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KKR to acquire Kerala hospital in year's third India healthcare deal

VCCircle

VCCircle · 1y ago

KKR to acquire Kerala hospital in year's third India healthcare deal

Private equity firm KKR has announced its acquisition of a majority stake in Kerala-based Baby Memorial Hospital (BMH), marking its third healthcare deal in India this year. Through its investment, KKR aims to support the expansion of BMH's network of hospitals across India. The financial terms of the transaction were not disclosed. KKR has previously invested in the Indian healthcare sector, including acquiring a minority stake in Infinx Services Pvt Ltd and purchasing medical devices maker Healthium Medtech Ltd. The deal underscores the growing interest of global funds in India's healthcare sector.

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KKR acquires controlling stake in Baby Memorial Hospital

YourStory

YourStory · 1y ago

KKR acquires controlling stake in Baby Memorial Hospital

Private equity firm KKR has agreed to acquire a controlling stake in Indian multi-specialty hospital chain Baby Memorial Hospital (BMH). The investment will support BMH in expanding its hospital network and enhancing healthcare services in India. KKR's expertise and network in the healthcare sector will help drive BMH's growth and make a positive impact on the communities it serves. This move aligns with KKR's focus on healthcare investments in India and other regions. BMH, founded in 1987, offers comprehensive services across various medical and surgical departments.

KKR may do a Radiant with BMH, says hospital chain's CEO Manian

VCCircle

VCCircle · 10m ago

KKR may do a Radiant with BMH, says hospital chain's CEO Manian

KKR may consider joining forces with the Baby Memorial Hospital Group (BMH), according to Harish Manian, the CEO of BMH. KKR previously invested in Radiant Life Care in 2017 and used it to acquire Max Healthcare before making a $2 billion exit in 2022. Manian believes that KKR could look towards expanding its healthcare portfolio further with a potential partnership with BMH.

General Atlantic set to buy Ujala Cygnus; Endiya Partners plans third fund

VCCircle

VCCircle · 1y ago

General Atlantic set to buy Ujala Cygnus; Endiya Partners plans third fund

Private equity firm General Atlantic is reportedly in talks to acquire a 70% stake in Ujala Cygnus Healthcare Services, a Delhi-based multi-specialty hospital chain. The deal, if finalized, could value the hospital chain at around Rs 1,600 crore. Meanwhile, venture capital firm Endiya Partners is planning to launch its third fund.

KKR eyes another hospital in push for bigger healthcare play in South India

VCCircle

VCCircle · 5m ago

KKR eyes another hospital in push for bigger healthcare play in South India

KKR is intensifying its focus on southern India's healthcare sector, seeking to acquire another hospital operator. Following their acquisition of one company, KKR is evaluating a second healthcare firm to bolster its presence. The New York-listed private equity firm has completed four transactions in India's healthcare industry, indicating a strategic expansion. This move aligns with KKR's broader goals to capitalize on growth opportunities and enhance its healthcare investments in the region.

Grapevine: TPG, KKR eye CVC’s stakes in hospital chain; Verlinvest plans Sula exit

VCCircle

VCCircle · 1y ago

Grapevine: TPG, KKR eye CVC’s stakes in hospital chain; Verlinvest plans Sula exit

Private equity firms EQT, TPG Capital, and KKR are considering acquiring CVC Capital's controlling stake in the cancer hospital chain Healthcare Global Enterprises (HCG). The deal may also include an open offer for an additional 26% stake in the company.

Exclusive: KKR plots platform deal to re-enter Indian hospital sector

VCCircle

VCCircle · 1y ago

Exclusive: KKR plots platform deal to re-enter Indian hospital sector

Global private equity firm KKR is reportedly considering re-entering the Indian hospital sector by building a hospital platform. This comes two years after KKR sold its stake in Max Healthcare Institute Ltd for nearly $2 billion. The firm is said to be in advanced discussions with potential partners to establish the platform, which would allow it to invest in and operate multiple hospitals in India.

Asian buyout firm shortlists bidders for $800 million Malaysia hospital sale

Livemint

Livemint · 1y ago

Asian buyout firm shortlists bidders for $800 million Malaysia hospital sale

Malaysia's IHH Healthcare and Sunway are among the three bidders vying to acquire Island Hospital, one of the largest hospitals in the country, from Affinity Equity Partners. The hospital, based in Penang, is valued at over $800 million. The third bidder is an Asia-based sponsor with experience in the healthcare sector. The sale of Island Hospital was initially planned for 2020 but was postponed due to the pandemic. Private-equity investors and companies are attracted to Asia's healthcare sector due to the significant demand in the region.

KKR to Acquire a Stake in Cotiviti From Veritas Capital

Livemint

Livemint · 1y ago

KKR to Acquire a Stake in Cotiviti From Veritas Capital

Private-equity firm KKR & Co. is set to acquire a stake in healthcare-technology company Cotiviti from Veritas Capital in a deal valued at approximately $11 billion. This would make KKR and Veritas equal owners of Cotiviti. The acquisition marks one of the largest private-equity transactions in recent times. The deal is expected to close in the second quarter of this year, pending regulatory approval. Cotiviti provides regulatory and cost-control technology for healthcare providers and insurers. The acquisition signals a potential rebound in large private-equity mergers after a slow 2023.

KKR pursuing another Kerala-based hospital operator

VCCircle

VCCircle · 5m ago

KKR pursuing another Kerala-based hospital operator

Private equity firm KKR is considering acquiring another hospital in South India to expand its presence in the healthcare sector. The New York-listed firm has already completed four transactions in India's healthcare industry. This potential acquisition aligns with KKR's strategic efforts to strengthen its footprint in the Indian market. The focus on South India highlights the region's growing importance in healthcare investments, reflecting KKR's ongoing commitment to enhancing its portfolio in this sector.

Aster DM Healthcare to invest ₹1,400 crore in expansion across India

Business Today

Business Today · 4m ago

Aster DM Healthcare to invest ₹1,400 crore in expansion across India

Aster DM Healthcare plans to invest Rs 1400 crore to expand its network in India by adding 1,700 beds by FY27. This includes investments in Kerala, Karnataka, and Hyderabad, with ₹850 crore in Kerala alone. Projects include a new hospital in Trivandrum and expanded facilities in Kasaragod and Kochi. With a merger, Aster has consolidated its assets, now operating 38 hospitals with over 10,000 beds across 27 cities, also focusing on digital health services.

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