medicover: Sweden’s Medicover is planning a big India push
He said Medicover will use a combination of internally generated cash flows and investments from its parent company to support growth in the country.
Stenmo was in India earlier this week to open a 300-bed multispecialty quaternary care hospital in Kharghar, Navi Mumbai, which was built in collaboration with the Bhartiya Vidya Peeth.
Medicover entered the Indian healthcare market in 2017 with the acquisition of a controlling stake in Hyderabad-based Sahrudaya Healthcare, which operated a hospital under the MaxCure brand.
Since then, it has expanded its operations to a network of 24 hospitals with over 5,000 beds in Andhra Pradesh, Telangana and Maharashtra.
Stenmo said India is the third largest and fastest growing business for Medicover, and will soon be the second largest, overtaking Germany.