We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGHG.L Regulatory News (GHG)

  • There is currently no data for GHG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

GHG announces completion of the acquisition of ABC

6 Jan 2017 07:00

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 (5077)

+995 322 550505 (4810)

+995 322 444 205

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
 
 
ACQUGUACGUPMUQQ
Date   Source Headline
14th Aug 20197:00 amRNSHalf-year Report
8th Aug 201912:20 pmRNSNotice of Results
1st Aug 20194:41 pmRNSSecond Price Monitoring Extn
1st Aug 20194:35 pmRNSPrice Monitoring Extension
30th Jul 20194:41 pmRNSSecond Price Monitoring Extn
30th Jul 20194:35 pmRNSPrice Monitoring Extension
12th Jul 20197:00 amRNSGHG signs a cooperation agreement
28th Jun 20197:00 amRNSDividend Currency Conversion Rate
26th Jun 20197:00 amRNSGHG hosts Investor Day in Tbilisi
17th Jun 20193:51 pmRNSDirector/PDMR Shareholding
4th Jun 20197:00 amRNSDirector/PDMR Shareholding
3rd Jun 20193:16 pmRNSSale of land to m2 Real Estate
30th May 20193:53 pmRNSDirector/PDMR Shareholding
22nd May 20195:33 pmRNSDirector/PDMR Shareholding
22nd May 20194:12 pmRNSDirector/PDMR Shareholding
22nd May 20191:51 pmRNSResult of AGM
15th May 20197:00 amRNS1st Quarter Results
10th May 201911:30 amRNSNotice of Results
1st May 201912:07 pmRNSSecond Price Monitoring Extn
1st May 201912:02 pmRNSPrice Monitoring Extension
10th Apr 201910:54 amRNSNotice of AGM
8th Apr 20191:07 pmRNSGHG Investor Day Notice
3rd Apr 20197:00 amRNSAnnual Financial Report
2nd Apr 20199:56 amRNSDirector/PDMR Shareholding
27th Mar 20192:28 pmRNSDirector/PDMR Shareholding
26th Mar 20197:00 amRNSDividend Declaration
25th Mar 201910:03 amRNSGHG signs a partnership agreement with the ALIMP
13th Mar 20194:36 pmRNSPrice Monitoring Extension
4th Mar 20194:40 pmRNSSecond Price Monitoring Extn
4th Mar 20194:35 pmRNSPrice Monitoring Extension
27th Feb 201912:07 pmRNSSecond Price Monitoring Extn
27th Feb 201912:02 pmRNSPrice Monitoring Extension
25th Feb 20193:27 pmRNSDirector/PDMR Shareholding
22nd Feb 20197:00 amRNSGHG will hold Investor Day on 26 June
15th Feb 20197:02 amRNSFinal Results
12th Feb 20197:00 amRNSNotice of Results
28th Dec 20187:00 amRNSGHG enters the Georgian dental services market
27th Dec 20187:00 amRNSAcquisition of two medical insurance clients
24th Dec 201812:35 pmRNSPrice Monitoring Extension
17th Dec 20187:00 amRNSGHG announces the opening of Mega Laboratory
20th Nov 20187:01 amRNSIFC publishes a case study on GHG
19th Nov 20184:41 pmRNSSecond Price Monitoring Extn
19th Nov 20184:35 pmRNSPrice Monitoring Extension
12th Nov 201811:30 amRNSResults of External Audit Tender Process
12th Nov 20187:00 amRNS3rd Quarter Results
8th Nov 20187:00 amRNSNotice of Results
28th Sep 20185:24 pmRNSDirector/PDMR Shareholding
21st Sep 20187:00 amRNSDirectorate Change
13th Sep 20187:10 amRNSGeorgia Day in London on 12 October
5th Sep 20184:48 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.