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Georgian Healthcare Group Profits Grow by 45%

Georgian Healthcare Group revenues in the first half of 2017 made up 371mln GEL, while profits constituted 24.3mln GEL. The group’s profits rose by 44.9% year on year, while revenues rose by 112%. Profits marked 11mln GEL in 2Q17, while revenues amounted to 186mln GEL. GHG unites 35 hospitals and …

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ADB to Join Clinics Development Process in Georgia

Asian Development Bank (ADB) plans to participate in clinics development process in Georgia. The issue was discussed at the meeting with ADB private and public partnership (PPP) office coordinator Joseph Lim. The parties discussed clinics development potential and existing situation in the country. We are ready to participate in this …

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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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