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MD Medical Group Investments PLC Completes Acquisition of Vitanostra Ltd


Monday, 29 Apr 2013 02:10am EDT 

MD Medical Group Investments PLC announced that it has completed the acquisition of the IDK Medical Company, a network of women's and children's health clinics located in the Russian region of Samara (IDK). The acquisition of 100% of the outstanding share capital of Vitanostra Ltd, operator of IDK, was for USD 16.1 million in cash. IDK will now be integrated into the Company, adopting the Mother & Child brand to form Mother & Child IDK Samara. Prior to the deal completion, MD Medical received all required approvals, including approval from the Russian Federal Antimonopoly Service. 

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