marked 0.39 …

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GMP to Manufacture Medications in Germany

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GMP will continue production of medications abroad. The company has signed a new agreement with German company WeltPharma. Omesam, i.e.  fish fat with branded name, passes a full cycle of production in Germany and returns in Georgia in the form of a final product. “We have been cooperating with German …

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PSP Unveils New British-Model Pharmacy in Sachkhere

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PSP continues expanding a network of pharmacies. The company has unveiled a new pharmacy in Sachkhere, Imereti Region. “Our clients have met the opening of a new pharmacy with much interest and content. This pharmacy, like all other British-model ones, comprises three departments: pharmacy zone separately; everything for children and …

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Healthcare Group Buys Batumi Psychiatric Hospital for 2.5 million GEL

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Healthcare Group has bought Batumi Psychiatric Hospital, Ajara Government press service reports. Term electronic auction finished on January 11. A total of 762 bids were made during the auction. The new owner paid 2.5 million GEL for 100% stake of the hospital. Ministry of Finance and Economy put out the …

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Georgia Healthcare Completes ABC Acquisition

“Georgian Healthcare Group” has become sole holder of Iashvili Hospital. The company has already acquired 33,3%-share, remained in referral hospital, from “Aversi Clinic”. The alienation has been made by “Unimedi Kakheti”, member of GHG. As a result of the agreement achieved between the sides, “Aversi” has received 1 million USD on cash instead of 33,3% in Iashvili Clinic and no later than May 3, 2016, clinic “New Life” will be transferred under its ownership. The mentioned clinic has a maternity profile. As a result of transactions, GHG holds 44 healthcare facilities with 2 588 beds.

Georgia Healthcare Group announced on Friday that, following the receipt of regulatory approval, it has now completed the acquisition of JSC ABC Pharmacia, the fourth largest pharmaceutical retailer and wholesaler in Georgia. The London-listed firm said ABC will be merged with GHG’s existing pharma business with immediate effect. “This further …

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Healthcare Sector Summery in Georgia in 2016

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Minister of Labour, Health and Social Affairs of Georgia David Sergeenko summed up 2016 and spoke about the existing challenges. The main challenge, in the Minister’s words, is  the availability of outpatient medicines for vulnerable populations. “The main thing was that the universal health care which is one of the …

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Georgia Healthcare Launches Ambulatory Cluster In Tbilisi

Operations At The Community Clinic Health Center As Senate Will Take Up Doc Fix

Private healthcare provider Georgia Healthcare Group PLC on Friday said it has launched a new ambulatory cluster in the Georgian capital of Tbilisi. The cluster is located in the Didi Digomi neighbourhood and covers a population of around 140,000. It will provide a wide range of outpatient services, including general …

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Medison Holding -Progress in Georgian Medicine

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The wish to establish high service standards and real opportunity for it became the reason why future partners implemented investment and bought prophylactic centers with medical history. The centers lacked a lot of basic and necessary equipment and did not match modern standards. They need to find finances to create …

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Annual Profits of Pharmaceutical Companies Hit GEL 190 million

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Transparency International Detects Weak Oligopoly on Pharmaceutical Market. Amalgamation of Pharmadepot and GPC grows risks of competition restriction and misuse of market dominant positions. Thus, pharmaceutical market may be characterized as a weak oligopoly, but according to recent information, ABC Pharmacy that holds a dominant position (second place after PSP) …

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