Europe’s Medicover Global to expand operations in Telugu States
- Launches 250-beds hospital at Nellore, Andhra Pradesh and to setup a world-class Cancer cure hospital
- Medicover to add 1000-beds through new facilities in Hyderabad, Visakhapatnam & Srikakulam in 2020
Chennai, February 19th, 2020:Medicover Global, a leading healthcare and diagnostic services provider from Europe, launched a 250-beds hospital in Nellore. The Groupwill further expand its operations in the coastal town with setting up of “Medicover Oncology Institute”(MOI), a 100-beds cancer cure facility. Present on the occasion were Mr. Fredrik Ragmark, CEO, Medicover Global; Mr. Joe Ryan, CFO, Medicover Global; Mr. John Stubbington, COO-Healthcare Services, Medicover Global; andDr. Anil Krishna, Chairman, Medicover India.
India has emerged as a focal point to MedicoverGlobal’s international business and will continue to invest into this fast-growing market. The Group has to date invested Rs 700 crore in the form of debt and equity; and has committed another Rs 300 crore towards upcoming projects, including MOI facility in Nellore.
Speaking to media at the inauguration of the Medicover Hospital in Nellore, Mr. Fredrik Ragmark, CEO, Medicover Global said, “India is the land of great opportunities! Medicover Global will bring best-in-class technology, capital, world-class infrastructure, artificial intelligence, and other elite services to deliver quality, process oriented, patient-centric healthcare in India. This market is all set to witness tremendous growth over the next few decades, and Medicover Global is rightly positioned to tap into this opportunity.”
Medicover currently operates in Hyderabad, Kurnool, Visakhapatnam, in addition to Nellore. The Group is in talks to acquire a 500-beds hospital in Hyderabad; and is in the process of adding another 500-beds in Andhra Pradesh, by setting up a 200-beds unit in Visakhapatnam, and a 300-beds facility in Srikakulam.
Commenting on expansion, Dr. Anil Krishna, Chairman, Medicover India said, “Not just the capital infusion; Medicover Global brings in processes and automation, which have emerged into key components in the last-mile healthcare delivery. Medicover has all necessary technological collaborations to ensure world-class infrastructure is brought to India and made available to the patients here.”
