Joint-Stock Financial Corporation Sistema
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Sistema owns the assets of «Medsi». «Medsi» is the versatile medical centre which is carrying out clinical diagnostics and treatment of patients in out-patient conditions.
 

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Healthcare

The Healthcare business assets are in the process of integration into the Medsi Group holding structure, and comprise the Medsi clinics (two out patient clinics for adults),the Medsi II clinic (out patient clinic for children), the American Hospital Group (a family clinic operating under the ‘American Medical Centre’s’ brand for VIP clients and expatriates), and MedExpress (a chain of private healthcare facilities in Russia including 22 clinics in Moscow and the regions, and an ambulance service in Moscow). The Medsi Group is 100%owned by Sistema and comprises 14 clinics in Moscow and 12 clinics in the regions.

The flagship facility in Moscow is Medsi, one of the countries’s most advanced medical centers providing clinical diagnostics, prevention and treatment for adults. A 12 storey extension is due to be completed in 2008, which will house Moscow’s top private prevention and treatment center for diabetes.

The Medsi II children’s clinic opened in May 2005 and represents state of the art in science and technology in pediatrics. The center includes clinics for non surgical vision correction, allergies, immunological and metabolic disorders, diabetes, posture correction, and care for children in their first year. The clinic has a Scientific Committee composed of leading scientists and academics from the Russian Academy of Medical Science. The committee’s aim is to conduct pediatric research and introduce new technologies and methods for prevention and treatment of pediatric illnesses, and put these breakthroughs to work at Medsi II.

Following the acquisitions of MedExpress and American Hospital Group in 2007 and the consolidation of assets within the group, Medsi is now able to offer the full range of paid services for prevention, diagnostics, and treatment of illnesses.

The Healthcare business represents one of the fastest growing directions for Sistema. In 2007 revenues increased nearly four fold to $79.1 million, compared to $16.9 million in 2006. OIBDA increased by 247%to $10.7 million

The strategy of Medsi Group through 2010 and beyond is aimed at creating the leading provider of private health care services in Russia with the largest network of clinics.

 

Annual Report 2007

Âëàäèìèð Ãóðäóñ 

Vladimir Gurdus,
Medsi group President

Results 2007
Revenue $79,1 mln.
OIBDA $10,7 mln.
   
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