Russian health group eyes IPO health IPO

City A.M. Reporter
MD MEDICAL Group, a major Russian private healthcare provider, is planning an initial public offering of shares in London and has picked JP Morgan and Deutsche Bank to arrange the issue.

MDMG, which could become the first Russian company in the sector to go public in London, was set up in 2010 and is controlled by Mark Kurtser, a senior official in Moscow’s health service. The group runs nine clinics, including Moscow’s Perinatal care centre.