MD Medical Group launches MD Group Michurinsky Multifunctional Hospital in Moscow - News

13 November 2023 – MD Medical Group Investments Plc (“MD Medical Group”, “MDMG”, the “Group or the “Company” – MOEX: MDMG), one of the largest healthcare companies in Russia, announces the opening of the out-patient division of its new multifunctional hospital MD Group Michurinsky (the “Hospital”).

The launch of an eight-floor medical centre with a total area of 8,755 sq m will be a two-stage process. Today, as part of the first stage, the diagnostic and treatment centre of the Hospital opens its doors to offer a full range of out-patient services. The out-patient clinic for adults offers consultations in areas such as therapy, gastroenterology, neurology, cardiology, traumatology, endocrinology, genetics, nephrology, osteopathy and other disciplines. Ultrasound and functional diagnostics are also available. Adults can get vaccinated against flu and other infections. The MD Group Michurinsky children’s out-patient clinic is also in operation starting today, offering to little patients appointments with paediatricians, neurologists, cardiologists, endocrinologists, dermatologists, psychiatrists, massage therapists, and ultrasound practitioners. At the women’s health centre, patients can seek help from obstetrics and gynaecology specialists, ultrasound practitioners, and fertility specialists. The new multidisciplinary centre has an annual capacity of up to 231,000 out-patient treatments and up to 2,000 IVF cycles.

The in-patient division with a capacity of 60 beds, which includes 10 intensive care beds, 40 round-the-clock in-patient beds, 10 day in-patient beds and 6 state-of-the-art operating rooms, will be launched in December.

The new hospital will offer a wide range of healthcare services for the entire family, including surgical and medical treatment for adults, IVF, as well as functional diagnostics and out-patient care for adults and children. It boasts new modern medical equipment by some of the world's leading manufacturers, such as Karl Storz, General Electric Healthcare, Samsung, Mindray, and Fujifilm. The hospital will be offering treatment under Voluntary and Mandatory Health Insurance programmes.

Mark Kurtser, CEO at MDMG, said:

“We are delighted to open our doors at the out-patient centre of the new multidisciplinary hospital that we acquired in summer. In just three months, we have been able to complete fitting our centre with new high-tech equipment while also hiring the best healthcare professionals to provide the level of services that meets the high quality standards of MD Medical Group. The launch of a round-the-clock in-patient division in December will help us improve the availability of the Group's in-patient services in Moscow and the Moscow Region.”


  1. This announcement contains inside information

About MD Medical Group

MD Medical Group is a leading provider in the highly attractive Russian private healthcare service market. Today, the Company manages 54 state-of-the-art healthcare facilities, including 11 multidisciplinary hospitals and 43 out-patient clinics in 27 regions of the Russian Federation. In 2022, MD Medical Group's revenue amounted to RUB 25.2 bln while EBITDA amounted to RUB 7.9 bln. The Company's GDRs are traded on Moscow Exchange (MOEX: MDMG).

This announcement contains inside information.
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