In
late September 2012, Pavel Gagarin, Chairman of the Board of Gradient
Alpha Investments Group, explained to the participants of the third
all-Russia medical forum in Moscow the ways of attracting investments
into medical establishments.
Moscow,
Russia (October 5, 2012) -- In late September 2012, Pavel
Gagarin, Chairman of the Board of Gradient
Alpha Investments Group, explained to the
participants of the third all-Russia medical forum in Moscow the ways
of attracting investments into medical establishments.
The
need for quality health care in Russia is huge, with most people
believing that they can only get it for money. According to a survey
carried out by Romir Holding this summer, 67% of Russians have used
paid medical services in the last year. More than half of the
respondents paid their own account and 15% used those services as
part of their corporate or private health insurance schemes.
Russian
commercial medicine is one of the fastest growing industries in the
country. From 2007 to 2011 the market volume has grown from 367 to
535 billion roubles (from £7.3 bn to £10.7 bn). The annual growth,
even during the crisis, has remained at a level of 16%. Outpatient
services comprise half of this market, laboratory-diagnostic services
take one-quarter, a 16% share of the market is taken by in-patient
treatment and 8% by rehabilitation services.
67%
of Russians, when using paid medical services, turn to private health
care institutions; 46% of patients go to state clinics and hospitals
(13% use both). Among the five most popular services customers prefer
to pay for are: dentistry, gynaecology, therapy (GP), ophthalmology
and medical anaesthetics. Only 23% of those who do not use paid
medicine believe that they cannot afford it; the others either claim
to be completely healthy or are happy with the free medicine provided
by the state.
The
second factor that makes the market for private medical services in
Russia promising and attractive to private capital is of the state
policies for the privatization of medical institutions. In accordance
with the Federal Law of 08.05.2010, No.83-FZ "On Amendments to
Certain Legislative Acts of the Russian Federation in connection with
the improvement of the legal status of state (municipal)
institutions", many hospitals that have received autonomous
status will be incorporated and transferred to the management of
private parties. Tax incentives, such as corporation tax will also
contribute to the growth of investment. Thus, within the framework of
the Russian health reform, the state is gradually but purposefully
substituting its operational functions by controlling functions.
Gradient
Alpha's experience in supporting investment projects in the health
area and auditing health facilities shows that competent management
can increase the revenues of a medical institution by 30% to 50%.
This fact is not a secret to the authorities who are willing to pass
health care facilities to private owners in exchange for shares in
the business of these companies.
A
vivid example of such a transaction is the April 2012 deal between
the Moscow government and the Medsi group of companies. Under this
project, the city authorities passed two state-owned sanatoriums,
three hospitals and five out-patient clinics in Moscow, as well as
one resort in the Crimea to Russia's largest private network of
health care institutions in exchange for a 25% share of the new
company. Using these medical institutions, Medsi is launching new,
specialized centres providing high-tech services. Thanks to the
administrative resources that it has acquired through this
transaction, the network of clinics is expecting to acquire the state
quota for such services. The well-known American fund Apax Partners
and the Russian Direct Investment Fund have signed an agreement to
invest about $200 million in the development of this project.
Therefore,
Russian health care is an attractive area for investors. Despite long
investment horizons and difficulties in obtaining permits, the vast
growth potential of the market provides for very good opportunities
in terms of future income.
-Ends-
For
more information, please visit the company web site
http://www.gradient-alpha.biz
or use the following contacts:
PR
department
Gradient
Alpha Investments Group
Tel:
+7 (495) 740 1264
E-Mail:
m.shetilenko@gradient-alpha.ru
PR
representative in Europe
Eva
Smit
Tel:
+44 (0) 7538 978986
E-Mail:
insidersuk@gmail.com
Gradient
Alpha Investments Group has more than 15 years of experience in
facilitating investment deals in Russia. Acting as a strategic growth
consultant for many Russian companies, the group has conducted
hundreds of investment projects, both private and public, in various
sectors of the economy. The total amount of investment capital
procured through Gradient Alpha has averaged around three billion US
dollars per year during the last five years.
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