Medicover Hospitals is set to launch an Initial Public Offering (IPO) to fund the expansion of its infrastructure and to reduce its debt, which stands at approximately ₹1,000 crore. This announcement was made by Anil Krishna, Chairman and Managing Director of Medicover Hospitals, during a press conference on Monday, where the company also revealed plans for expansion in Telangana, including the addition of two new multi-specialty hospitals in Hyderabad.
The new Medicover Hospital in Secunderabad, which has been developed at a cost of ₹100 crore, will feature 300 beds and is scheduled to be inaugurated on September 16. This facility will mark Medicover’s 24th hospital in India.
In addition, a second facility is underway in the Financial District of Kokapet, with operations expected to start by the end of this year. Built with an investment of ₹150 crore, this upcoming hospital will offer 500 beds and will include a dedicated comprehensive cancer care unit.
Krishna emphasized the company’s commitment to strengthening its presence in metropolitan areas and Tier-2 towns. He noted that while there are currently no immediate plans to acquire smaller hospitals, Medicover will consider such opportunities if they fit the company’s strategic goals.
Furthermore, the organization is exploring expansion in key markets beyond the Telugu states, specifically in Bengaluru and Pune. Within Hyderabad, plans are in place to increase the capacity of the Chandanagar facility by an additional 150 beds, which will elevate Medicover’s overall bed capacity to approximately 6,400 across India, as stated by Krishna.
Published on September 15, 2025.
