EMC publishes audited financial statements for 2021 in Russian
Nicosia, Cyprus, 9 September 2022. United Medical Group CY PLC (hereafter the “company”, and together with its subsidiaries the “group” or “EMC”; Moscow Exchange ticker GEMC), a leading multidisciplinary provider of premium healthcare services in Russia operating under the European Medical Center brand, publishes the audited consolidated financial statements for the year ended December 31, 2021 in Russian and English languages.
The report in Russian is published at the request of the regulatory authorities and starting from the period of FY’2021, the company will disclose the results in Russian regularly. In April 2022, the Company has already published audited financial statements for 2021 in English with an independent auditor's report signed by Deloitte & Touche CIS. The financial statements published today contain the opinion of Deloitte Limited (Cyprus), prepared for the regulatory authorities of the Republic of Cyprus.
Unlike the opinion prepared by Deloitte & Touche CIS, the version of Deloitte Limited (Cyprus) contains a clause related to the inability to verify the structure of holders of depositary receipts issued by the Company. In this regard, the Company declares that the depository receipts holders’ rights are registered by multiple third-party depositories and the Company is unable to obtain accurate information about the structure of owners. At the same time, the financial figures in both versions of the statements completely coincide.
About the company
EMC is a leading multidisciplinary provider of premium healthcare services in Russia with the longest track record of any major private healthcare business in this market.[ According to EMC’s estimates.] EMC is a fully integrated healthcare services provider offering a comprehensive range of diversified medical services, and has advanced capabilities in more than 57 specialisations, differentiating it from the competition in Russia. The company utilises a patient-centric approach to its healthcare services offering, which allows it to provide patients with a full range of diagnostics and treatment services as well as offer tailor-made medical care.
EMC also is a leading Russian provider of cancer treatment with extensive expertise in a full range of modern oncology treatment methods, state-of-the-art facilities and equipment as well as renowned experts with international experience.
EMC’s network comprises seven multidisciplinary medical centres, one maternity centre and one rehabilitation centre (with a total built-up area of approximately 87 thousand square metres), as well as three geriatric centres (with a total built-up area of approximately 14 thousand square metres).
Company’s depository receipts have traded on Moscow Exchange since July 15, 2021, under the ticker “GEMC”.
Head of Investor Relations
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These materials are not intended to and do not constitute investment advice. These materials do not constitute or form any part of and should not be constructed as an offer or commitment to sell or issue, a solicitation, recommendation, commitment or invitation to subscribe for, underwrite or otherwise acquire, and should not be construed as an advertisement for, any securities of United Medical Group CY PLC or any member of its group in any jurisdiction or an inducement to enter into investment activity in any jurisdiction.