6th Oct 2014 06:28
LONDON (Alliance News) - Bank of Georgia Holdings PLC Monday said its JSC Evex Medical Corp healthcare subsidiary has bought a 100% equity interest in a 60-bed hospital in Tbilisi in Georgia.
The FTSE 250-listed group said the hospital offers in-patient and out-patient services with a focus on traumatology.
Following the acquisition, the Evex subsidiary has 38 healthcare facilities and 2,140 beds in Georgia, the company said.
"I am very pleased to announce one more important acquisition, which further strengthens our healthcare franchise in the capital city. I would like to congratulate our healthcare team on the completion of the transaction, which increases our national market share by hospital beds to 22.5% from 14.3% at the beginning of the year," said Bank of Georgia Chief Executive Officer Irakli Gilauri.
By Sam Unsted; [email protected]; @SamUAtAlliance
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