Block is an investment company founded in 1993 with a total Net Asset Value of over $100 million that is active in different market sectors in Georgia and Latin America. 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 first 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..
In 2013, Block started investments in a growing energy sector of Georgia. The company studied 3 different locations for the wind farm development, and launched 30MW Paravani Wind Farm, which is currently under development.
In 2014, Block sold its 49% of shares in My Family Clinic to Bank of Georgia, to focus on the investments where it has majority shareholdings.
In 2015, Block founded healthcare management company Primed, which today consists of 5 mono profile hospitals and 7 ambulatory care centers, mainly located in western part of Georgia.
In 2016, Block has signed major partnership agreements with international corporations: Radisson Hotel Group, Louvre Hotels Group and Vatel Group, on the development of Radisson Hotel, Golden Tulip Hotel, and Vatel University in Tbilisi, Georgia. All these projects are currently under development.
In 2017, Block signed joint venture agreement with Orbi Group on the development of largest real estate project in Tbilisi, Georgia. Mixed-use development will feature apartments, hotel, offices, shopping mall, casino, and several food and beverage outlets.
In 2018, Block acquired 50% stake in American Hospital Tbilisi project, currently under construction, with 170 beds will be largest JCI accredited hospital in the region.