Mother and Child Center for Reproductive Medicine

The group of companies "Mother and Child" (LLC "Center for Reproductive Medicine") specializes in the provision of private medical services for the whole family.

Aktivs

As of November 2021, the network includes 42 clinics, of which six are multidisciplinary hospitals and 36 outpatient clinics.

Performance indicators

2023: Revenue growth by 9.6% to RUB 27.63 billion

The revenue of the MD Medical group (a legal entity of the Mother and Child clinic network) in 2023 reached 27.63 billion rubles, which is 9.6% more than a year earlier. Such information is contained in the statements published on February 5, 2024.

It follows from the materials of MD Medical that the revenue of the group's Moscow hospitals in 2023 increased by 3.1% compared to 2022 - to 13.42 billion, mainly due to an increase in the number of IVF cycles and attendance in the areas of obstetrics and gynecology, pediatrics, diagnostics and telemedicine. The revenue of regional hospitals increased by 15.5%, to 7.51 billion rubles, due to an increase in the utilization of maternity capacities of hospitals in St. Petersburg, Samara and Tyumen, an increase in the load of the bed capacity of hospitals in Novosibirsk (traumatology and pediatrics), Samara (cardiology and pediatrics) and Lakhta (pediatrics and gynecology).

The revenue of outpatient clinics in Moscow and the Moscow region in 2023 increased by 9.7%, to 2.89 billion rubles, due to an increase in demand for IVF and clinic attendance. The revenue of outpatient clinics in the regions increased by 23.6%, to 3.78 billion rubles.

The decrease in the number of bed days in 2023 amounted to 2.5% - to 146.3 thousand - due to the weakening of the COVID-19 epidemic while reducing the average check by 1.8% (to 89.1 thousand rubles) in Moscow and an increase of 14.7% year-on-year in the regions (to 39.8 thousand rubles). The number of outpatient visits increased by 11.4% year-on-year (to 2.1 million), while the average check increased by 4% (to 5.5 thousand rubles) in Moscow and 2.8% year-on-year in the regions (to 2.2 thousand rubles).

The group's debt, fully represented by lease and leasing obligations, as of December 31, 2023 amounted to 876 million rubles. The amount of funds reached almost 9.9 billion rubles.^[1]

2022: Zero revenue growth - up to 25.22 billion rubles

Mother and Child ended 2022 with virtually zero revenue growth. It amounted to 25.22 billion rubles. The group of companies announced this in its statements on February 6, 2023.

The revenue of the group's Moscow hospitals in 2022 decreased by 7.1% year-on-year to 13.01 billion rubles due to the high base effect in 2021 (the high load level of the Lapino-4 COVID center amid the coronavirus pandemic). The revenue of regional hospitals increased by 12.1% and reached 6.51 billion rubles due to the high operational results of the medical cluster in Tyumen, the planned loading of the IDC hospital in Samara, as well as the successful results of the MD Group Lakhta hospital in St. Petersburg.

The revenue of outpatient clinics of the Mother and Child network in Moscow and the Moscow Region in 2022 increased by 8.8%, to 2.63 billion rubles due to the restoration of demand for IVF after the pandemic. The revenue of outpatient clinics in the regions increased by 2.9% and amounted to 3.06 billion rubles.

In 2022, the number of outpatient visits decreased by 1.7% on an annualized basis - to 1,826,555 - while increasing the average check by 13.1% to 5.4 thousand rubles in Moscow and 6.5% to 2.3 thousand rubles. in the regions.

The decrease in the number of bed days in institutions of the Mother and Child group amounted to 3.0% to 148,775 due to the weakening of the COVID-19 pandemic while increasing the average check by 11.7% to 92.6 thousand rubles in Moscow and a decrease by 0.1% year-on-year to 34.6 thousand rubles in the regions. The number of IVF cycles increased by 2.0% and amounted to 16,862 with an increase in the average check by 9% (compared with 2021) to 274.0 thousand rubles in Moscow and 6.5% to 245.2 thousand rubles in the regions. In 2022, the clinics of the Mother and Child network received 8576 births, which is 2.1% more than a year earlier. MD MEDICAL GROUP ANNOUNCES OPERATIONAL RESULTS FOR THE FOURTH QUARTER OF 2022

2021: Revenue growth by 31.8%, to 25.22 billion rubles

In 2021, the Mother and Child group of companies completed with revenue of 25.22 billion rubles, which is 31.8% more than a year earlier. The network of clinics announced this on February 7, 2022.

Most of the income fell on Moscow hospitals: their total revenue in 2021 exceeded 14 billion rubles, an increase of 44.2% on an annualized basis, largely due to the expansion of the Lapino medical cluster and an increase in hospital utilization in oncology (+ 69% to 17,706 bed days), surgery (+ 16.7% to 1,862 bed days) and traumatology (+ 34.3% to 3450 bed days).

The revenue of regional hospitals in 2021 increased by 26.1% compared to 2020 - to 5.8 billion rubles thanks to the successful results of the Tyumen-1 medical center (+ 49.3% to 1.29 billion rubles) and the planned loading of the IDC hospital in Samara.

The revenue of outpatient clinics in Moscow and the Moscow region and clinics in the regions in 2021 increased by 7.6%, to 2.42 billion rubles and 16.6% to 2.97 billion rubles, respectively, due to the recovery in demand for planned medical care in 2021.

The net debt of the Mother and Child Group of Companies decreased by the end of 2021 to 1.9 billion rubles. The total amount of capital expenditures decreased in annual terms by 2.9% (3.8 billion rubles). Most of the capex falls on the hospital segment (84.6%), the share of expenses for the construction of new clinics and current repairs is 15.4%.

According to reports, the number of outpatient visits at the group's clinics in 2021 increased by 15.2%, to 1,858,633. The increase in the number of bed days amounted to 29.9% to 152,621, while the average check increased by 22.8% to 83 thousand rubles in Moscow and 10.5% to 35 thousand rubles in the regions due to the growth of commercial activities excluding the compulsory medical insurance program.^[2]

In the first half of 2021, the company's revenue grew by 51%, for the first time more than half of it was brought by services not directly related to the health of women and children.

History

2023

MD Medical Group acquired LDC Biomedicine

MD Medical Group announced the completion of a deal to purchase four clinics in the Khanty-Mansiysk Autonomous Okrug - Ugra, owned by LDC Biomedicine. This was reported on the company's website on September 19, 2023. Read more here.

Change of jurisdiction from Cypriot to Russian

The board of directors of MD Medical Group Investments (MDMG), which operates a network of Mother and Child clinics, announced the company's exclusion from the register of the registrar of companies in Cyprus. The head office of the company will be transferred to the special administrative district (SAR) of Oktyabrsky Island in the Kaliningrad Region. This was announced in August 2023.

Purchase of Michurinsky hospital for 2.24 billion rubles

On July 17, 2023, the MD Medical group of companies (the Mother and Child brand) announced the purchase of a finished hospital in Moscow for 2.24 billion rubles. In addition, it is planned to spend another 600 billion rubles on additional equipment of the medical center. Read more here.

Delisting plan from the London Exchange

MD Medical Group (MDMG), a developing network of Mother and Child clinics, in May 2023 announced its intention to delist from the London Stock Exchange.

The company attributed the decision to a "prolonged suspension of the company's GDR trading on the London Stock Exchange and, as a result, the inability of investors to trade securities on the exchange."

Launch of a medical center in Mytishchi

On January 13, 2023, the Mother and Child group of companies announced the opening of a new outpatient medical in Mytishchi near Moscow. About 23 million rubles were invested in this project. Read more here.

2022

Launch of a medical university in the Moscow region

In early September 2022, the MGIMO-MED Medical University was opened, established on the initiative of the Governor of the Moscow Region, MGIMO and the Mother and Child Group of Companies. It was launched on the basis of the Odintsovo branch of MGIMO, the press service of the governor and the government of the Moscow region reports. Read more here.

Opening an outpatient medical center in Moscow for 16 million rubles

On June 23, 2022, the Mother and Child group of companies announced the opening of a new outpatient medical center in Moscow. It is located in the Yuzhnoye Butovo district and received the name "Mother and Child of Butovo." Read more here.

Former Deputy Head of the Ministry of Digital Development of the Russian Federation Sergei Kalugin joined the board of directors of the Mother and Child Group of Companies

In March 2022, it became known about the entry of Sergei Kalugin into the board of directors of the Mother and Child group of companies. The former deputy head of the Ministry of Digital Development, Communications and Mass Media and the ex-president of Rostelecom became an independent director. Read more here.

Opening of a hospital in Tyumen for 1 billion rubles

The group of companies "Mother and Child" in February 2022 opened a hospital in Tyumen, in which about 1 billion rubles were invested. A two-story institution with an area of ​ ​ 4750 square meters. m received the name "Tyumen-2." Read more here.

Opening of a clinical hospital in St. Petersburg

On January 12, 2022, the official opening of the MD Lakhta clinical hospital in St. Petersburg took place. This is a project of the group "Mother and Child," which invested 1.9 billion rubles in it. Read more here.

2021

The price of the contract "conducting childbirth" up to 1.3 million rubles

In the first half of 2021, the price of the contract "conducting childbirth" ranged from 199,000 to 1.3 million rubles. The price of the IVF program in the Lapino hospital was 189,045 rubles.

Opening of the Center for Outpatient Oncological Care in Mozhaisk

In early October 2021, the Mother and Child group of companies announced the opening of the Center for Outpatient Oncological Care in Mozhaisk. He earned on the basis of the Mozhaisk Central District Hospital. Read more here.

Market value of $901 billion

At the end of September 2021, the company's market value exceeded $901 billion.

Creation of a network of laboratory points for sampling analyzes in Moscow

At the end of July 2021, the Mother and Child group announced the start of creating a network of laboratory points for collecting analyzes in Moscow and the Moscow region. The new project was named MD Lab. Read more here.

The launch of a telemedicine center for reproduction and IVF

The network of clinics "Mother and Child" together with "RT-Doctis" launched a telemedicine center for reproduction and IVF. This was announced on March 26, 2021 by Rostelecom. Read more here.

2020

Cost of initial GP appointment

For 2020, the cost of the initial appointment of a therapist is 3100 rubles^[3].

1.6 million visits

In 2020, 7759 births were taken, 15,264 IVF cycles were carried out. The number of outpatient visits exceeded 1.6 million.

Top 5 private clinics in Russia increased revenue by 19% to 88.9 billion rubles

The total revenue of the five largest private clinics in Russia - Medsi, EMC, Mother and Child, Medinvestgroup and SM-Klinik - reached 88.9 billion rubles by the end of 2020, which is 18.6% more than a year earlier. These companies accounted for about 13% of the paid medical services market. Read more here.

Revenue growth by 18%, to 19.13 billion rubles

In 2020, the revenue of the Mother and Child group reached 19.13 billion rubles, which is 18% more than a year earlier. Services for accepting childbirth brought the company 2.43 billion rubles, which is 6% higher than a year ago, and the number of births increased by 4%, to 7759.

IVF remains one of the main activities of the Mother and Child Group of Companies. The corresponding revenue in 2020 decreased by 10%, to 3.45 billion rubles (corresponds to 18% in the group's total revenue), and the number of such procedures fell by 15%, to 15,264.

It also follows from the group's report that the number of bed-days increased by 46% year-on-year to 116.5 thousand, and revenue by 97% to 6 billion rubles. The indicators for bed days by profile oncology"" (+ 405%), mainly by the forces of the Lapino clinical hospital, as well as the Mother and Child hospitals in Tyumen and, especially significantly increased To Ufa.

At the same time, the indicator of outpatient visits due to the COVID-19 coronavirus pandemic decreased by 8% - to 1.6 million. Revenue in this area decreased by 2% and amounted to 4.9 billion rubles. The number of IVF procedures has also decreased due to the pandemic. The decrease was mainly due to a temporary ban on IVF in a number of regions of the group's presence.

The share of IVF for compulsory medical insurance amounted to 54% of the total number of cycles, and the revenue remained at the level of 2019 - 36%.

The average check in the direction of commercial IVF cycles increased by 5% on an annualized basis (up to 316 thousand rubles), the average check in IVF cycles for compulsory medical insurance increased by 6% and amounted to 149 thousand rubles.

The average check for 2020 in the main areas was:

• 314 thousand rubles in the direction of "Roda";
• Moscow and MO - 430 thousand rubles;
• regions - 154 thousand rubles.

By December 31, 2020, the net debt of the Mother and Child group amounted to 2.9 billion rubles, down 17% compared to the same period a year earlier.^[4][5]

2019

Opening of the surgical complex "Lapino-2" in the Moscow region

In mid-September 2020, the Mother and Child group of companies opened a new clinical hospital in the Moscow Region, called Lapino-2. Deputy Prime Minister Tatyana Golikova, Minister of Health Mikhail Murashko, Governor Andrei Vorobyov and General Director of the Mother and Child network Mark Kurzer took part in the launch ceremony of the medical institution in the village of Lapino, Odintsovo City District. Read more here.

Clinic revenue up 8%

The revenue of the Mother and Child group of companies in 2019 reached 16.16 billion rubles, an increase of 8% compared to 2018. During this period, the number of births carried out in clinics increased by 2% to 7446, while in 2018 this direction showed an 8% rise.

The revenues of the network of medical institutions from childbirth in 2019 amounted to 2.3 billion rubles, which is 4% more than a year ago.

The group managed to somewhat reverse the negative dynamics in the number of procedures - in 2019, 18,004 cycles of in vitro fertilization were carried out, which is 8% more than in 2018, and revenue from this direction rose by 10% and reached 3.8 billion rubles.

The total number of beds in the hospital increased by 14% year-on-year to 79.7 thousand, largely due to growth in other medical services and pediatrics. For comparison: in 2018, the growth was at the level of 19%. Revenue from this area in 2019 exceeded 3 billion rubles, while the number of bed-days in the profile of "obstetrics and gynecology" (excluding childbirth), according to comparable data (like for like), decreased by 10% in 2019.

The average check in the direction of "Roda" in 2019 increased by 2% compared to the previous year and amounted to 310 thousand rubles. At the same time, in Moscow and the Moscow region, this figure reached 405 thousand rubles, in other cities - 149 thousand rubles. The average check in the Eco direction increased by 2% on an annualized basis, to 213 thousand rubles, in the Inpatient Treatment direction - by 5%, to 38.2 thousand rubles, in the Outpatient Visits direction - remained at the level of 2018 (2.9 thousand rubles).

It also follows from the financial statements that the net debt of the Mother and Child group as of December 31, 2019 increased by 20% to 3.5 billion rubles. This is due to the newly applied IFRS 16 "Lease," to which the company allocated 650 million rubles.^[6]

Opening of a hospital in Tyumen

On April 19, Cisco announced that on April 8, 2019, the Mother and Child Group of Companies hospital was opened in Tyumen, the network infrastructure of which is based on Cisco products. These solutions help combine medical equipment into a single secure system, automate multiple workflows, and enable data collection for analytics. The built digital environment increases the quality and speed of care for patients and makes the work of the medical staff more efficient. The project was implemented by Cisco partner Netcube. Read more here.

Opening of a clinic in Vladivostok

On March 6, 2019, the Mother and Child Group of Companies announced the opening of its clinic in Vladivostok. The total investment in the implementation of the project amounted to about 50 million rubles of ^[7] Companies^[8].

Clinic "Mother and Child" Vladivostok with a total area of ​ ​ 358 square meters. m. Offers a wide range of specialized services for women, including IVF, expert ultrasound, treatment of gynecological diseases and individual monitoring of pregnant women. Consultations with highly qualified obstetricians-gynecologists, endocrinologists, urologists and other specialists will become available to patients. The capacity of the open clinic will allow up to 500 IVF cycles, including CHI cycles and more than 20,000 doctors' appointments per year.

The clinic in Vladivostok was created with the application of high standards of quality of medical care of the Mother and Child Group. It is equipped with world-class equipment, including those manufactured by GE Healthcare, Olympus, Origio, OxfordMedical, Linet, RocketMedical and ZOLL MedicalCorporation.

{{quote 'author = 'Kurzer Mark, CEO of Mother and Child Group of Companies'|We are experiencing a significant event in the life of the company. Thanks to the opening of a clinic in the capital of the Far East, the city of Vladivostok, Mother and Child is entering a strategically important, dynamically developing Russian region, where it will be able to provide high-tech medical care to its patients. The opening of the clinic is another step in the consistent implementation of the company's course to create a wide network of clinics and hospitals throughout Russia. As of March 2019, the Mother and Child Group of Companies is already represented in seven federal districts of the country.

The clinic in Vladivostok will provide a wide range of services, focusing on women's health issues, including conducting IVF cycles for compulsory medical insurance.}}

5 hospitals and 35 clinics in 25 cities of Russia

As of March 2019, Mother and Child is 5 high-tech hospitals, 35 clinics with powerful diagnostic and therapeutic resources in 25 cities of Russia, more than 7,000 qualified specialists who know and love their work, a wide range of medical services for the whole family.

2018: Partnership with Sberbank and DocDoc service

Sberbank, the DocDoc online service (part of the Sberbank group) and the Mother and Child network of multidisciplinary medical centers signed a strategic cooperation agreement in March 2018 as part of the development of the first federal medical marketplace DocDoc.

The Mother and Child Health Center Network became the first strategic partner of the marketplace and, under the terms of the agreement, will provide medical services through the DocDoc platform. It is planned that users from all over Russia will be able to receive services in June 2018. Read more here.

2016

As of July 2016, Mother and Child is four state-of-the-art high-tech hospitals, twenty-six clinics with powerful diagnostic and therapeutic resources - in fifteen cities. Russia

2012: IPO in London

"Mother and Child" spent in IPO London

2006: Opening of the first private maternity hospital

The first private maternity hospital was opened by obstetrician-gynecologist Mark Kurzer in 2006.

Notes