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Georgia Healthcare Group Acquires Two Hospitals For GEL10.0 Million

Healthcare services provider Georgia Healthcare Group PLC said on Monday it has acquired the Khasuri and Qareli community hospitals through its healthcare services business from Georgian insurance company IC Group for GEL10.0 million in cash. The two hospitals are located in the Khashuri and Qareli areas of Georgia, both in …

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Medical Tourism Perspectives – Turkey Plans to Intensify Activities

Medical market of Turkey becomes more attractive for Georgia. Our country has huge potential for medical tourism development, but investment inflows remain unimportant anyway. Mainly dental clinics are active in this direction. According to specialists, Georgia has potential to use the experience of neighboring Turkey and achieve certain success on …

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Georgia Healthcare Sees Evex Medical Unit Place GEL90 Million Of Bonds

Georgia Healthcare Group PLC on Monday said its healthcare services business has completed a private placement of GEL90.0 million of local bonds due in 2022. Healthcare unit JSC Evex Medical Corp placed the local bonds at an issue price matching their principal amount last Wednesday. The bonds carry a floating …

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Foggy Pharmaceutical Market

The problem of free competition in the Georgian pharmaceutical market is noticeable and should be addressed by the Competition Agency. The market is dominated by a cartel deal of four leading pharmaceutical companies regulating prices on the market. The discussion to transition to international GMP standards has been postponed until …

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Suspicious Medications Quality and High Prices

Invaluable system of medication quality control is one of the problematic issues on Georgian pharmaceutical market, especially in the domestic production. Currently, medication quality control is carried out by an only responsible body State Regulation Agency for  Medical Activities. The small budget of the agency does not enable to ensure …

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Medication Exports Considerably Grow

In January-May 2017 exports rose by 28.6% year on year (up 223 million USD) and constituted 1 003 million USD, while imports rose by 10.8% (+287 million USD) and totaled 2 941 million USD. According to Ministry of Economy, in May 2016 exports rose by 25% (+43 million USD), while …

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Pasha Bank Hosted Healthcare Sector Development Conference

Pasha Bank hosted the third business conference in the frame of MEETING ROOM. The topic of the conference was Healthcare Sector Development. The aim of the conference was to gather healthcare sector employees and interested individuals. There were healthcare development strategies discussed: survey of Georgian Healthcare system, capital as a …

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New Radiation Medicine Center Launches in Georgia

On June 9th, at 16.00 pm, the official opening of New Radiation Medicine Center will be held at Lisi Lake.  The investment cost of hospital amounts to 25 million GEL, which is an unprecedented investment for Georgian medicine. The equipment in the center can diagnose the tumor at the early …

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