MD Medical Group "Mother and Child"

What MD Medical Group "Mother and Child" does

MD Medical Group "Mother and Child" (MKPAO "MD Medical Group", MOEX: MDMG) operates the largest private healthcare network in Russia. Founded in 2006 by Mark Arkadyevich Kurtser — a Doctor of Medical Sciences and Academician of the Russian Academy of Sciences — the Group began in women's health and pediatrics and has progressively expanded into multi-specialty hospital care. As of mid-2026 it operated 97 medical facilities (15 ultra-modern high-tech hospitals and 82 outpatient clinics) across 35 regions and 46 cities, with more than 13,300 employees including 5,500+ certified physicians (Doctors and Candidates of Medical Sciences). The company went public on the London Stock Exchange in October 2012, migrated GDRs to Moscow Exchange in November 2020, and completed redomiciliation from Cyprus to Russia on June 17, 2024, with ordinary shares now trading on Moscow Exchange under ticker MDMG.

The Group's service portfolio spans obstetrics and gynecology (its historical core), IVF and assisted reproductive technologies (over 21,571 cycles in 2025), pediatrics, surgery (including Da Vinci robotic surgery at the recently acquired Ilyinskaya Hospital and MD GROUP Michurinsky), oncology, cardiology, traumatology, urology, dentistry, diagnostics, ophthalmology (new Ophthalmology and Microsurgery Center opened at MD GROUP Michurinsky in September 2025), and rehabilitation. Technological differentiators include Da Vinci robotic surgical systems, Preimplantation Genetic Testing (PGT) integrated within IVF programs, advanced femtolaser and vitreoretinal ophthalmology equipment, and full-spectrum laboratory/radiation diagnostics. The company also operates the proprietary MGIMO-MED medical university and a corporate distance learning platform, building an internal pipeline of trained physicians that addresses Russia's regional specialist shortage.

The business model is direct-to-consumer and fee-for-service across an owned-and-operated facility network — services are delivered exclusively through the Group's hospitals and clinics with no third-party distribution. FY2025 IFRS revenue reached RUB 43.5 billion (+31.2% YoY), EBITDA RUB 13.3 billion (margin 30.6%, +24.4% YoY), and net profit RUB 11.0 billion (margin 25.4%, +8.5% YoY). FY2025 KPIs included 12,623 births (+12.6%), 144,367 bed-days, 4,302,821 outpatient visits (+76.2%), and 21,571 IVF retrievals (+8%). Average checks disclosed: outpatient visits ~6.8-7.5K RUB in Moscow versus ~2.6-2.9K RUB in regions; IVF ~313-394K RUB in Moscow; deliveries ~248-703K RUB depending on region. The Group is debt-free with RUB 2.7B cash and a dividend policy permitting up to 100% of net profit to be distributed. Customer acquisition relies on brand reputation, physician reputation, and patient education events; major M&A executed in 2025-2026 includes the Expert Medical Centers network (RUB 8.5B), Ilyinskaya Hospital (RUB 8.5B), Zdravitsa outpatient network (RUB 900M), and acquisition of the Zubarev Lane property (RUB 2.4B) for a new hospital planned for H2 2027.

Name

MD Medical Group "Mother and Child"

Legal name

MKPAO "MD Medical Group" (МКПАО «МД Медикал Груп»)

Website

https://mcclinics.ru

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

MD Medical Group "Mother and Child" (MOEX: MDMG) operates Russia's largest private healthcare network: 15 high-tech hospitals and 82 outpatient clinics across 35 regions, serving individual consumers with women's health, pediatrics, IVF, surgery, and multi-specialty care on a fee-for-service basis. Founded in 2006 by Academician Mark Kurtser.

Ownership category

akta.pro rank

Product category

Private Healthcare Services

NAICS

General Medical and Surgical Hospitals (62211), Offices of Physicians (except Mental Health Specialists) (621111), General Medical and Surgical Hospitals (622110)

SIC

Services-Hospitals (8060), Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-General Medical & Surgical Hospitals, Nec (8062)

akta.pro primary industry

Community & Regional General Hospitals (HLAFAAAB)

akta.pro secondary industries

Primary Care & General Medicine Virtual Care (HLALAAAA), Healthcare Clinical Professions (CME/CE for Nurses, Allied Health, Pharmacy) (EDAAALAC)

Keywords

• Private healthcare services
• Multi-profile hospitals
• Ambulatory medical clinics
• IVF and reproductive medicine
• Women's health and obstetrics

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Hospital (Inpatient) Services: Multi-specialty hospital services including surgeries, deliveries, oncology treatments, and inpatient care across 15 high-tech hospitals
2. Outpatient Clinic Services: Ambulatory visits across 82 clinics including consultations, diagnostics, preventive care, and minor procedures
3. IVF and Fertility Services: IVF procedures, egg retrievals, embryo transfers, and reproductive technology services - a leading revenue driver
4. Maternity/Obstetrics Services: Pregnancy management contracts and delivery services at flagship hospitals including Lapino

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

MD Medical Group operates a network of 15 high-tech multi-profile hospitals and 82 outpatient clinics across 35 regions of Russia, providing inpatient care, deliveries, IVF procedures, outpatient consultations, diagnostics, and surgical services. The core service portfolio is anchored in women's health, obstetrics, pediatrics, and assisted reproductive technologies, with expanding multi-specialty coverage including oncology, cardiology, ophthalmology, and traumatology.

Product overview

MD Medical Group (Mother and Child) operates a network-based healthcare platform consisting of 15 ultra-modern multi-profile hospitals (including flagship brands MD GROUP Lapino, MD GROUP Michurinsky, MD GROUP Sevastopolsky, MD GROUP Lahtha, and Ilyinskaya Bolnitsa) and 82 ambulatory clinics across 35 regions of Russia. The company provides a comprehensive range of medical services including obstetrics and gynecology (including maternity/delivery), IVF and assisted reproductive technologies (over 21,000 IVF cycles annually), pediatrics, surgery, oncology, cardiology, traumatology, urology, dentistry, diagnostics, and rehabilitation. The portfolio also includes sub-branded clinics under the 'Mother and Child' name (Ufa, Tula, Kurkino, Novorossiysk, Khabarovsk, Surgut, Samara, Khimki, Mytishchi, Odintsovo, Krasnogorsk, Anapa, Tyumen, Sergiev Posad, Novokuznetsk, Yaroslavl, Ryazan, Kostroma, and others), acquired networks (Expert Medical Centers with 3 hospitals and 18 clinics, Zdravitsa with 6 clinics, Avicenna), and specialized centers for ophthalmology, diagnostics, and dental care. The Group also maintains a proprietary MGIMO-MED medical university and corporate distance learning platform for staff training.

Differentiator

Problem solved

Functional benefit

Brands

• MD GROUP Lapino: Flagship multi-profile hospital with obstetrics, gynecology, IVF and multi-specialty care.
• MD GROUP Avicenna
• Expert
• Zdravitsa (Здравица)
• ARTMedGroup

Products and services

• Multi-Profile Hospitals (15 facilities) Network of 15 ultra-modern high-tech multi-profile hospitals providing inpatient care, surgeries, oncology, deliveries, and complex medical treatments across Russia.
• Ambulatory Clinics (82 facilities) Network of 82 outpatient clinics offering primary care, specialist consultations, diagnostics, and day-patient services across 35 regions of Russia.
• Obstetrics and Gynecology Services Full-spectrum obstetrics including pregnancy management, delivery, and gynecology services forming the historical core of the group's operations.
• IVF and Assisted Reproductive Technologies IVF programs including ICSI, PICSI, and preimplantation genetic testing (PGT), with clinics performing over 21,000 IVF cycles annually.
• Pediatrics Services Pediatric consultations, vaccinations, diagnostics, and complex dispensary examinations for children across the network.
• Oncology Services Oncology services including surgery and targeted chemotherapy, integrated within hospital settings.
• Da Vinci Robotic Surgery Robotic surgical system enabling minimally invasive and organ-preserving surgeries, deployed at Ilyinskaya Hospital as part of the multi-profile hospital network.
• Ophthalmology and Microsurgery Center at MD GROUP Michurinsky Eye ophthalmology and microsurgery center equipped with femtolasers, vitreoretinal surgery systems, and laser diagnostic devices, led by S.I. Abramov.
• Lapino-4 Third Maternity Ward Third maternity ward at Lapino Clinical Hospital offering 'comfortable births' at democratic pricing, with additional capacity of approximately 2,000 births per year, 24,000 outpatient appointments, and 2,190 bed-days annually.
• IVF Center in Syktyvkar IVF center opened at the acquired clinic in Syktyvkar in March 2025, with 80 million rubles invested in renovation and equipment.
• Mother and Child Kurkino Clinic Outpatient clinic in Moscow's Kurkino district, area 289 sq. m., capacity 42,000 physician visits per year. Opened March 2026.
• Mother and Child Novorossiysk Clinic Outpatient clinic in Novorossiysk, area 206 sq. m., capacity 24,000 visits per year, opened in a new city for the Group.
• Mother and Child Yugo-Zapad Clinic (Relocation) Relocated multi-profile family clinic in southwest Moscow with adult and pediatric polyclinics, women's center, and IVF center, capacity 78,000 visits and 1,600 IVF cycles per year.
• Mother and Child Tula Clinic (Expansion) Women's health clinic in Tula expanded to 636 sq. m. with capacity increased from 24,000 to 42,000 visits per year, specializing in pregnancy management and IVF.
• Mother and Child Ufa Clinic Multi-profile outpatient clinic in Ufa city center, area 355 sq. m., capacity 42,000 visits per year. Opened November 2025.
• Mother and Child Surgut Clinic (Women's Health and Reproductive) Women's health and reproductive clinic in Surgut (Khanty-Mansi Autonomous Oblast), area 558 sq. m., with outpatient department and IVF center, capacity 12,000 visits and 800 IVF cycles per year.
• Mother and Child Samara Pediatric Clinic (IDK Expansion) Pediatric clinic in Samara operating for over 15 years, expanded to 853 sq. m. with capacity of 104,000 visits per year.
• Mother and Child Khimki Clinic Outpatient clinic in Khimki, Moscow Oblast, area 242 sq. m., opened May 2025.
• Mother and Child Prospect Mira Clinic Outpatient clinic in Moscow specializing in women's health services, opened May 2025 with area of 209 sq. m. and capacity 24,000 visits per year.
• Mother and Child Khabarovsk Clinic Multi-profile clinic in Khabarovsk, area 560 sq. m., opened January 2025 in a new region for the Group.

Quantifiable outcome

• 76.2% growth in outpatient visits to 4.3 million in 2025
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• MGIMO-MED Medical UniversitycoreStrategic or Co-development Partner · 1 January 2025MD Medical Group operates its own medical university MGIMO-MED for training and professional development of medical personnel. The company expanded its corporate distance learning platform for all employees in 2025. The 2025/2026 academic year enrollment reached maximum capacity for the first time, demonstrating strong demand for the educational programs.

Scale indicators13 records

Recent moves27 records

Expansion highlights7 records

Direct peers

• European Medical Center (EMC): Major Russian private multi-specialty hospital and clinic operator based in Moscow, offering comparable high-end inpatient and outpatient services. EMC is the closest direct competitor to MD Medical in the Russian premium private healthcare segment, including women's health, IVF, oncology, and surgery.
• Klinika Semeynaya (Family Clinic): Russian private multi-specialty clinic network with family medicine, pediatrics, and surgical services. Comparable in scope and regional expansion strategy to MD Medical's outpatient clinic footprint.
• Medsi Group: Russia's largest private healthcare network by facility count, with hospitals and clinics across multiple regions. Medsi competes head-to-head with MD Medical in multi-specialty outpatient care and pediatrics, though its mix leans more toward adult primary and occupational health than obstetrics/IVF.

Emerging players

• IVI-RMA Global: World's largest assisted reproduction group with clinics across Europe, Latin America, and the Middle East. Comparable on the IVF/ART segment of MD Medical's business (21,571 retrievals annually) as a leading fertility specialist with premium positioning.

Broad incumbents

• Helios Kliniken (Fresenius Helios): One of Europe's largest private hospital operators with ~90 hospitals in Germany, Spain, and Latin America. Comparable business model of multi-site hospital ownership with regional referral networks, though at significantly larger scale and broader scope than MD Medical.
• Spire Healthcare: UK-listed private hospital and clinic operator with 39 hospitals and a growing outpatient network. Comparable business model of operating mid-size private hospitals with multi-specialty inpatient services.
• Ramsay Santé: Leading pan-European private hospital and clinic operator present in France, Scandinavia, and the UK. Comparable as a publicly listed multi-site private hospital platform with mixed inpatient/outpatient services.
• Bangkok Dusit Medical Services (BDMS): Thailand's largest private hospital network serving both domestic and medical-tourism patients. Comparable scale and multi-site hospital/clinic operating model, though with greater international patient exposure.
• Mediclinic International: International private hospital group operating in South Africa, the UAE, and Switzerland. Comparable as a publicly listed operator of multi-specialty private hospitals with diversified regional footprints.
• IHH Healthcare: Asia-Pacific hospital operator running premium private hospitals under brands including Mount Elizabeth, Gleneagles, and Acibadem. Directly comparable in its mix of high-end tertiary inpatient care and multi-specialty ambulatory services across multiple geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/md-medical-group-mother-and-child-

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MD Medical Group "Mother and Child"