Medicover India Eyes Profitability
Swedish healthcare provider Medicover expects all its Indian hospitals to achieve profitability within eighteen months. The expansion is driven by KKR acquiring the business for 1.2 billion euros.
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Medicover expects its hospital network in India to achieve full profitability within 18 months, targeting core profit margins of 20% to 25%. The expansion follows a buyout deal with KKR valuing the unit at €1.2 billion ($1.40 billion). Private equity investment in the country's healthcare sector continues to accelerate amid rising demand for specialized care.
