Georgia Capital PLC announced that Georgia Healthcare Group and its 100% subsidiary JSC Evex Hospitals have signed a $35 million, 5-year financing package with European Bank for Reconstruction and Development. The $25 million Loan Agreement signed by GHG is comprised of two tranches: A $10 million tranche will replace the existing $10 million loan with EBRD, signed in 2020, tosupport its critical healthcare infrastructure in the fight against Covid-19. The loan's second, uncommitted, tranche, of $15 million, is designated for financing the 11% minority shareholder buyout of GHG's retail (pharmacy) business in 2023, in line with the buyout scheme announced in 2021.

A $10 million tranche, signed by Evex, will enable it to upgrade 15 hospitals and purchase medical equipment that will enhance the value proposition of Evex to its patients. It will also partly refinance recently matured private local bonds.