MD Medical Group Announces the Planned Opening Ceremony of its New Hospital in Ufa
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 health care, today announces that the opening ceremony of its new hospital in Ufa is scheduled for 31 October 2014.
The new 181-bed clinical hospital «Mother & Child Ufa», located in the capital of the Republic of Bashkortostan, will be the first Company’s hospital outside of the Moscow region, and the third purpose-built hospital in MDMG’s network of first-class medical institutions. The hospital, with total area of 33,000 m2, will be fully equipped with the latest-technology and modern medical equipment to handle up to 3,000 deliveries and 1,100 IVF cycles, provide approximately 240,000 out-patient treatments and 31, 000 bed-days per year. The new hospital will provide employment opportunities for c.800 people.
Mother & Child Ufa will be a multi-purpose hospital offering a wide range of high-quality services, some of which are not currently available in the republic, including both in-patient and out-patient treatments in specialisms such as gynaecology and obstetrics, neonatology, reproductive technologies, paediatrics, surgery, urology, restorative medicine and others.
Commenting on the upcoming opening, Dr Mark Kurtser, Chairman of the Board of Directors of MDMG, said:
«The Board is delighted to announce that MDMG is now approaching the successful completion of its largest project launched since the IPO and will open the hospital ahead of schedule. Our first regional hospital has been designed to meet the needs of the local population in Ufa and Bashkortostan as well as neighboring regions, in addition to complementing the services we already offer at our Ufa Clinic. “MDMG provides the highest-quality modern medical services to women and children in Russia by offering innovative technologies and its unrelenting commitment to the care of patients and rigorous safety standards. I look forward to the opening of the Ufa hospital and the continued expansion of MDMG throughout the most attractive regions of Russia.»
For further information please contact:
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Investors |
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Elena Romanova
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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 Centre (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.