Georgia Healthcare, the largest healthcare services provider in Georgia, said it would use the net proceeds to renovate and develop recently bought healthcare facilities, fund expansion plans and reduce debt.

Citigroup Global Markets Ltd and Jefferies International Ltd will be joint financial advisers and joint global coordinators. Numis Securities, Renaissance Capital, and Galt & Taggart are acting as co-lead managers, the company said.

Georgia Healthcare, which also provides medical insurance, reported revenue of GEL 108.8 million in the first half of 2015.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Anupama Dwivedi)