Medicover's Social Finance Investor Report is now published

Medicover has released its Social Finance Investor Report for 2024. The social finance framework was launched in 2021 and in connection with the launch €277m was raised in German schuldschein debt. The social financing framework is a use-of-proceeds structure and aims to contribute to the World Bank's Universal Health Coverage goals, ensuring that people have access to essential healthcare services.

Lack of health infrastructure is one of the global development challenges and improving and increasing access for communities to affordable healthcare requires significant investments in infrastructure. Once a hospital or central laboratory is opened, it is there to serve the population for decades and generations to come. Medicover makes use of debt instruments to finance these investments with allocation of the proceeds from the debt instruments under the Social Bond Framework and adherence to the Framework principles.

In 2024 Medicover has issued an additional €45m in social schuldschein debt and increased the outstanding volume of the Social commercial paper programme to €140m, an increase of €65m. The report summarises investments in eligible projects with a total of €60.6m in the 9 months to September 2024, and in total €690.2m since 2016.

Some of the highlights of projects in the report include the new Medicover Hospital in Bengaluru and the Cancer institute in Vizag, India, and the new laboratory in Sarajevo, Bosnia Herzegovina. The report can be found on Medicover.com.

For further information, please contact:

Hanna Bjellquist, Head of Investor Relations

+46 703 033 272
hanna.bjellquist@medicover.com

Medicover is a leading international healthcare and diagnostic services company and was founded in 1995. Medicover operates a large number of ambulatory clinics, hospitals, specialty-care facilities, laboratories and blood-drawing points and the largest markets are Poland, Germany, Romania and India. In 2023, Medicover had revenue of €1,746 million and more than 45,000 employees. For more information, go to www.medicover.com