The Georgian Ministry of Labour Healthcare and Social Affairs has selected AlphaMedic for the redevelopment, finance and operation of three major hospitals in Tbilisi.

The project will involve the upgrade and operation, under the UK model of care, the following three major hospitals in the capital of Georgia: 

• Republican Hospital
• Universal Medical Centre
• Children’s Infectious Diseases Hospital

The project, which is titled The Tbilisi Cluster Healthcare PPP Transformation Project, involves the total transformation through the rationalisation of the three hospitals into one modern fully digitised 460 bed tertiary facility that will be provide state of the art clinical services. The project is planned to be implemented in 36 months.

The project will follow a build own operate (BOO) PPP model. As part of the project requirements and in addition to the above, the consortium is expected to design, build and operate (delivering both Clinical Services & Facility Management) a complimentary Primary Care Network again to UK standards.

The total project investment is estimated at US$500 million. According to sources AlphaMedic plans to invest approximately GEL250 million (US$101 million).

AlphaMedic Bid Develoment Lead Leo McKenna stated:

This signifies improved health system for patients in Tbilisi and on the territory of Tbilisi. Moreover, various modern healthcare facilities will be arranged in Tbilisi. Local companies will increase their commercial potential, new job places will be created for local population. This investment will inspire this regeneration in the country. Moreover, many non-profile benefits will be also reaped as part of the project.

Part of the investments will be attracted by the project partners. Two shareholder partners are AlphaMedic and the Partnership Fund and their financial participation will constitute 40% of total investments, while the remaining 60% will be mobilized from creditors.