Georgia Healthcare Group enters Georgian dental market with new clinics
Source - SMW
Healthcare service and insurance provider Georgia Healthcare Group said on Thursday it had entered the Georgian dental market by launching clinics within its existing polyclinics.
The company had set up and equipped dental clinics within three polyclinics in Tbilisi, covering almost all types of dental services.
Over the next month, it planned to have dental clinics within 10 different polyclinics, six located in Tbilisi and four in other major cities of the country.
To ensure a successful ramp-up, the company had signed a joint venture agreement with an established dental chain in the country, supporting the clinics' growth and providing access to a pool of experienced human capital.
Looking forward, the company aimed to consolidate this highly fragmented market which has an estimated annual market size of GEL 100 million.
"The service ideally fits into our existing business model and is very synergistic to our polyclinics business, being the primary healthcare service provider, and to medical insurance business. We expect this to be the beginning of another strong area of revenue growth over the next few years," said Nikoloz Gamkrelidze, CEO of Georgia Healthcare Group.
At 8:02am: (LON:GHG) Georgia Healthcare Group Plc share price was +5p at 215p