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17 February 2017

MD Medical Group Opens New Hospital in Novosibirsk

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MD Medical Group Investments Plc (“MD Medical Group”, “MDMG” or the “Company” – LSE:MDMG), a leading Russian private healthcare provider, announces the opening of a new hospital in Novosibirsk. Construction work on the in-patient facility was launched in 4Q 2015, and was completed on schedule.

The new hospital will be merged with the existing Avicenna Mother & Child Novosibirsk hospital, creating the largest private healthcare facility in Siberia. The opening of a new building delivered a significant capacity increase, with the total floor area more than tripling to 10,260 sq m. The new building offers 93 beds, 27 offices, and three state-of-the-art operating theatres with high-tech equipment.

As a result, the deliveries department is able to handle up to 1,000 deliveries per year; in-patient OBGYN and surgical departments’ capacities have increased to 7,300 and 11,680 patient days, respectively, while the potential volume of out-patient treatments has increased to 228,900 per year. Thanks to the opening of a new intensive care department and addition of new surgical beds, the hospital’s operating capacity has doubled, and now exceeds 12,000 per year.

Capacity expansion at the Avicenna Mother & Child Novosibirsk hospital following the opening of a new building

Indicator
Before
After
Growth
Deliveries (per year)
540
1,000
85%
IVF (per year)
1,800
1,800
-
In-patient days (per year)
4,015
22,630
464%
Out-patient treatments (per year)
47,124
228,900
386%
Beds
29
93
221%
Floor area, sq m
3,260
10,260
215%

The opening of the new building means that the hospital will be able to offer a range of new services, including those not currently available in the city or the region. This includes an oncology department able to offer chemotherapy cycles with sophisticated equipment and comfortable conditions for patients, as well as a radioisotope diagnostics laboratory where specialists can diagnose and monitor oncology treatment, completely unparalleled in Novosibirsk, coloproctological department, additional endoscopic operating room, ambulance reception ward, emergency operating theatre and emergency ward in a single unit, haemodialysis beds, as well as additional capacity for the out-patient diagnostics centre. The hospital will also offer excimer laser vision correction treatments.

The new building includes a new paediatrics in-patient department with an annual capacity of 3,650 in-patient days, where certain types of foetal surgery will be carried out, as well as fully equipped paediatric intensive care unit (PICU), neonatal intensive care unit (NICU) for pre-term babies.

The Group’s total investment amounts to RUB 1.3 bln, which is in line with initial plans.

Mark Kurtser, CEO of MDMG, said:

“I am pleased to announce the that we have successfully completed one of the largest projects in the Group’s history – the construction of a new hospital in Russia’s third most populated city – fully in line with the timeframe and budget which we initially announced.
 
“This new hospital will become a powerful healthcare hub in the Siberian Federal District – a region that is home to 20 million people – where the local residents will be able to receive high-tech medical care. “
 
This expansion on the attractive Siberian market, where we are already represented by 11 medical facilities, was carried out in response to considerable demand for the highly professional services that MDMG offers residents of Novosibirsk and neighbouring regions, and fully corresponds to our regional development strategy.”

Kirill Dmitriev, CEO of Russian Direct Investment Fund, member of Board of Directors of MDMG, said:

“Investors support MD Medical Group's continued dynamic development. Not only is the company sustainably maintaining its leadership in the private healthcare market in Russia, it is also bringing innovative technologies, state-of-the-art equipment, and highly qualified personnel to its medical facilities across the country.
 
“The opening of this new hospital in Novosibirsk is a perfect example of how these plans are being implemented. It is further testament both to the management team's professionalism and to its commitment to benefiting communities.”

For further information please contact:

Investors
Media
Elena Romanova
MD Medical Group Investments Plc
Tel: +7 495 331 4120
e.romanova@mcclinics.ru
EM

Tom Blackwell: +7 919 102 9064
Sergii Pershyn: +1 929 855 8188

About MD Medical Group

MD Medical Group operates in the highly attractive Russian private healthcare service market and has a leading position in high-quality women's health and paediatrics. The company manages 32 modern healthcare facilities, including 4 hospitals and 28 outpatient clinics in Moscow and Moscow region, St. Petersburg, Ufa, Perm, Samara and Samara region, Irkutsk, Novosibirsk, Irkutsk, Yaroslavl, Ryazan, Kostroma, Novokuznetsk, Krasnoyarsk, Omsk, Barnaul, and Vladimir.

The Company’s shares have been listed on the London Stock Exchange (LSE ticker “MDMG”) in the form of Global Depositary Receipts (GDRs) since 12 October 2012.


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