The Georgian Competition and Consumer Agency (GCCA) has concluded that the concentration to be implemented through the acquisition of 100% of the shares of “St. Michael’s Hospital” LLC by “European University” LLC is compatible with the competitive environment.
“European University” LLC operates in the higher education sector, while “St. Michael’s Hospital” LLC and the Legal Entity of Public Law (LEPL) “Jo Ann University Hospital”, which is controlled by “European University” LLC, operate in the healthcare services market.
The assessment of the potential effects of the concentration was conducted with respect to inpatient medical institutions operating in Georgia and covered both inpatient and outpatient healthcare services. The analysis was based on revenues generated within the framework of the Universal Healthcare State Program as well as revenues obtained outside the program.
The analysis was carried out using data from 2024, along with the results for the first nine months of 2025.
The assessment established that the market is low-concentrated across all examined segments and that the market shares of the parties to the concentration, as well as those of their affiliated entities, are limited. Furthermore, the increase in the Herfindahl-Hirschman Index (HHI) was found to be insignificant. Accordingly, the Agency determined that the planned concentration will not have a significant impact on the market and is compatible with the competitive environment.
In accordance with Georgian legislation, concentration is subject to notification to the Agency if the aggregate (total) joint income of its participants on the territory of Georgia, exceeds 20 million GEL and the joint income of at least two persons participating in the concentration exceeds 5 million GEL for the previous financial year. In case of bypassing the Competition Agency subject to the mandatory notification, before the Agency reviews the notification or despite the negative conclusion, the person with the obligation to submit the notification shall be fined.
In 2025, the Georgian Competition and Consumer Agency approved 18 concentrations.
