MD Medical Investments : Group expands geographical presence with new clinic in Tula

18 September 2018

MD Medical Group Investments Plc ('MD Medical Group', 'MDMG' or the 'Company' - LSE: MDMG), a leading Russian private healthcare provider, announces that it has opened a new clinic in Tula, approximately 170 km south of Moscow. Investment in the project totalled around 45 million roubles.

Mother&Child Tula has an area of 401 sq m. The clinic offers both the Group's core services for women such as IVF, ultrasound, minor gynaecological operations in the day-patient centre and OBGYN, as well as medical services for all family members including gastroenterology, endocrinology, neurology, urology and andrology services.

The clinic has annual capacities of up to 400 minor gynaecological operations; up to 1,000 IVF cycles, including under the Mandatory Health Insurance (MHI) programme; and more than 26,000 out-patient treatments per year.

The Tula clinic has been created to MD Medical Group's customary high standards of medical care and is fitted with world-class equipment produced by Karl Storz, GE, Olympus, and Origio.

Mark Kurtser, CEO of MD Medical Group, said:

'Our first clinic in Tula marks an important step in our strategy of bringing world-class medical care to the Russian regions where our high-tech medical services and new areas of healthcare, such as prenatal diagnosis, next generation sequencing (NGS) preimplantation genetic diagnosis and foetal medicine among others, are not yet well-represented. Tula is an ancient Russian city, and the Tula Region has a population of over 1.5 million.

'This clinic will be the 39th medical facility in the Mother&Child network. Like our other clinics and hospitals, it will offer our core OBGYN services and also a number of other services for all members of the family. In addition, it focuses on infertility treatment, including under the MHI programme.'

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About MD Medical Group

MD Medical Group is a leading provider in the highly attractive Russian private healthcare service market. The company manages 39 modern healthcare facilities, including 5 hospitals and 34 out-patient clinics in Moscow and the Moscow Region, Tula, St. Petersburg, Ufa, Perm, Samara and the Samara Region, Irkutsk, Novosibirsk, Irkutsk, Yaroslavl, Ryazan, Kostroma, Novokuznetsk, Krasnoyarsk, Omsk, Barnaul, Vladimir, Tyumen, Voronezh, Nizhny Novgorod, and Volgograd.

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.

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