Increased ownership in Medicover Hospitals
Medicover AB (publ) has increased its ownership in Medicover Hospitals (MaxCure) in India from 49.2% to 53.1% via a mixture of primary shares and secondary shares acquired. Medicover holds also additional convertible loans that if converted would take ownership to approximately 57%. This investment brings the total carrying value of the ownership in Medicover Hospitals to EUR 57 million for its stake. Medicover is now the majority owner in Medicover Hospitals and the business will be consolidated as from 1 December 2019. Medicover Hospitals consist of 11