Georgian ministry sells referral hospital
Georgia, Tbilisi, Nov. 10/ Trend, N. Kirtskhalia /
The Georgian Economic Development Ministry has put the government's 100-percent stake in a referral hospital up for sale.
The initial bidding price on the facility is $500,000.
The referral hospital's authorized capital is 1.939 million lari ($1 = 1.77 lari). Its accounts receivable hit 166,188 lari with credit debts of 333,255 lari.
After 36 months of executing the contract, the new owner will be obliged to invest 3 million euro in the hospital according to the following schedule: first 12 months - 250,000 euro, next 12 months - 500,000 euro, last 12 months - 2.25 million euro. Within seven years, the hospital must maintain its profile.