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World RARE Disease Day Celebrated on 28th of February in Georgia

At the National Center for Diseases Control and Public Health, press conference took place concerning World RARE Disease. The meeting was organized and supported by Georgian Foundation For Genetic and Rare Diseases. The aim of the event was raising awareness about rare diseases in order to diagnose and treat it …

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Health Minister Criticizes Insurance Companies

Health Minister David Sergeenko has criticized insurance companies. However, insurance industry representatives  do not agree with the Minister’s remarks. It is the Government’s habit  to point fingers to insurance companies, the industry representatives said. As reported, Health Ministry plans to launch the second phase of reforms to increase efficacy of …

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Georgia Healthcare Group Profits in 2016 Marked 61 million GEL

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

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

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

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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