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    MDMG   US55279C2008

MD MEDICAL GROUP INVESTMENTS PLC

(MDMG)
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Delayed London Stock Exchange  -  02:00 2022-03-03 am EST
5.700 USD   -.--%
08/01MD MEDICAL INVESTMENTS : Group announces operating results for Q2 2022
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06/16MD MEDICAL INVESTMENTS : Completes the renovation of the center for reproductive medicine in novosibirsk
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03/28MD Medical Group Investments Plc Reports Earnings Results for the Full Year Ended December 31, 2021
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MD Medical Investments : COMPLETES THE RENOVATION OF THE CENTER FOR REPRODUCTIVE MEDICINE IN NOVOSIBIRSK

06/16/2022 | 08:33am EDT

MD MEDICAL COMPLETES THE RENOVATION OF THE CENTER FOR REPRODUCTIVE

MEDICINE IN NOVOSIBIRSK

16 June 2022 - MD Medical Group Investments Plc ("MD Medical Group", "MDMG" or the "Company"), a leading Russian private healthcare provider, today announces that I has completed the renovation of the Novosibirsk Center for Reproductive Medicine.

The renovation of the medical centre in Novosibirsk, acquired under a deal with ARTMedGroup in 2016, has been completed. As part of the reconstruction project, the center's capacity was increased, medical equipment, including embryological equipment, was modernized, and new treatment protocols were introduced. In addition, the range of services provided to patients has been significantly expanded, including the introduction of aesthetic gynaecology as part of the development of preventive medicine. After the renovation, the total capacity of the reproductive medicine centre has increased to 1,000 IVF cycles per year.

The total investment in the project was around RUB 23 million, of which RUB 21.6 million were allocated for the maintenance and modernisation of the premises, and RUB 1.3 million were invested in new modern technical equipment.

Marina Sviridova, the chief physician of the Novosibirsk Center for Reproductive Medicine, noted:

"We continue to focus on patient care and remain fully committed to providing new services to a wider number of patients across Russia in line with current trends in medicine.

"As a result of the renovation, we offer our patients new services in the field of minor operative gynaecology, following the latest trends in medicine and introducing new approaches as part of the development of preventive medicine. In addition to these qualitative improvements, this project has allowed us to achieve quantitative changes: the Gynaecology department saw a 40% increase in capacity, while the IVF department increased capacity by 60%.

"We are always ready to provide patients with access to the high-tech medical care of our Company, consistently improving the quality of services provided."

Disclaimer

MD Medical Group Investments plc published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 12:32:05 UTC.


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Sales 2021 25 220 M - -
Net income 2021 6 003 M - -
Net Debt 2021 1 923 M - -
P/E ratio 2021 9,94x
Yield 2021 -
Capitalization 428 M 428 M -
EV / Sales 2020 0,18x
EV / Sales 2021 0,11x
Nbr of Employees 7 489
Free-Float 30,0%
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Last Close Price 347,99 RUB
Average target price 1 100,92 RUB
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Managers and Directors
Mark A. Kurtser Chief Executive Officer & Executive Director
Vladimir Mekler Chairman
Vitaly Ustimenko Independent Non-Executive Director
Tatiana Lukina Independent Non-Executive Director
Sergey Borisovich Kalugin Independent Non-Executive Director