13th Apr 2017 07:00
London, 13 April 2017
ANNUAL REPORT 2016
Georgia Healthcare Group PLC ("GHG" or the "Group") (LSE: GHG LN) has today published its Annual Report and Accounts for the financial year ended 31 December 2016 (the "Annual Report 2016").
A copy of the Annual Report 2016 has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm. The Annual Report 2016 is also available on the Group's website at ghg.com.ge.
GHG's Annual General Meeting is scheduled for 1 June 2017 and the Notice of Annual General Meeting will be dispatched to shareholders on or around 2 May 2017.
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 ten ambulatory clusters (consisting of 13 district ambulatory clinics and 28 express ambulatory clinics), as at 31 December 2016. GHG is the single largest market participant, accounting for 23.4% of total hospital bed capacity in the country, as of 31 December 2016. From January 2017, GHG become the largest pharmaceuticals retailer and wholesaler in Georgia, with approximately 29% market share based on 31 December 2015 revenue figures. GHG is also the largest provider of medical insurance in Georgia with a 35.1% market share based on net insurance premiums earned and approximately 211,000 insurance customers as at 31 December 2016. GHG employed a total of c.12,800 people as at 31 December 2016, including c.3,200 physicians and c.720 pharmacists.
For further information, please visit www.ghg.com.ge or contact:
Nikoloz Gamkrelidze | Irakli Gogia | Ekaterina (Eka) Shavgulidze |
CEO | CFO | Head of Investor Relations |
+995 322 550505 (5077) | +995 322 550505 (5088) | +995 322 444 205 |
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
Related Shares:
GHG.L