August 20, 2014 / 6:15 AM / 3 years ago

Russia's MD Medical Group to buy medical centre for $45.5 mln

MOSCOW, Aug 20 (Reuters) - Russian private healthcare company MD Medical Group said on Wednesday it planned to buy the Avicenna clinic chain in the country’s third-largest city of Novosibirsk for $45.5 million.

The company will use a bank loan to fund 80 percent of the acquisition cost, with 20 percent covered by its own cash assets, it said in a statement. (Reporting by Maria Kiselyova; Editing by Christian Lowe)

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