9 Apr 2013 16:03
MD Medical Group
Appointment of Non-Executive Directors
9 April 2013 - 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 healthcare, is pleased to announce the appointment of Angelos Paphitis and Andreas Petrides as a Non-Executive Directors, effective from 5 April 2013.
Angelos Paphitis is an attorney at law, Founder and Managing Director of the Law Firm, A.G.Paphitis & Co LLC. Angelos holds a Masters degree on Commercial & Corporate Law (LLM) from University College London, of the University of London; he is qualified as a Barrister-at-Law in England and Wales (member of Gray's Inn), and he was admitted to the Cyprus Bar Association in 2004. Angelos specialises on Company law and Corporate advisory, Financial Services Advisory, International Tax Planning and Trusts, and has experience in corporate structuring, M&A, dispute resolution and litigation, Property law and IP, and Foreign Investment law in Cyprus and abroad.
Andreas Petrides is the Managing Director of the ASG Premier Audit Services Limited. Prior to joining ASG, he was Senior Supervisor at KPMG. He has a Masters in Management - Concentration in Finance from the University of Arizona and is a member of the Institute of Chartered Accountants in England and Wales. He has experience in acting as the external auditor of public companies in various industries. In addition he specialises in local and international tax planning as well as in investment and corporate valuation.
For more information about MD Medical Group, please visit the Company's web site at www.mcclinics.com, or contact:
M:Communications |
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Tom Blackwell / Anna Yarmarkova - Moscow | Tel: +7 495 363 2846 |
Sarah Macleod / Hollie Vile - London | Tel: +44 20 7920 2300 |
mdmg@mcomgroup.com |
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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 ten modern healthcare facilities, including two hospitals and eight outpatient clinics in Moscow, St. Petersburg, Ufa and Perm. In addition, two franchised outpatient clinics operate in Kyiv and one franchised outpatient clinic in Irkutsk. In 2013, the Company expects to begin construction of its third hospital in Ufa.
The Company's main medical facilities are the Perinatal Medical Center (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 2012, there were 3,253 deliveries in PMC and Lapino. The number of outpatient treatments for 2012 in PMC and the Company's outpatient clinics totalled 422,622.
As of June 30, 2012, the Company employed 1,461 medical specialists and staff. 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.