The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMDMG.L Regulatory News (MDMG)

  • There is currently no data for MDMG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

MDMG TO BUY ARTMEDGROUP HEALTHCARE CHAIN

7 Dec 2015 07:24

RNS Number : 1546I
MD Medical Group Investments PLC
07 December 2015
 

 

 

MD Medical Group TO BUY ARTMEDGROUP HEALTHCARE CHAIN

07 December 2015, Moscow - 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, today announces the proposed acquisition of 100% shares in ARTMedGroup (AMG), a chain of reproductive technology centres, one of Russia's top 5 largest healthcare companies and the leader in Siberia in terms of IVF cycles completed.

ARTMedGroup has been active on the reproductive medicine market for 19 years. Currently, its chain comprises four centres in Siberia's largest cities - Krasnoyarsk, Omsk, Novosibirsk and Barnaul - with a total population of 4.3 million or nearly a quarter of the Siberian Federal District's total population. The District has a high birth rate - more than 283,000 children were born in 2014, and its birth rate of 14.7 per 1,000 residents exceeds the average for Russia (13.3) and Moscow (11.4).*

ARTMedGroup's medical centres specialise mainly in IVF, but the company also offers medical services in the field of women's and children's healthcare. The total clinics' premises cover a total area of 3,415 sq m.

In 2014, ARTMedGroup's revenue amounted to RUB 395 mln.

The Company expects to close the deal in January 2016, subject to approval by the Federal Antimonopoly Service of the Russian Federation. MDMG will acquire the shares for a consideration of RUB 485 mln.

Mark Kurtser, Chairman of the Board of Directors of MD Medical Group, said:

"By acquiring ARTMedGroup's chain of centres for reproductive medicine, we will enter several new markets boasting attractive demographics, and will further reinforce our lead in the IVF sector in Russia and the Siberian Federal District in particular.

"ARTMedGroup's highly skilled team has long-standing experience, a solid track-record on the Russian market, and a sound understanding of regional nuances. These factors, combined with our high quality standards, will be the core forces driving the continued successful development of the centres under the control of MD Medical Group."

 

*Jan-Dec 2014, Rosstat.

 

For further information please contact:

 

Investors

Media

 

Elena Romanova

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

EMMoscowTom 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 23 modern healthcare facilities, including 4 hospitals and 19 outpatient clinics in Moscow, St. Petersburg, Ufa, Perm, Samara and Samara region, Novosibirsk, Irkutsk, Yaroslavl and Ryazan.

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
 
 
MSCGRBDDDDGBGUR
Date   Source Headline
23rd May 20237:50 amEQSMD Medical Group Investments Plc: MD Medical Group announces intention to delist GDRs from the LSE
28th Apr 20238:00 amEQSMD Medical Group Investments Plc: MD Medical Group announces operating results for Q1 2023
26th Apr 20233:00 pmEQSMD Medical Group Investments Plc: The results of the Annual General Meeting of shareholders
10th Apr 20234:10 pmEQSMD Medical Group Investments Plc: MD Medical Group launches the procedure for changing the GDR program depositary
3rd Apr 20239:00 amEQSMD Medical Group Investments Plc: MD Medical Group Annual report 2022
3rd Apr 20238:00 amEQSMD Medical Group Investments Plc: MD Medical Group maintains strong EBITDA margin
3rd Apr 20238:00 amEQSMD Medical Group Investments Plc: MD Medical Group announces the Annual General Meeting
6th Feb 20238:00 amEQSMD Medical Group Investments Plc: MD Medical Group announces operating results for Q4 2022
6th Feb 20237:01 amEQSMD Medical Group Investments Plc: MD Medical Group announces operating results for Q4 2022
23rd Jan 20233:00 pmEQSMD Medical Group Investments Plc: Results of the Extraordinary General Meeting of shareholders
23rd Jan 20232:00 pmEQSMD Medical Group Investments Plc: Results of the Extraordinary General Meeting of shareholders
13th Jan 20238:00 amEQSMD Medical Group Investments Plc: MD Medical Group opens new Medical centre in Moscow Region
13th Jan 20237:00 amEQSMD Medical Group Investments Plc: MD Medical Group opens new Medical centre in Moscow Region
30th Dec 20229:00 amEQSMD Medical Group Investments Plc: MD Medical Group announcement of the Extraordinary General Meeting
30th Dec 20228:00 amEQSMD Medical Group Investments Plc: MD Medical Group announcement of the Extraordinary General Meeting
18th Nov 20228:00 amEQSMD Medical Group Investments Plc: MD Medical Group opens new clinic in Yekaterinburg
18th Nov 20227:00 amEQSMD Medical Group Investments Plc: MD Medical Group opens new clinic in Yekaterinburg
31st Oct 20228:00 amEQSMD Medical Group Investments Plc: MD Medical Group announces operating results for Q3 2022
31st Oct 20227:01 amEQSMD Medical Group Investments Plc: MD Medical Group announces operating results for Q3 2022
26th Oct 20229:01 amEQSMD Medical Group Investments Plc: Results of the Board of Directors meeting
26th Oct 20229:00 amEQSMD Medical Group Investments Plc: Results of the Board of Directors meeting
5th Sep 20228:00 amEQSMD Medical Group Investments Plc: MD Medical Group maintains strong EBITDA margin
5th Sep 20228:00 amEQSMD Medical Group Investments Plc: MD Medical Group maintains strong EBITDA margin
30th Aug 202211:00 amEQSMD Medical Group Investments Plc: Results of the Extraordinary General Meeting of shareholders
30th Aug 202211:00 amEQSMD Medical Group Investments Plc: Results of the Extraordinary General Meeting of shareholders
8th Aug 20229:00 amEQSMD Medical Group Investments Plc: MD Medical Group announcement of the extraordinary general meeting
8th Aug 20229:00 amEQSMD Medical Group Investments Plc: MD Medical Group announcement of the extraordinary general meeting
1st Aug 20228:00 amEQSMD Medical Group Investments Plc: MD Medical Group announces operating results for Q2 2022
1st Aug 20228:00 amEQSMD Medical Group Investments Plc: MD Medical Group announces operating results for Q2 2022
23rd Jun 202210:30 amEQSMD Medical Group Investments Plc: MD Medical Group opens new medical centre in Moscow
23rd Jun 202210:30 amEQSMD Medical Group Investments Plc: MD Medical Group opens new medical centre in Moscow
28th Apr 20222:15 pmEQSMD Medical Group Investments Plc: Results of the Annual General Meeting of Shareholders
28th Apr 20228:01 amEQSMD Medical Group Investments Plc: MDMG reports 8% growth in Revenue in Q1 2022
28th Mar 20228:01 amEQSMD Medical Group Investments Plc: MD Medical Group announces the Annual General Meeting
28th Mar 20228:01 amEQSMD Medical Group Investments Plc: MD Medical Group posts 37.7% EBITDA, 41.8% Net profit growth in FY 2021
28th Mar 20228:00 amEQSMD Medical Group Investments Plc: MD MEDICAL GROUP ANNUAL REPORT 2021
9th Mar 20221:06 pmEQSMD Medical Group Investments Plc: MD Medical Group announces board of directors changes
7th Mar 20227:00 amEQSMD Medical Group Investments Plc: MD Medical Group announces board of directors changes
2nd Mar 202210:00 amEQSMD Medical Group Investments Plc: MD Medical Group announces Board of Directors changes
28th Feb 20224:35 pmRNSPrice Monitoring Extension
11th Feb 20227:01 amEQSMD Medical Group Investments Plc: MD Medical Group launched a new hospital Tyumen-2
7th Feb 20227:01 amEQSMD Medical Group Investments Plc: MDMG reports growth in Revenue 32% in FY 2021
25th Jan 20224:41 pmRNSSecond Price Monitoring Extn
25th Jan 20224:35 pmRNSPrice Monitoring Extension
12th Jan 20226:00 amEQSMD Medical Group Investments Plc: MD Medical Group commissioned new multidisciplinary clinical hospital MD Lakhta
10th Jan 20224:38 pmRNSPrice Monitoring Extension
10th Dec 20217:00 amRNSMDMG OPENS FIRST LAB FOR COLLECTION OF ANALYZES
15th Nov 20214:41 pmRNSSecond Price Monitoring Extn
15th Nov 20214:35 pmRNSPrice Monitoring Extension
1st Nov 20217:00 amRNSMDMG REPORTS 44% GROWTH IN REVENUE IN 9M 2021

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.