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“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 Completes ABC Acquisition

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 consolidates GHG’s position as the leading integrated player in the Georgian healthcare ecosystem, and we look forward to delivering on the expected synergies and targeted growth strategy for the enhanced pharma business,” commented CEO Nikoloz Gamkrelidze.