GAZELLE FINANCE GEORGIA AND TBC BANK HELP THE WESTERN REGIONAL CENTER OF MODERN MEDICAL TECHNOLOGIES EXPAND ACCESS TO QUALITY HEALTHCARE SERVICES IN KUTAISI, GEORGIA
12 September, 2018
GAZELLE FINANCE GEORGIA AND TBC BANK HELP THE WESTERN REGIONAL CENTER OF MODERN MEDICAL TECHNOLOGIES EXPAND ACCESS TO QUALITY HEALTHCARE SERVICES IN KUTAISI, GEORGIA
TBC Bank and Gazelle Finance have teamed-up to support Medical City, a leading healthcare provider in the western region of Georgia to launch the Western Regional Center Of Modern Medical Technologies. This facility, based in Kutaisi, the regional center of western Georgia, will offer the highest level of medical care outside of the capital city of Tbilisi.

TBC Bank has provided a USD 5.5 million loan to Medical City to finance the initial capital costs of building the medical clinic. Gazelle
Finance is providing an additional USD 1.3 million in growth capital financing to support the acquisition of state-of-the-art medical equipment for the new medical clinic. Many of the services offered by this new medical clinic are not only scarce in Georgia, but largely unavailable outside of the capital city of Tbilisi.

“An important strategic focus for Gazelle Finance is to invest in high impact businesses outside of the capital city of Tbilisi.” said Jeffrey Liebert, CEO of Gazelle Finance. “We are very excited to help such an innovative company as Medical City bring world class medical care to the western region of Georgia.”

“It is an honor for us to partner with Medical City, an important project that significantly improves access to high standard healthcare infrastructure in Georgia and particularly, in the Imereti region.” said George Tkhelidze, Deputy CEO of Corporate & Investment Banking at TBC Bank. “We are looking forward to expanding our successful cooperation with Medical city further in the future.”

The Western Regional Center of Modern Medical Technologies will provide one of the best services in pediatric care in the country of Georgia. The medical clinic will partner with the Turkish healthcare operator “Medical Park”, the largest private hospital chain in Turkey, to enhance the technical capacity of the pediatric services. The partnership will work on a secondment basis, in which leading doctors from various Medical Park clinics throughout Turkey will move full-time to live and work in Kutaisi. An important outcome of this investment is to provide high quality health care locally at affordable prices, which will reduce the numbers of Georgians seeking medical services abroad. As a result of its expansion, the Western Regional Center of Modern Medical Technologies is expected to create more than 120 new high skilled jobs and support know-how exchange and technical capacity development of local doctors and nurses.

“We are proud to have Gazelle Finance and TBC Bank as our partners,” said Gia Grdzelidze, the CEO and founder of the clinic. “We believe this medical clinic will bring world class healthcare services to Kutaisi, become an important economic generator for the region, and provide highly skilled job opportunities to the local residents.”
“We are pleased that our partner Gazelle Finance is investing in medical clinics that will bring high quality, affordable health care services to the regions outside of the capital city in Georgia,” said Jaap Reinking, Director of the Private Equity Department for FMO. “We are proud to contribute to improving access to healthcare as this is an important element to achieve the Sustainable Development Goals.”
geotv.ge

Gazelle Finance
Gazelle Finance (http://gazellefinance.com/, https://www.facebook.com/GazelleFinance/) is a US fund manager managing an impact investment fund called “Gazelle Fund”, including investment capital from OPIC. The fund launched in March of 2017 and currently has operations in Georgia and Armenia.The fund targets the “missing middle”, which consists of small and medium companies, typically in the $100K to $1.0M in financing range, that lack access to growth capital because they are small, highly under collateralized and tend to be an earlier, but high growth stage of development. The fund has a generalist investment strategy.

TBC Bank
TBC Bank is a leading Georgian universal bank headquartered in Tbilisi, Georgia. The Bank was founded in 1992, when two Georgian businessmen Mamuka Khazaradze and Badri Japaridze, along with other Georgian partners founded the bank, Tbilisi Business Centre, abbreviated as TBC. They established the bank with an initial capital of $500, which was the amount required to establish the bank in Georgia in the early 1990s. TBC Bank has successfully completed two mergers with Bank Republic and Bank Constanta. TBC Bank’s mission is to create new opportunities for success of people, ideas & businesses and the vision is to be the best digital financial service provider in region.

Western Regional Center Of Modern Medical Technologies
The Western Regional Center of Modern Medical Technologies LLC is a multi-disciplinary medical clinic. The new medical clinic is 100% owned by the existing hospital operator Medical City, located in Kutaisi.. Due to high demand for modern healthcare services in the Western region of Georgia the management decided to expand the hospital and build a new facility in 2017 and will officially launch operations in October of 2018.

FMO is the Dutch Development Bank based in the Hague, the Netherlands. FMO´s mandate is to provide long term capital for projects in countries in which commercial investors do not yet dare to invest. FMO invests risk capital in companies and financial institutions in developing countries. FMO has a strict policy on maximizing development impact with a methodology designed to make sure that FMO's return on investment is not just financial but also has positive environmental and social effects. FMO invests in over 85 countries, supporting jobs and income generation in order to improve people's lives in the parts of the world where they can make the biggest difference.

AD

Related stories:


Print
Other Stories
Korter: Reliable housing property data in Georgia
It's not a simple job to find fresh homes. But when you use the estate choice service Korter, everything becomes distinct.
Rent a car in Tbilisi – Parent.ge
Are you thinking of booking the best vehicles for your next trip at a very reasonable price? If yes, then this is one of the best decisions you can ever make for yourself.
Pleasant Sunday for the whole family – Renewed Sunday’s brunch at The Biltmore Tbilisi Hotel
Summer, the season of endless fun and vacations, has ended and Tbilisi has become a usually crowded city.
GEL devalues, officials show optimism though
Devaluation of the national currency has sent shockwaves among citizens in Georgia. Officials think that the trend will return to its normal frame, though.
ProCredit Bank’s 20 years of challenges and successes in Georgia and what it means to be a responsible bank
“The bank’s 20-year long presence in Georgia was marked by many challenges and success stories.
Comments on alarming GEL devaluation
The National Bank of Georgia set a new exchange rate, according to which, dollar price became GEL 2.9507 on Tuesday.
Euronews and Silknet sign an MOU to launch “Euronews Georgia”
Euronews and Silknet, Georgia’s leading telecommunications company, are announcing the signing of an MOU in view of launching Euronews Georgia, a news channel and digital platform aimed at a Georgian-speaking audience.
Green Diamond starts to hand over flats to owners as second stage of construction finishes
Second stage of construction of Green Diamond living apartments by MAQRO Construction has finished and process of hand over of flats to owners has started.
Georgian wine tasting in the US came off excellently
Georgian wine tasting in the main cities of the US, New York, Chicago, and Boston went off excellently.
The most wanted fruits from Georgia
The fruit exportation has decreased in Georgia. According to Geostat (National Statistics Office of Georgia), this year, up until May Georgia exported 25 939 300 USD worth of fruit – 6 771 300 USD less than in 2018.
Investment Plan for Europe – Additional EUR 800 million for SMEs as EIF and ProCredit double support for innovative companies
The European Investment Fund (EIF) and ProCredit Group are providing an additional EUR 800 million to innovative small and medium-sized companies (SMEs),
Everything of comfortable life in one space – Second part of construction of one of the largest apartment complexes finished in Tbilisi
Apartment in ecologically clean environment, thousands of square meters of green yard, swimming pools, places for various sports activities, treks for walking and running, commercial spaces – all these available in one space is not a fantasy.
Batumi awarded Europe's Leading Emerging Tourism Destination 2019
World Travel Awards Europe Gala Ceremony 2019 took place on the 8th of June in Madeira, Portugal.
Coca Cola to open new factory in Georgia, will hire female drivers
Coca Cola is opening new factory in Georgia in December.
World's best party supply company now on the Georgian market
The largest party supply store in Georgia - MyDay is launching as the official distributor of AMSCAN from 2019.
Live as a marketing tool and an unprecedented live stream launched by Livetag
Sharing information has become smoother and more versatile in today’s technological world. Recently, live streaming, an online streaming media has become especially popular.
Theme and program of Caspian Energy Forum Tbilisi – 2019 changed
“The 8th International Caspian Energy Forum Tbilisi – 2019, scheduled for June 21, will focus on the development of the Azerbaijan-Georgia relations in the field of economy and energy”,
Misunderstanding over Poti deep sea ports
There was misunderstanding around deep sea ports in Georgia – in Poti.
High demand for dollars or the investment decline – Why Georgian Lari depreciates
$1 equals GEL 2,7470 in the official rate set by the National Bank of Georgia (NBG).
PSP Group confirms negotiations regarding purchasing of GEO Hospitals
PSP Group confirms negotiations regarding purchasing of GEO Hospitals.
New life to be given to Dashbashi Canyon
Georgia’s Agency of Protected Areas is planning to give new life to Dashbashi Canyon in Tsalka (southeastern Georgia).
Who is constructing “Khadori 3” Hydropower Plant in Pankisi Gorge?
Clashes broke out in Pankisi Gorge, Georgia’s northeastern region between special forces and residents
Business Positive – Successful radio program from Radio Positive
Starting point of radio program Business Positive is to meet interesting people, communicate with them and deliver information that is interesting for the audience.
A factory of electric vehicles to be built in Kutaisi
Prime Minister Mamuka Bakhtadze stated that a factory of electric vehicles will be built in Kutaisi at the presentation of the Aigroup business group.
Qvevri-shaped hotel complex to be built in Telavi
A Qvevri-shaped hotel complex is scheduled to be built in the village of Shalauri in Telavi, Kakheti (east part of Georgia).
PHOTO OF THE DAY
GEL Exchange Rate
Convertor
17.09.2019
18.09.2019
USD
1
USD
2.9608
2.9626
EUR
1
EUR
3.2699
3.2657
GBP
1
GBP
3.6874
3.6745
RUB
100
RUB
4.6206
4.6163
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.9626
EUR
1
EUR
3.2657
GBP
1
GBP
3.6745
RUB
100
RUB
4.6163
September 2019
Mon Tue Wed Thu Fri Sat Sun
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30