American Hospital Tbilisi

American Hospital Tbilisi

Georgia Georgia

Status: Completed

Investment Size $ 18 Million
Category Healthcare
SOURCE OF FINANCING: DFC

Project Scope:
Multi-specialty hospital in Tbilisi, Georgia

  • Development 
  • Construction
  • Operation

Works undertaken by WFC:

  • Preparing all application documentation as requested by OPIC/DFC
  • Preparing financial projection models, business plans, and all other project-related documentation
  • Consulting the Company on appropriate financial and legal structuring of the Project
  • Organizing and facilitating financial and legal due diligence processes 
  • Facilitating term-sheet and loan agreement negotiations
  • Coordinating all other issues related to project development and fund-raising

Financial Summary:

  • Total Project Size – $ 30.5 million
  • 120 beds
  • OPIC Loan Size – $ 18 million
  • Equity Invested – $ 12.5 million
  • Expected Average Annual Revenue – $ 18 million
  • Expected Average Annual EBITDA – $ 5 million
  • Expected IRR – 16%

Development Impact

The hospital will offer a wide range of high-quality outpatient and inpatient services and introduce cardio surgery and neurosurgery, which are limited in availability in Georgia. 
The Project will be the first in Georgia to involve a U.S. hospital management company thereby introducing modern management practices. 
The Project will create hundreds of jobs in the host country, most of which are professional/technical.