Kirill Dmitriev took part in the opening of Russia’s largest private medical center
Moscow, November 26, 2012 – The Chief Executive Officer of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, participated in the official opening ceremony of the Lapino Clinical Hospital today. The hospital is – the largest private medical center in Russia.
This new hospital is part of the ongoing expansion of the “Mother and Child” chain of clinics, operated by MD Medical Group. The expansion has been funded by the chain’s IPO in October 2012 when, RDIF invested $50 million alongside co-investors including Black Rock investment fund and Russian Partners, a subsidiary of the Siguler Guff company.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF) said: “Today the Russian economy is experiencing a rapidly growing middle class. Industries that address the needs of this demographic are seeing growing demand, and the pharmaceutical sector is at the top of this list. Russia currently has a shortage of institutions capable of providing high quality, technologically advanced medical care. The expansion of MD Medical Group’s “Mother and Child” chain of clinics, and specifically the opening of the Lapino hospital, will help to address this problem. RDIF has been delighted to contribute to this cause by securing investments for the expansion. We intend to continue supporting the Group and cooperatinge with its founder and Chairman of the Board, Professor Mark Kurtser. We believe that the Group has significant potential for growth in Russia’s regions.”
MD Medical Group, which operates the Mother and Child chain of clinics, is the leading and fastest growing provider of services for women and children in Russia’s private healthcare market. The Group manages a chain of 12 modern Russian clinics and hospitals, and plans to expand its presence in Russia’s regions.
The Lapino Clinical Hospital is a 42,000-square-meter multidisciplinary medical center located in the Odintsovsky District of the Moscow Region. MD Medical Group’s total investment in the construction and equipping of the new hospital amounted to approximately USD 150 million, making it the largest project in the field of private healthcare in Russia
The hospital has obstetrics and gynecology, pediatrics, diagnostics, trauma, and rehabilitation departments offering medical services 24 hours a day.
Russian Direct Investment Fund (RDIF) was established in 2011 to make equity co-investments, primarily in Russia alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. Based in Moscow, RDIF’s management company is a 100% subsidiary of Vnesheconombank. Further information at www.rdif.ru
For additional information contact:
Russian Direct Investment Fund
Director, Media Relations Department
+7 964 7261773