Medicover expands into the healthcare market in india
On August 21, Medicover decided to initiate completion of the acquisitions of Medicover Healthcare Private Limited “Medicover Fertility India” and 22% of Sahrudaya Healthcare Private Limited “MaxCure” in India as stipulated in the prospectus. Proceeds of the two acquisitions totals approximately EUR 21 million. Medicover Fertility India was established in 2016 and has up until now been fully funded by the principal shareholder, but managed by Medicover. The purchase price of USD 7.4 million corresponds to the original investment cost. For the full year 2016, Medicover Fertility India