3Q23 & 9M23 Performance Overview
Private large
portfolio companies
EXTERNALLY VALUED
HOSPITALS BUSINESS OVERVIEW
State healthcare spending, GEL millions
13%
11%
10%
9%
9%
9%
9%
800
10%
10%
964
946
980
681
710
760
829
1,680
574
841
917
883
281
343
305
329
349
2015
2016
2017
2018
2019
2020
2021
2022
2023B
GEORGIA
CAPITAL
Country's expenditure on healthcare as a
% of GDP reached 4.0%.
• Government spending on healthcare
accounts to c.10% of total budget in 2023
State Healthcare Spending - Other
State Healthcare Spending - UHC
Healthcare spending as a % of total state spending
Key focus areas in medium and long-term
1
Adding new services and strategic projects
2
Quality projects
3
Improved key operational data
4
Digitalisation of clinical processes
Ambulance, oncology centre, transplantology center, radiology
hub, medical tourism clinical trials, post COVID programmes
Nursing reform/CRM development/Quality education programmes
Automatisation of clinical processes in hospitals/Digitalisation of
clinical KPIs/Use of statistical methods
Inpatient/Outpatient/Clinical/Employee and customer satisfaction
Next 5-year targets
EBITDA CAGR 10%+
EBITDA TO OPERATING CASH c.85%+
ROIC: c.13%+
54View entire presentation