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Medicover Hospitals Eyes Profitability for All 25 Facilities
26 Aug
Summary
- Nineteen of 25 Medicover hospitals are already profitable.
- KKR aims to increase EBITDA margin to over 20% from 14%.
- All 25 hospitals expected to be profitable within 18 months.
Medicover India is on track to achieve profitability for all 25 of its hospitals within the next 18 months. The hospital chain, recently acquired by KKR, currently has 19 profitable facilities, with the remaining six in development phases, typically requiring 12-18 months to break even. This expansion is supported by KKR's investment, aimed at fueling growth and infrastructure upgrades.
The company expects its EBITDA margin to climb to 20-25% from the current 14%, driven by increased bed occupancy and the maturation of its newer hospitals. Medicover India plans to operationalize an additional 1,200 beds over the next two years, expanding its capacity to 6,000 beds. Immediate focus remains on scaling existing facilities rather than new expansions.
