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The Corporate Group "Mother and Child" acquires the Novosibirsk Medical Center "Avicenna" for $45M

August 20, 2014


CG "Mother and Child", a leading company in the provision of private healthcare in the field of women's health and pediatrics in Russia, announces the upcoming acquisition of 100% of the shares of Ivicend Holding Ltd, the owner of Medical Center "Avicenna". According to "Mother and Child", the value of the transaction was $45.5 million.

Medical Center "Avicenna" is located in Novosibirsk where CG "Mother and Child" does not operate yet.. The company "Avicenna" includes three multiprofile medical diagnostics clinics with their own laboratory as well as a hospital with a maternity ward.[1]

As a tool for secure document exchange during this transaction the parties used iDeals™ virtual data room.

[1] http://www.mcclinics.ru/media/news/68.html


iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.

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