MEDICOVER ACCELERATES INVESTMENTS IN INDIA
Medicover has increased its investments in the Indian hospital chain MaxCure ahead of previous discussed timetables. The initial ownership of 22% has been increased to 26.8% through an injection of new capital of EUR 2.6 million. The ownership is expected to be increased shortly to 37.2% via a secondary share purchase of EUR 3.4 million and an adjustment of share capital structure. This investment brings the total cost of current ownership in Maxcure to EUR 16.6 million. MaxCure will use the additional funds to expand existing hospital sites, acquire a minority in an existing subsidiary