MD Medical Group to Expand Moscow Clinic
MD Medical Group Investments Plc (“MDMG”, the “Company”, or the “Group”), Russia’s leading provider of private women’s and children’s healthcare, announces that it has expanded its Mother & Child Clinic Yugo-Zapad in Moscow in order to meet growing demand for services at the clinic.
MDMG has expanded the area of the clinic by 40% reaching a total of 335m2, having invested approximately RUB 40 million in the expansion of the facility and the acquisition of additional equipment.
This will enable the Group to keep up with the strong demand for its core services of obstetrics, gynaecology (OBGYN) and paediatrics, and also to provide treatment in the areas of general medicine, urology, endocrinology and others.
Elena Mladova, CEO of MD Medical Group, said:
“We are pleased to have successfully expanded the premises of our Yugo-Zapad clinic, as we aimed to keep pace with strong and growing demand for medical services. The expansion will ensure that we can continue to provide services to our patients in the high-quality, spacious and comfortable environment, which they have come to expect from MDMG.”
For further information please contact:
|
Investors |
Media |
|
Elena Romanova
|
|
|
|
Consilium Strategic Communications London Emma Thompson / Matthew Neal Tel: +44 20 7309 5700 MDMG@em-comms.com |
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 17 modern healthcare facilities, including 2 hospitals and 15 outpatient clinics in Moscow, St. Petersburg, Ufa, Perm, Samara and Samara region, Irkutsk and Yaroslavl. In addition, 3 franchised outpatient clinics operate in Kyiv, Ukraine.
The Company's main medical facilities are the Perinatal Medical Center (PMC), a 250-bed medical centre, which opened its doors in 2006, and Lapino hospital, a 182-bed medical centre, which opened at the end of 2012. In 2013, there were 3,816 deliveries in PMC and Lapino. The number of outpatient treatments for 2013 in PMC and the Company's outpatient clinics totalled 627,247. In March 2013, the Company began construction of its third hospital in Ufa. In April 2013 MD Medical Group completed the acquisition of the IDK Medical Company ("IDK"), a network of women's and children's health clinics located in the Russian region of Samara. In May 2013, the Company acquired Mother&Child clinic in Irkutsk, which had previously operated through a franchise agreement with MD Medical Group. The same month the Company completed a large-scale modernisation project of its Mother & Child Health Clinic in Moscow. In December 2013, a new outpatient clinic was opened in Yaroslavl which became the first healthcare facility in the region to provide IVF services.
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.