Sadko, a network of medical clinics

Sadko is a network of medical clinics in Nizhny Novgorod.

As of August 2018, the Sadko network includes:

• Network of dental clinics "Sadko"
• Dentistry "Dinosubrik"
• Children's Clinic and Dentistry "Big Man"
• "Jam" Orthodontics Center
• Sadko Women's Health Center
• Sadko Medical and Diagnostic Center
• Center for Neurology "Sadko

History

2024: Placement of bonds worth ₽2 billion on the Moscow Exchange

Nizhny Novgorod Center for the Development of Dentistry "Sadko" successfully registered a bond program with a total value of ₽2 billion on the Moscow Exchange. This became known in early October 2024. This is the company's first entry into the public borrowing market, which marks a new stage in the development of one of the largest regional players in the dental services market.

According to Kommersant, the bond program is designed for 15 years, and the maximum maturity of individual issues will be nine years and nine months. Non-documentary bonds of the 001R series have been assigned the number 4-00811-R-001P-02E.

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Freepik

Sadko Dental Development Center LLC, founded in 2006, is a leading player in the dental services market in Nizhny Novgorod. According to SPARK, in 2023, the company's revenue reached ₽983 million, and net profit amounted to ₽26,7 million. The company is equally owned by Yuri Balashov and Vladimir Sokolov.

According to the NKR rating agency, which in September 2024 assigned Sadko a credit rating BBB.ru with a stable forecast, the company occupies about 11% of the private dental services market in the Nizhny Novgorod region. NKR notes the low debt burden of Sadko and high liquidity indicators.

In 2024, the company plans to place the first issue of bonds in the amount of ₽250 million. The funds raised are supposed to be used to develop the ophthalmological direction of the Sadko group.

NKR experts predict that even taking into account the planned issue of bonds, the company's debt burden by the end of 2024 will not exceed 1.6 OIBDA, which is considered a moderate level.

Sadko's entry into the public borrowing market reflects the general trend of growing interest of regional companies in bond loans as a tool for raising capital for business development. A successful offering could send a signal to other regional medical market players about the opportunities the stock market provides.^[1]

2019: Construction of dentistry for 293 million rubles

On December 23, 2019, it became known that the Sadko network of medical centers would build a dental clinic in Nizhny Novgorod and invest about 293.2 million rubles in it. The investor of the project is Sadko Clinic LLC.

It is assumed that children and adults will be able to be treated in this center. The clinic plans to create 187 workers, two-thirds of whom are medical personnel.

It became known that the network of medical centers "Sadko" will build a dental clinic in Nizhny Novgorod and invest about 293.2 million rubles in it

The allocation of a plot of 1.89 thousand square meters. m approved by the regional council on land and property relations. By December 2019, Sadko remained to receive a positive conclusion on the international quality and safety system. The placement of the facility was agreed by the Ministry of Health of the Nizhny Novgorod Region.

The company plans to accredit the dental center for the international quality and safety system JCI (Joint Commission International). If this happens, the clinic will become the first institution in the Nizhny Novgorod region to operate in accordance with the requirements of the JCI.

This clinic in the Nizhny Novgorod region will really be the first, and in Russia - the fourth. The JCI system speaks of the high quality of medical services provided. The Nizhny Novgorod region is quite seriously leading in this direction, and we hope to open a clinic on Sovetskaya Square by 2021, "said Sergei Barinov, Minister of Property and Land Relations of the Nizhny Novgorod Region.

By the end of 2019, the Sadko network has 12 medical institutions, including dental clinics for children and adults, a neuromuscular dentistry clinic, a polyclinic, the Zdorovenok children's clinic, the Jam orthodontics center, centers for mammology, professional implantation, neurology, cosmetology and prenatal diagnostics, Vademec notes.^[2]

Notes