MD MEDICAL GROUP ANNOUNCES THE START OF CONSTRUCTION OF LAPINO-4

29 December 2020, Moscow – MD Medical Group Investments Plc ("MD Medical Group", "MDMG" or the "Company" – MDMG), a leading Russian private healthcare provider announces the start of construction of a new multifunctional hospital ("Lapino-4") on the Lapino medical complex grounds.

The construction of the new hospital designed primarily for treatment of coronavirus patients during the pandemic is being done using rapid construction technology. The hospital will have 100 beds. Cumulative investment in the project amounts to 800 million rubles. It is planned that the new hospital will start receiving patients in the first quarter of 2021.

Mark Kurtser, CEO of MD Medical Group, said: "Soon after the inauguration of the "Lapino-2" surgical hospital due to the second wave of the pandemic we were obliged to fully convert it into receiving COVID-19 patients. From the beginning of October 2020 and till today the Lapino-2 hospital is operating with a 100% utilization. By opening another new hospital, we will be able to return to the initial specialization of "Lapino-2", where a state-of-the-art oncology centre offering a full cycle medical service on a high level with adherence to modern world protocols will resume work. At the present moment our new multidisplinary oncological service, which also operates at full strength, is temporarily based at the "Lapino-1" hospital and it is limited in its possibilities to receive patients. After returning to "Lapino-2" it will use its potential fully".