Israeli On Clinic International left Russia

Medscan holding bought the Russian business of the Israeli network of medical centers On Clinic International – Medical on Group. This was reported to Vedomosti by the majority shareholder of Medscan Evgeny Tugolukov. Representatives of Mara Weissman and Alex Kanevsky, who owned 100% of Medical on Group, confirmed this information. The amount of the transaction is not disclosed. A source close to one of the parties says that it amounted to 1.68 billion rubles, which corresponds to four annual EBITDA indicators of Medical on Group.

Medical On Group, created by Boris Vaisman, the founder of On Clinic in Israel, has been operating in Russia since 1997. Initially, it specialized in the treatment of sexual dysfunctions in men, and later in proctology, dermatology, gynecology, phlebology, outpatient surgery, etc. The transaction parameter included 23 multidisciplinary clinics in 15 Russian regions: in Perm, Khabarovsk, Belgorod, St. Petersburg, Sevastopol and other cities. Medical On Group opened regional clinics in partnership with local investors, 12 clinics continue to work on the partnership model, said Kanevsky, who has been the CEO of Medscan Group since May. The revenue of Medical on Group at the end of 2021 amounted to 2.97 billion rubles. Net profit – 350 million rubles, in 2022 this figure is expected at the level of 400 million rubles.