Medicover India Targets 2026 IPO After Rapid Expansion & Unique Strategy

• Medicover Hospitals India, the local arm of Swedish giant Medicover AB, plans an IPO by late 2026 or 2027 to unlock value in India's booming market.
• The company has rapidly expanded from one hospital in 2015 to 24 facilities, investing Rs 2,000 crore to build a 6,000-bed capacity network.
• Medicover employs a "distressed asset" strategy, acquiring and turning around unprofitable hospitals, keeping capital costs lower than competitors.
• A "digital factory" model with a 100% paperless system has drastically cut discharge times, effectively increasing hospital capacity and efficiency.
• India is Medicover AB's fastest-growing market, contributing 10-11% of global revenue, with projected FY26 revenue of Rs 2,150–2,200 crore.

Why It Matters: Medicover India's IPO aims to capitalize on its rapid growth and unique turnaround strategy in a key market.