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Medicover to pick up 22 percent stake in MaxCure group

Wednesday, 23 Aug 2017
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Healthcare and diagnostic services provider, Medicover will pick up 22 percent stake in MaxCure Group of Hospitals.

The company is making an investment of Rs 100 crore to pick up the 22 percent stake in the company.

Going forward, Medicover can invest a maximum of Rs 3,200 million in MaxCure Hospitals.

This is the second investment by the healthcare provider after it ventured into the Indian healthcare sector with the launch of IVF clinics in Delhi in 2016. Another six to nine clinics are due to be opened by 2017 end.

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