MD Medical Group expands regional IVF capacities
MD Medical Group IPJSC ("MD Medical", "Group" or the "Company"; MOEX: MDMG), a leading Russian private healthcare provider, announces the opening of an IVF center on the basis of the Syktyvkar clinic acquired last June.
After the acquisition, an important stage in the clinic's development was the addition of the Group’s competencies in reproductive technologies. And today MD Group Syktyvkar clinic starts providing services in infertility treatment and IVF, which is in demand in the region, and will become one of the leading private clinics in the Komi Republic providing medical care in the field of reproductive health. The capacity of the IVF center, which occupies 310 sq m of the clinic, is designed for 800 IVF cycles per year.
The total amount of investments in the renovation and equipment of the IVF center amounted to RUB 80 million. This investment was financed from the Company's equity.
With a total area of 1,212 sq m, MD Group Syktyvkar is one of the largest private multifunctional medical centres in the Republic of Komi providing comprehensive consultative, diagnostic, therapeutic and preventive healthcare services for adults and children across a wide range of medical disciplines. The capacity of the clinic allows for 141,000 outpatient visits per year.
About MD Medical Group
MD Medical Group is a leading provider in the highly attractive Russian private healthcare service market. Today, the Company manages 65 state-of-the-art healthcare facilities, including 11 multidisciplinary hospitals and 54 out-patient clinics in 31 regions of the Russian Federation. In 2024, MD Medical Group's revenue amounted to RUB 33.1 bln. The Company's ordinary shares are traded on Moscow Exchange (MOEX: MDMG).