Evex Hospitals

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

The senior secured loan of up to USD 10,000,000 to JSC Evex Hospitals ("Evex"). Proceeds to finance capital expenditures as well as partially refinance the local currency private bonds which are maturing in July 2022.

Project ID 53718

Status Repaying

Location

Georgia

Business Sector

Manufacturing and Services

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

Ketevan Kalandarishvili
kkalandarishvili@ghg.com.ge
+995322550505
+995322550505
www.ghg.com.ge
142 Beliashvili St. Tbilisi 0159, Georgia.

Project ID 53718

Status Repaying

Location

Georgia

Business Sector

Manufacturing and Services

Notice Type

Private

Environmental Category

Approval Date

06 Jul 2022

Disclosure date

01 Jun 2022

Evex Hospitals (Georgian) (PDF, 0.75MB)

Project description

Project objectives

The Project will finance Evex's capital expenditures programme which includes: (i) introduction of additional services across the selected hospitals and (ii) planned upgrade of number of regional hospitals. The Project also entails partial refinancing of the maturing private local currency bonds of Evex which will benefit liquidity position of the company.

Client information

EVEX HOSPITALS JSC

Evex Hospitals is the largest healthcare service provider in Georgia. Evex Hospitals offers wide-ranging impatient services through a network of 17 referral hospitals in the capital and regions with the total bed capacity of 2,600.

EBRD Finance Summary

USD 10,000,000.00

Total project cost

USD 10,000,000.00

Additionality

EBRD's additionality stems from offering financing that is not easily available in the market from commercial sources on comparable terms and conditions and helping the client achieve higher equal opportunities standards as well as higher quality standards in the area of Antimicrobial Resistance.

Environmental & Social Summary

Categorised B (2019ESP). GHG is an existing client with several preceding projects, and their E&S performance has been satisfactory to date. For the most recent project with GHG, ESD reviewed the corporate Environmental & Social Due Diligence (ESDD) Questionnaire in April 2020. In addition, ESD reviewed GHG's annual environmental report in December 2021. The most recent monitoring visit to their hospital and laboratory funded by the Bank was in October 2019 in conjunction with an Antibiotics Resistance (AMR) Risk Management workshop following a technical hospital audit. For this new project, ESDD was carried out by ESD by reviewing the status of the existing Environmental & Social Action Plan (ESAP) associated with the
previous projects with the client. The ESDD shows that GHG has capacities to implement the new project in compliance with PRs. An updated ESAP has been developed which needs to be agreed by the client prior to the Board. GHG is required to ensure that the project complies with EBRD PRs, to implements the updated ESAP as well as continue to submit an annual environmental and social report to the Bank.

The updated comprehensive ESAP reflects healthcare-specific health & safety of the patients and staff, the steady progress of the existing ESAP implementation and the context of the project as well as still required provisions to address the pandemic in the healthcare facility. It comprised of the continuing HR and OHS management, building life & fire safety management, environmental risk management including medical & hazardous waste and effulgent management and monitoring, respect of patient rights and AMR risk management including in-hospital infection prevention & control, antibiotics stewardship, laboratory capacity building and surveillance. On-line monitoring on GHG's engagement with Antimicrobial Resistance ("AMR") issues based on the 2019 AMR audit, and capacity building training is planned in coming months. Any gaps identified in the monitoring will be further supported by an additional e-learning medium-term training scheme. Those have been also incorporated into the ESAP. The Bank will monitor the project by reviewing an annual environmental and social report as well as a visit if deemed necessary.

Company Contact Information

Ketevan Kalandarishvili
kkalandarishvili@ghg.com.ge
+995322550505
+995322550505
www.ghg.com.ge
142 Beliashvili St. Tbilisi 0159, Georgia.

Implementation summary

PSD last updated

23 Jun 2022

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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Evex Hospitals

Overview

Project timeline

Company Contact Information

Project description

Project objectives

Client information

EBRD Finance Summary

Total project cost

Additionality

Environmental & Social Summary

Company Contact Information

Implementation summary

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)