Mumbai, India: KKR has entered into definitive agreements to acquire Medicover India, the Indian hospital business of Medicover AB, further strengthening its presence in India’s healthcare sector. The transaction, announced on August 6, remains subject to customary regulatory approvals, while financial terms have not been disclosed.
Established in 2017, Medicover India operates a network of 24 multi-specialty hospitals across South and West India with approximately 4,800 beds. The healthcare provider offers services in more than 80 clinical specialties and is supported by over 1,900 doctors, serving millions of patients annually through its clinical infrastructure and medical technology.
KKR said the investment reflects its long-term view on India’s healthcare ecosystem and the growing need for investments in healthcare infrastructure, clinical capabilities, technology and innovation. The firm believes these areas will play an important role in supporting the country’s healthcare objectives while expanding access to quality medical services.
Akshay Tanna, Partner and Head of India Private Equity at KKR, said the investment is intended to support Medicover India’s next phase of growth by strengthening talent, technology, infrastructure and clinical capabilities. He added that the firm also aims to reinforce governance and operational standards while supporting the company’s doctors and employees in expanding access to advanced healthcare services and improving patient outcomes.
According to KKR, the firm has invested more than US$20 billion globally in the healthcare sector since 2004. Its investments have included healthcare providers, medical technology companies and related services focused on enhancing clinical capabilities, improving infrastructure and expanding access to care.
In India, KKR has invested across healthcare delivery, medical technology and healthcare-related services as part of its broader investment strategy in the sector.
The acquisition is expected to proceed after receiving the required regulatory clearances. KKR stated that additional details of the transaction will not be disclosed at this stage.
Source: This article is based on an official press release issued by KKR
KKR to Acquire Leading Multi-Specialty Healthcare Provider Medicover India
