Russian healthcare firm MDMG plans London IPO

  • Russia's MD Medical Group (MDMG) is planning an initial public offering of its shares in London.

    The private healthcare provider has chosen JP Morgan and Deutsche Bank to deal with the matter, according to several financial market sources.

    The unnamed sources did not specify the scale of the offering.

    MDMG was established in 2010 and is headed by Mark Kurtser, a senior official in the country’s health service.

    The group runs nine clinics, including Moscow's Perinatal care center and the Mat' i Ditya clinic chain.

    MDMG could become the first Russian company in the sector to go public in London.