RDIF, Orpea and Bpifrance jointly invest in medical rehabilitation projects

Press release, 18.04.2019

Moscow, April 18, 2019 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund,and France’s sovereign wealth fund, Bpifrance, have agreedto develop joint projects with the French company Orpea - a world leader in global dependencycare. This agreement is part of the ongoing cooperation through the Russia-France investment platform.

Under the agreement, RDIF and its French partners willaim at investing in medicalrehabilitationcentresthrough capital provided to Orpea’s Russian division. 

Thefirst joint project planned to be implemented by the parties, will be the investmentin the creation and further development of the Centre for High-Tech Rehabilitation at the International Medical Cluster in Skolkovo. The Centre is scheduled to open in 2022 and expected to provide services to around 3.5 thousand people annually.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

“By investing in the construction of modern multidisciplinary rehabilitation centres, RDIF and its partners are contributing to the goals set by Russia’s national Healthcare project. Orpea’s globalexperience in providing world-class dependency careservices will also help Russia to implement best practices and support further development across the country’s care and rehabilitation sector.”

José Gonzalo, Executive Director of Bpifrance,said:

“We are very proud to support Orpea, a French dependency care champion, in its development in Russia in the context of the Bpifrance-RDIF partnership. We are convinced that this project, leveraging on Orpea’s proprietary rehabilitation care methodologies, should contribute to promote the French medical know-how in Russia, while contributing to the achievement of the goals set by the Russian National Healthcare Project.”

Yves Le Masne, CEO of Orpea,said:

“Orpea is very proud to sign this partnership with the two prestigious sovereign funds represented by Bpifrance for France and RDIF for Russia. These strong partners will be able to support the development of Orpea’s rehabilitation centers in the Russian Federation. Orpea will provide his know-how, expertise and quality process to take of patients after stroke, trauma and major operations. Our priority like everywhere in the world is to provide the highest level of quality of rehabilitation care and service in order to reduce the risks of complication and readmission to the hospital, and to optimize a quicker return back to work and home environment.” 

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Russian Direct Investment Fund (RDIF)is Russia's sovereign wealth fund 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. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than 1.5 trillion rubles and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 700,000 people, and generate revenues which equate to more than 5% of Russia’s GDP. RDIF established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than 40 billion dollars. Further information can be found at www.rdif.ru

Orpeawas founded in 1989, company is among world leadersin long-term care (nursing homes, post-acute and rehabilitation hospitals, psychiatric hospitals, and homecare services) with a network of 950 facilities (as of January 2019) representing 96,577 beds (17,388 of them under construction) in 14 countries. Further information can be found at www.orpea-group.com

Bpifranceis the French sovereign fund and national investment bank: it finances businesses – at every stage of their development – through loans, guarantees, equity investments and export insurances. Bpifrance also provides extra-financial services, such as training, consultancy to help entrepreneurs meet their challenges. Further information can be found at:www.bpifrance.fr

For additional information contact:

Arseniy Palagin                                     Maria Shiryaevskaya / Andrew Leach
Russian Direct Investment Fund           Hudson Sandler
Press Secretary                                    Tel: +44 (0) 20 7796 4133 
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
E-mail:arseniy.palagin@rdif.ru