Bank of Georgia subsidiary acquires 60-bed hospital

6th Oct 2014 07:05

JSC Evex Medical, the healthcare subsidiary of FTSE 250-listed Bank of Georgia, has acquired a 60-bed hospital in Tbilisi.The move is part of its strategy to scale up its healthcare business through targeted hospital acquisitions focusing on the Tbilisi region.JSC Evex now has 38 healthcare facilities and 2,140 beds in Georgia."The addition of another leading hospital complements our current portfolio of healthcare facilities in Tbilisi, enabling us to tap a new segment of patients and offering significant opportunities for cost synergies that our experienced team will work to deliver over the next few months," said Murtaz Kikoria, the chairman of the board of directors at Evex.The company's national market share of hospital beds has risen to 22.5% from 14.3% at the start of the year.