Georgia Healthcare Group PLC Results of External Audit Tender Process (0320H)
November 12 2018 - 5:30AM
UK Regulatory
TIDMGHG
RNS Number : 0320H
Georgia Healthcare Group PLC
12 November 2018
London, 12 November 2018
Georgia Healthcare Group PLC announces results of external audit
tender process
Georgia Healthcare Group ("GHG" or "the Group") announces that
it proposes that Ernst & Young LLP ("EY") be re-appointed as
the Group's auditor. This proposal follows a competitive tender
process for the statutory audit contract overseen by the Audit
Committee of GHG, resulting in a recommendation which was approved
by the Board.
A resolution to approve the re-appointment of EY will be put to
shareholders at the Company's AGM in 2019.
The Board would like to thank all firms who participated in the
audit tender and looks forward to working with EY again.
Name of authorised official of issuer responsible for making
notification:
Ketevan Kalandarishvili, 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 37 hospitals and 16 district polyclinics. GHG
is the single largest market participant, accounting for 25% of
total hospital bed capacity in the country, as of 30 June 2018. GHG
is also the largest pharmaceuticals retailer and wholesaler in
Georgia, with approximately 30% market share by revenue. GHG is the
second largest provider of medical insurance in Georgia with a 27%
market share based on net insurance premiums earned and
approximately 158,000 insurance customers as at June 2018. GHG
employed a total of c.15,500 people as at 30 June 2018, including
c.3,600 physicians and 2,900 pharmacists.
For further information, please visit ghg.com.ge or contact:
Nikoloz Gamkrelidze Irakli Gogia Ketevan Kalandarishvili
CEO CFO Head of Investor
Relations
+995 322 550505
+995 322 550505 (5077) +995 322 550505 (5088) (5079)
ngamkrelidze@ghg.com.ge irakligogia@ghg.com.ge ir@ghg.com.ge
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END
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