Georgia Healthcare Group PLC GHG announces completion of the acquisition of ABC (5193T)
January 06 2017 - 2:00AM
UK Regulatory
TIDMGHG
RNS Number : 5193T
Georgia Healthcare Group PLC
06 January 2017
London, 6 January 2017
GHG announces completion of the recently announced acquisition
of ABC Pharmacy
Georgia Healthcare Group PLC ("GHG") announces that, following
the receipt of regulatory approval, it has now completed the
acquisition of JSC ABC Pharmacia ("ABC"), the fourth largest
pharmaceutical retailer and wholesaler in Georgia.
"Following our recent announcement of the ABC acquisition, I am
very pleased to announce completion of this landmark transaction.
Having successfully obtained regulatory approval, 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 Nikoloz Gamkrelidze,
CEO of Georgia Healthcare Group.
Name of authorised official of issuer responsible for making
notification:
Ekaterina Shavgulidze, Head of Investor Relations
About Georgia Healthcare Group PLC
Georgia Healthcare Group PLC is a UK incorporated holding
company of the largest healthcare services provider in the
fast-growing, predominantly privately-owned, Georgian healthcare
services market. GHG's leadership position is underpinned by
offering the most comprehensive range of inpatient and outpatient
services targeting the mass market segment through its vertically
integrated network of 35 hospitals and eight ambulatory clusters
(consisting of 11 district ambulatory clinics and 28 express
ambulatory clinics), as at 30 September 2016. GHG is the single
largest market participant, accounting for 23.0% of total hospital
bed capacity in the country, as of 30 September 2016. GHG is the
third largest pharmaceuticals retailer and wholesaler in Georgia,
approximately 15% market share by revenue, as of 31 December 2015.
GHG is also the largest provider of medical insurance in Georgia
with a 35% market share based on net insurance premiums earned and
approximately 208,000 insurance customers as at 30 September 2016.
GHG employed a total of c.12,500 people as at 30 September 2016,
including 3,140 physicians and 730 pharmacists.
For further information, please visit www.ghg.com.ge or
contact:
Nikoloz Gamkrelidze David Vakhtangishvili Ekaterina (Eka)
Shavgulidze
CEO CFO Head of Investor
Relations
+995 322 550505 +995 322 550505 +995 322 444
(5077) (4810) 205
ngamkrelidze@ghg.com.ge dvakhtangishvili@ghg.com.ge ir@ghg.com.ge
This news report is presented for general informational purposes
only and should not be construed as an offer to sell or the
solicitation of an offer to buy any securities
This information is provided by RNS
The company news service from the London Stock Exchange
END
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