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The Economic Times

Business

Medicover India hospitals to be profitable in 18 months, eyes 20-25% margins

HYDERABAD: Swedish healthcare provider Medicover's India business is on track to have all 25 hospitals in its network become profitable within 18 months, driven by rising occupancy and demand for specialised care, a top executive said on Wednesday.

Earlier this month, global ‌investment firm ⁠KKR ⁠signed a deal to buy Medicover's India business for €1.2 billion ($1.40 billion), pending regulatory approvals.

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