Block Group

Block operates in construction and engineering, healthcare, hospitality and real estate, logistics, education, energy, and mining, with a total workforce of over 1,000 employees. Block is currently realizing projects with a total cost of $250 million . In 1993, founded as a construction company Medimex, that realized several public projects and fir... st pharmaceutical plant in Georgia. In 1997, Medimex and Block A.S. (leading Czech medical engineering company) formed a joint venture Block Georgia that has realized many public and private construction projects worth more than $200 million since its foundation. In 2006, Block started its Investment Business, and participated in a Government privatization plan of healthcare sector, where Block has played an instrumental role and created largest private medical group in Georgia, First Georgian Hospital Network. In 2007, Block has acquired 94.5% stake in a 20,000 sq. m. logistics center, located near the Tbilisi International Airport. Logistics business today is expanding, and currently is developing 10,000 m3 Oil Terminal in Tbilisi. In 2008, Block Group has acquired a controlling stake in insurance company Vesti, making it the 5th largest insurance company on the Georgian market. In 2011, Block and Bank of Georgia conducted a merger of their healthcare businesses, and created the largest healthcare company with over 20% market share My Family Clinic (currently rebranded as EVEX Medical Corporation and listed on London Stock Exchange under Georgia Healthcare Group.) Block held 49% of shares in a newly formed company. In 2012, Block started investments in Venezuela's mining sector, acquiring in total more than 5,000 hectares rich with different metals, such as gold, diamonds, kaolin, granite, etc..Read More