MD Medical Group Completes Acquisition of Medica Clinic in Novokuznetsk
MD Medical Group Investments Plc (“MD Medical Group”, “MDMG” or the “Company” – LSE: MDMG), Russia’s leading provider of private women’s and children’s healthcare, today announces that it has completed the acquisition of Medica, a clinic focused on women’s and reproductive health located in Novokuznetsk, Kemerovo region.
Mark Kurtser, Chairman of the Board of Directors of MD Medical Group, said:
“I am pleased to announce the acquisition of our 20th clinic in a new region, and one where we see great potential. Medica’s excellent reputation in the region is founded on the high quality of medical care provided and deep experience of the Medica team.
“We understand the Medica business well, as its focus on women’s health and IVF is fully in line with our own.
“We expect that the new clinic will further strengthen the results of our network as early as 2016.”
Further information on Medica is available on the Group’s website: {root}presentations/.
About Medica
The facilities at Medica, established in 2009, include an IVF department, out-patient clinic, an operative gynaecology unit, and a “one-day” in-patient unit. Its highly professional team of doctors uses state-of-the-art medical equipment to offer a range of high-tech services, including IVF, prenatal care, ultrasound, minor gynaecological surgery, in-patient and out-patient treatments and plastic surgery. Medica benefits from an advantageous location within a medical community.
About Kemerovo region
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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 24 modern healthcare facilities, including 4 hospitals and 20 outpatient clinics in Moscow, St. Petersburg, Ufa, Perm, Samara and Samara region, Novosibirsk, Irkutsk, Yaroslavl, Ryazan and Novokuznetsk.
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.
Forward-Looking Statements:
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