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MDMG OPENS NEW IVF DEPARTMENT IN MOSCOW

16 Mar 2016 07:00

RNS Number : 2025S
MD Medical Group Investments PLC
16 March 2016
 

 

 

MD MEDICAL GROUP OPENS NEW IVF DEPARTMENT IN MOSCOW

16 March 2016, Moscow - MD Medical Group Investments Plc ("MD Medical Group", "MDMG" or the "Company" - LSE: MDMG), a leading Russian private healthcare provider, has opened a new IVF department at its Mother and Child Yugo-Zapad clinic in Moscow.

 

The new department, which can carry out 800 IFV cycles a year, comprises one operating room and one day-patient unit with capacity of up to 12 people per day. The expanded Mother and Child Yugo-Zapad clinic will offer new services including hysteroscopy and fertiloscopy, as well as chorion biopsy and amniocentesis for genetic research. The opening of the new department will more than double the area of the clinic to 540 sq m from 205 sq m.

 

Overall investment into the project amounted to RUB 40 million.

 

Elena Mladova, CEO of MD Medical Group, said:

"We are seeing growth in demand for IVF in Moscow and decided to open a new specialised department to bring the joy of parenthood to more residents of the Russian capital. In 2015, the number of newborns in the city increased 3.5% and some of the children were born thanks to reproductive medicine.

"This project was implemented as part of our plans to expand our presence in Moscow. 10 years ago, our business was born here, and we continue to see a further growth potential in the Moscow market."

 

For further information please contact:

 

Investors

Media

 

Elena Romanova

MD Medical Group Investments PlcTel: +7 495 331 4120e.romanova@mcclinics.ru

EMTom Blackwell / Sergii Pershyn Tel: +7 495 363 2849MDMG@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 29 modern healthcare facilities, including 4 hospitals and 25 outpatient clinics in Moscow, St. Petersburg, Ufa, Perm, Samara and Samara region, Irkutsk, Novosibirsk, Irkutsk, Yaroslavl, Ryazan, Novokuznetsk, Krasnoyarsk, Omsk, and Barnaul.

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.

Forward-Looking Statements:

This press release contains forward looking statements, which are based on the Company's current expectations and assumptions and may involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. The forward looking statements contained in this press release are based on past trends or activities and should not be taken that such trends or activities will continue in the future. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a number of variables which could cause actual results or trends to differ materially, including, but not limited to: conditions in the market, market position of the Company, earnings, financial position, cash flows, return on capital and operating margins, anticipated investments and economic conditions; the Company's ability to obtain capital/additional finance; a reduction in demand by customers; an increase in competition; an unexpected decline in revenue or profitability; legislative, fiscal and regulatory developments, including, but not limited to, changes in environmental and health and safety regulations; exchange rate fluctuations; retention of senior management; the maintenance of labour relations; fluctuations in the cost of input costs; and operating and financial restrictions as a result of financing arrangements.

No statement in this press release is intended to constitute a profit forecast, nor should any statements be interpreted to mean that earnings or earnings per share will necessarily be greater or lesser than those for the relevant preceding financial periods for the Company. Each forward looking statement relates only as of the date of the particular statement.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDELFFQXFBBBF
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