Medicina

completed

OJSC Medicina (Medicina or the company) is one of the leading multifunctional private clinics in Moscow, Russia. In 2006 the company treated 1.2 million patients and recorded revenues of $40.5million. The company employs a total of 770 employees, of which over 200 are doctors, and provides a comprehensive set of clinical services, including therapy, surgery, ambulatory, in and out patient care, diagnostics, hospitalization, dentistry and modern cosmetology to corporate and individual clients in an existing 42 bed facility. In 2006, Medicina acquired the rights to a land plot directly adjacent to the current facility from the City of Moscow, in order to build a second hospital wing. The proposed project is an expansion of Medicina’s existing operations and includes: - construction of a new 80-100 bed hospital building, clinic and - expansion of the ambulatory care facilities. The estimated total project cost will be up to RUB2.5billion ($96.7 million equivalent). Medicina intends to finance it with a combination of corporate debt and equity.