Georgia Healthcare Group PLC Sale of land to m2 Real Estate (9807A)
04 June 2019 - 12:16AM
UK Regulatory
TIDMGHG
RNS Number : 9807A
Georgia Healthcare Group PLC
03 June 2019
London, 3 June 2019
Sale of land to m2 Real Estate
On 3 June 2019, GEPHA, a pharmacy and distribution subsidiary of
Georgia Healthcare Group PLC ("GHG"), agreed to the sale of land
previously used by the business to m2, a commercial real estate
business, for a cash consideration of US$2 million. M2 is a wholly
owned subsidiary of Georgia Capital PLC ("GCAP"), who holds a 57%
shareholding in GHG. The contract is on a commercial basis and on
standard arms-length terms.
This transaction falls within and this announcement has been
made in accordance with the requirements of 11.1.10 of the UK
Listing Rules.
Name of authorised official of issuer responsible for making
notification:
Ketevan Kalandarishvili, 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 18 referral hospitals and 35 clinics. GHG is
the single largest market participant, accounting for 25% of total
hospital bed capacity in the country, as of 31 March 2019. GHG is
also the largest pharmaceuticals retailer and wholesaler in
Georgia, with approximately 30% market share by revenue. GHG is the
second largest provider of medical insurance in Georgia with a 27%
market share based on net insurance premiums earned and
approximately c.230,000 insurance customers as of now. GHG employed
a total of c.16,000 people as at 31 March 2019, including c.3,600
physicians and c.3,000 pharmacists.
For further information, please visit ghg.com.ge or contact:
Nikoloz Gamkrelidze Irakli Gogia Ketevan Kalandarishvili
CEO CFO Head of Investor
Relations
+995 322 550505
+995 322 550505 (5077) +995 322 550505 (5088) (5079)
ngamkrelidze@ghg.com.ge irakligogia@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
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END
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