Medsi

JSC Medsi Group is Russia's largest national healthcare chain, offering a full range of preventive, diagnostic, treatment, and rehabilitation services for children and adults.

Effective
ownership

95.5 percent

Annual
revenue in 2020

25.0 bn ₽

Adjusted
OIBDA

6.9 bn ₽

patient
visits

7.6 mn

Development Strategy

Medsi's strategy aims to create the nation's first federal-scale multi-specialty healthcare provider offering a full spectrum of services. This includes:

Further enhancement of market share through organic growth and M&As in and around Moscow:

  • launch of new 28 thsd sq m multi-specialty medical centre Michurinsky;

  • launch of at least 5 new outpatient clinics, including 2 family practices and 3 local practices; 

  • expansion through regional M&A and franchise partnership projects.

Further enhancement of operating efficiency and ongoing operational improvements:

  • change of customer relationship approach from managing traffic to managing lifetime value;

  • managing seasonality through demand forecasting, cost planning, and smart scheduling; 

  • optimisation of incentive plans through economies of scale;

  • flexible OpEx management through a system of case-specific debits and implementation of "lean production" principles.

Digital transformation:

  • further refinement of SmartMed telemedicine platform and expansion of the variety and range of services provided;

  • partnership projects in AI and healthy lifestyle services;

  • development of BigData for joint clinical research with pharmaceutical and technological partners.

Annual revenue
2017201820192020

The team

Tagir Sitdekov

Chairman of the Board of Directors

Elena Brusilova

President

Business

Financial performance 2020

+12.2 %

Revenue growh in 2020

+16.4 %

Adj. OIBDA growth in 2020

27.5 %

Adj. OIBDA margin

+18.6 %

Adj. net profit growth in 2020
Revenue increased by 12.2% in 2020 to RUB 25.0 bln, which was driven by a significant growth of the ATV due to COVID-19 diagnostics and treatment services, expansion of the chain of outpatient facilities in Moscow and acquisition of clinics in Izhevsk.

Adjusted OIBDA surged by 16.4% in 2020 to RUB 6.9 bln following revenue growth and due to participation in a JV with Capital Group for the construction of the Nebo residential complex at Michurinsky Prospekt.  

Adjusted net income grew by 18.6% in 2020 to RUB 3.5 bln as a result of increased adjusted OIBDA.


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Digital health

In January 2018, Medsi first launched its telemedicine platform developed in conjunction with MTS. The company plans to further evolve the solution through new digital services and mobile app.
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New flagship clinic in Moscow

4 acting CDCs

in Moscow
The company is continuing the construction of the new multifunctional medical centre on Michurinsky Prospect with a total area of over 34,000 sq m, with the launch scheduled for 2020. The medical centre will include a CDC for children and adults, a daytime in-patient clinic, and a 24-hour in-patient clinic with a centre for high-tech surgery.

The new clinic will beсome the 5th in a number of Clinical-Diagnostic Centre (CDC) of Medsi, including CDC on Krasnaya Presnya, Belorusskaya, Solyanka and Grokholsky.
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Clinic network expansion

In January 2020, Medsi enhanced its presence in the Saint Petersburg market, having acquired Clinic Na Petrogradskoy Storone. The clinic, with a total area of 1,560 sq m, provides a full range of clinical services for adults and children. Since December, the clinic operates a chemotherapy department.

In March 2020, Medsi acquired ASPEC clinic network operating four clinics in Izhevsk (Udmurtia), including a CDC with a daytime in-patient clinic, a clinic for adults, a clinic for children, and a women’s wellness clinic with a total area of 4,344 sq m.

Medsi is aslo expanding its network of out-patient clinics in three districts outside central Moscow.
Read more 
Vladimir Yevtushenkov, the tycoon riding Russia’s market boom
11 September 2021
Sistema companies act to help market withstand COVID-19 outbreak
20 March 2020
MTS and MEDSI launch a platform for mobile telemedicine services
19 April 2018

Learn more on website
Medsi