DEG boosts healthcare in Georgia

EUR 20 million loan for investments of JSC Georgia Healthcare Group

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH has provided JSC Georgia Healthcare Group (GHG), a leading provider of healthcare in Georgia, with a long-term loan of EUR 20 million for investment in expanding various lines of business. GHG is a subsidiary of Georgia Capital PLC domiciled in London.

In the Caucasus republic of Georgia, home to some 3.7 million people, GHG runs hospitals and clinics with more than 2.500 beds in total. It also operates pharmacies and diagnostic centres and provides medical insurance.

Joint commitment to sustainability goals

“We are committed to safeguard healthcare services for the people of Georgia through our collaboration with GHG,” explained Monika Beck, member of DEG’s Management Board, on the signing of the agreement. “It simultaneously offers an opportunity to advance the implementation of the global sustainability goals in the region.”

“We are proud of our partnering with DEG and the trust placed in us. DEG’s investment underpins its interest in contributing to the sustainable and successful development of our company’s business,” commented Nikoloz Gamkrelidze, CEO of Georgia Healthcare Group.

Healthcare in Georgia was long characterised by shortcomings in terms of standards, quality and equipment. Over the past 10 years, GHG has renovated numerous Soviet-era healthcare facilities, equipping them with state-of-the-art technology.

The company gives patients from all income groups access to qualified healthcare and specialised care and also offers prevention programmes and healthcare for children. During the pandemic, some of the hospitals were designated as special Covid-19 treatment centres in order to ensure adequate capacity for the treatment of infected persons was available.

Contribution to securing 16,000 skilled jobs

With around 16,000 employees, GHG is a significant employer in Georgia. Ensuring that its staff receive ongoing training to upskill, GHG is thus helping to achieve global sustainability goals. The company also has good corporate governance in place and intends to improve other aspects of sustainability in future, such as waste management.