OREANDA-NEWS. April 14, 2011. The Medsi Group of Companies and its subsidiaries (“Medsi” or “the Group”), a leading national provider of medical and healthcare services in Moscow and other regions, has published its unaudited consolidated US GAAP financial results for the year ended December 31, 2010, reported the press-centre of Sistema.  
 
FINANCIAL HIGHLIGHTS

Revenues totaled USD 156.5 million, up 24.3% year-on-year

OIBDA equaled USD 17.1 million, up 174.7% year-on-year

The OIBDA margin was 11%, up 6 percentage points year-on-year

The net loss fell to USD 2.5 million, compared with USD 7.3 million in 2009

OPERATIONAL HIGHLIGHTS
The second section of the clinical and diagnostic center at Belorusskaya in Moscow and the clinic at Shchyolkovo were opened

The overall clinic area equaled 46,914 square meters, up 18.3% year-on-year

The number of visits totaled 3,436,000 up 10.6% year-on-year

The number of services provided came to 6,011,000 up 13.1% year-on-year

The average check was USD45.5, up 12.4% year-on-year

The project to certify Medsi’s clinics according to the international JCI standards began

The new President was appointed

Medsi President Galina Talanova said:
“I am pleased to have joined the Medsi team and to be able to contribute to the Group’s future business growth. Overall, 2010 was successful for the Group from both a financial and an operating perspective. My task is to build on this success and strengthen our leading positions on the private medical services market. Medsi has a unique combination of competitive advantages. By using them carefully and developing further in a rapidly expanding market, we are creating vast potential for intensive and extensive growth for clients and shareholders alike.”