About Medicover
Medicover is a company based in Warsaw (Poland) founded in 1995. It operates as a Professional Services, and Subscription Services. The company has 47,260 employees as of December 31, 2024. Medicover has completed 15 acquisitions, including Academica Medical, Allenort and CDT Medicus. Medicover offers products and services including Healthcare Services, Diagnostic Services, and Medicover Genetics. Medicover operates in a competitive market with competitors including Les Hopitaux Robert Schuman, among others.
- Headquarter Warsaw, Poland
- Employees 47260 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Medicover Ab Class B
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Annual Revenue
$2.17 B (USD)19.35as on Dec 31, 2024
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Net Profit
$17.32 M (USD)-5.45as on Dec 31, 2024
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EBITDA
$298.28 M (USD)17.1as on Dec 31, 2024
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Latest Funding Round
$154.96 M (USD), Debt – Conventional
Nov 21, 2019
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Investors
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Employee Count
47260
as on Dec 31, 2024
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Investments & Acquisitions
Academica Medical
& 14 more
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IPO & Listings of Medicover
Medicover is a publicly listed company on the OMXSTO with ticker symbol MCOV_B in Sweden, operating in the Health services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Medicover
Medicover offers a comprehensive portfolio of products and services, including Healthcare Services, Diagnostic Services, and Medicover Genetics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Outpatient and inpatient care services are provided globally.
Comprehensive clinical laboratory tests are conducted worldwide.
Genetic testing and integrated services are offered internationally.
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Funding Insights of Medicover
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $155.0M
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First Round
First Round
(21 Nov 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Debt – Conventional - Medicover | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Medicover
Medicover has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include Academica Medical, Allenort and CDT Medicus. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Obstetrics and gynecology services are offered at standalone Mediplus clinic.
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2019 | ||||
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2017 | ||||
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Chain of dental clinics
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Medicover
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medicover Comparisons
Competitors of Medicover
Medicover operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Les Hopitaux Robert Schuman, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Offers hospital care, medical treatments, and consultations in Luxembourg.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medicover
Frequently Asked Questions about Medicover
When was Medicover founded?
Medicover was founded in 1995 and raised its 1st funding round 24 years after it was founded.
Where is Medicover located?
Medicover is headquartered in Warsaw, Poland.
How many employees does Medicover have?
As of Dec 31, 2024, the latest employee count at Medicover is 47,260.
What is the annual revenue of Medicover?
Annual revenue of Medicover is $2.17B as on Dec 31, 2024.
What does Medicover do?
Medicover is established as a specialized provider of diagnostic and healthcare services, primarily operating in Central and Eastern Europe, with recent expansion into India. The company is divided into two main divisions: Diagnostic Services and Healthcare Services. Solutions are offered in outpatient and inpatient care, comprehensive laboratory testing, and genetic services. Focus is placed on quality, accessibility, and affordability of care, with operations spanning multiple countries. Sustainability and innovation are integrated into the mission to improve health and wellbeing globally.
Who are the top competitors of Medicover?
Medicover's top competitors include Les Hopitaux Robert Schuman.
What products or services does Medicover offer?
Medicover offers Healthcare Services, Diagnostic Services, and Medicover Genetics.
Is Medicover publicly traded?
Yes, Medicover is publicly traded on OMXSTO under the ticker symbol MCOV_B.
How many acquisitions has Medicover made?
Medicover has made 15 acquisitions, including Academica Medical, Allenort, and CDT Medicus.
What is Medicover's ticker symbol?
The ticker symbol of Medicover is MCOV_B on OMXSTO.
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