17 February 2003 14:22
Instrumentarium's Medko Medical Project Sales Unit to Equip New IFC-financed Medical Center in St. Petersburg, Russia
Helsinki, Instrumentarium today announced that it's project sales unit Medko Medical has signed a contract to
deliver medical equipment and services to a New Medical Center "NMC" in St. Petersburg, Russia. The
International Finance Corporation played the lead role in financing the project. The NMC will include a family medicine
clinic, a wide range of specialty outpatient clinics, a full-scale clinical laboratory, a diagnostic imaging department,
and a small surgical/medical inpatient unit. The main sponsor for the project is Scanfert a Finnish company specialized
in infertility treatment, which operates an existing clinic in St. Petersburg. Medko Medical will be responsible for
supplying the medical equipment, as well as the related installation and training. Financing for the project was
provided through the International Finance Corporation, Finnfund, Finnvera and Nordea Plc. Finnvera acted as the credit
guarantor. The total project cost for the NMC is estimated at US$9 million. The order for Medko Medical represents
approximately USD 1.5 million. About Instrumentarium and Medko Medical Instrumentarium is a leading international
medical technology company, headquartered in Helsinki, Finland. Instrumentarium currently derives approximately 80% of
sales from its Anesthesia and Critical Care operations (Datex-Ohmeda, Spacelabs Medical and Deio), and additionally
operates in Diagnostic Imaging and Infant Care. Medko Medical is the project sales unit of Instrumentarium. In 2002
Instrumentarium reported sales of EUR 1,127 million ($ 1,065 million) and had approximately 5,300 employees.
Instrumentarium is listed on the Helsinki Exchanges (INS1V.HE) with ADRs listed on the Nasdaq (INMRY). See also
www.instrumentarium.com. Further information: Instrumentarium Corp., Juhani Lassila, Group Treasurer, tel. +358 10 394
3422
[CAIW [Corporate Announcements Intelligence Wire]] |
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