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Russia

 

Russian imaging groups on the verge

The CEO of Russia’s biggest imaging group says the market is under severe pressure and the plummeting rouble has already caused bankruptcies. The Diagnostic Treatment Centre (DTC) serves 1.35 million patients a year and has 93 imaging centres. But a combination of intense competition and currency depreciation will cut dollar profits to a third of 2014 levels this year.
December 18, 2015

MD Medical Group buying up Siberian fertility chains

The Russian maternal and child healthcare group, MD Medical Group (MDMG), has made two further acquisitions in Siberia. Medica is an IVF, obs and gyne provider in Novokuznetsk. ARTMed Group is Siberia’s largest IVF provider with five centres in Siberia’s four largest cities. Both deals are subject to approval by regulators. We spoke to MDMG CFO, Vitaly Ustimenko.
December 11, 2015

Report: All listed healthcare service companies active in Emerging Markets

Here we present the first comprehensive list of all 57 quoted healthcare service companies which are active in Emerging Markets. The list includes companies headquartered in the Developed World, who have interests in Emerging Markets, such as Air Liquide, Fresenius or Ramsay Health Care, as well as quoted operators from the region, such as IHH, Apollo or Integrated Diagnostic Holdings. It covers everyone from Chilean hospitals to Egyptian lab operators and from NYSE quoted operators in China to big groups in Malaysia and Indonesia.
September 28, 2015

Senior Assist to triple beds in Chile

Senior Assist, the Belgian elderly care group, expects its nursing home business in Chile to triple to 1,500 beds by 2018. The group has also opened homes in Turkey and Uruguay and is looking at Colombia, Russia and Thailand. We talk to Roderick Peters, CEO of Senior Assist Latin America about the Latin America market.
September 22, 2015

Interview: Dr Mark Kurtser, chairman, MD Medical Group

Shares in MDMG, the largest Russian player in obs, gynae and paediatrics have crashed 70% since its listing on the London Stock Exchange in 2012, yet there doesn’t seem a lot wrong with the half year results with sales up 36% at RUB 4.52bn ($70m) and EBITDA ahead 29% at RUB 1.25bn ($20m) in the first half of 2015. Kurtser, once chief obstetrician and gynaecologist of the city of Moscow and the go-to-doctor for the Russian elite, has built the business from scratch and still owns 68%.
September 11, 2015

FREE BLOG Falling currency spells doom for some

You’re running a hospital group in an emerging market and your medtech bill suddenly doubles, so does your rent and your debt. That is the reality for many Russian hospital groups after the currency halved against the dollar. Western medtech is vital and dollar-denominated debt and rents are common.
September 11, 2015

Interview: Dr Mark Kurtser, chairman, MD Medical Group

Shares in MDMG, the largest Russian player in obs, gynae and paediatrics have crashed 70% since its listing on the London Stock Exchange in 2012, yet there doesn’t seem a lot wrong with the half year results with sales up 36% at RUB 4.52bn ($70m) and EBITDA ahead 29% at RUB 1.25bn ($20m) in the first half of 2015. Kurtser, once chief obstetrician and gynaecologist of the city of Moscow and the go-to-doctor for the Russian elite, has built the business from scratch and still owns 68%.
September 11, 2015

G Square sells Swiss dentist and buys a Dutch one

The auction of Zahnartzentrum, the largest Swiss private dentistry chain has ended with management buying back the minority stake held by private equity house G Square, the only private equity house to specialise solely in investing in healthcare services across Europe. Meanwhile, G Square has just bought a substantial stake in a very similar business in the Netherlands.
July 23, 2015

New hospital heralds launch of PMI in Hungary

A big new outpatient centre has just opened in Hungary  with the promise of “the first private medical insurance policy for Hungarians at cut price rates. A 150 bed hospital will follow shortly. Joseph Priel, the president of Euromedic International, the largest Hungarian medtech distributor,is behind the new 3,500 square metre clinic, boasting two operating […]
July 21, 2015
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