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Europe Based Medicover Global launches 250 bed hospital in Nellore


Hyderabad 19th, 2020: Medicover Global, a leading healthcare and diagnostic services provider from Europe, has launched a 250-beds hospital in Nellore.


With this Medicover Global has all set its plans to further expand its base in the Telugu states of Andhra Pradesh and Telanana and very soon is planning to add 1000 more beds through establishing new facilities in various cities like Hyderabad, Vishakhapatnam and Srikakulam by end of the year 2020.


The Group will further expand its operations in the coastal town with setting up of “Medicover Oncology Institute” (MOI), a 100-beds cancer cure facility. Present on the occasion were Mr. Fredrik Ragmark, CEO, Medicover Global; Mr. Joe Ryan, CFO, Medicover Global; Mr. John Stubbington, COO-Healthcare Services, Medicover Global; and Dr. Anil Krishna, Chairman, Medicover India.


India has emerged as a focal point to Medicover Global’s international business and will continue to invest into this fast-growing market. The Group has to date invested Rs 700 crore in the form of debt and equity; and has committed another Rs 300 crore towards upcoming projects, including MOI facility in Nellore.


Speaking to media at the inauguration of the Medicover Hospital in Nellore, Mr. Fredrik Ragmark, CEO, Medicover Global said, “India is the land of great opportunities! Medicover Global will bring best-in-class technology, capital, world-class infrastructure, artificial intelligence, and other elite services to deliver quality, process oriented, patient-centric healthcare in India. This market is all set to witness tremendous growth over the next few decades, and Medicover Global is rightly positioned to tap into this opportunity.”

Medicover currently operates in Hyderabad, Kurnool, Visakhapatnam, in addition to Nellore. The Group is in talks to acquire a 500-beds hospital in Hyderabad; and is in the process of adding another 500-beds in Andhra Pradesh, by setting up a 200-beds unit in Visakhapatnam, and a 300-beds facility in Srikakulam.


Commenting on expansion, Dr. Anil Krishna, Chairman, Medicover India said, “Not just the capital infusion; Medicover Global brings in processes and automation, which have emerged into key components in the last-mile healthcare delivery. Medicover has all necessary technological collaborations to ensure world-class infrastructure is brought to India and made available to the patients here.”


Established in 1995 in response to the growing demand for high-quality healthcare services in Poland, Medicover subsequently expanded to other countries fulfilling similar needs. Today, Medicover’s Healthcare Services encompasses 21 hospitals, more than 100 healthcare centres and 23 fertility clinics spanning Poland, Romania, India, Ukraine, and a partner network of more than 2,300 local healthcare service providers. Medicover provides a broad spectrum of healthcare services via an extensive network of ambulatory clinics, hospitals, specialty-care facilities and laboratories through two divisions – Healthcare Services and Diagnostic Services.

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