Medicover to invest $100mn in India for 50 fertility clinics

Hospitalforsalelease22 Dec, 2020Health

Europe’s leading healthcare industry provider Medicover plans to invest USD 100 million (over Rs 660 crore) to set up 50 fertility clinics in India over the next three years. The company, which started its operations in Poland some 20 years ago, plans to set up clinics in the Delhi/NCR region in the first phase followed by central and western parts of the country. “We are currently present in geographies like the UK, Poland, Ukraine and now plan to invest USD 100 million in India over the next three fiscals to set up 50 fertility clinics,” Medicover Division Chief Executive Officer John Stubbington told. The family-owned enterprise aims to fund the USD 100 million expansion in India through internal accruals. Initially, the company plans to come up with four clinics in the Delhi/NCR in the next two months with plans to have 10 such outlets in the country by the end of the year.