KKR to acquire controlling stake in Baby Memorial Hospital for Rs 2000 crore
According to sources, the US-headquartered PE company is set to pick up a 70 per cent stake in the hospital chain for around Rs 2,000 crore.
![KKR to acquire controlling stake in Baby Memorial Hospital for Rs 2000 crore](https://cdn.zeebiz.com/sites/default/files/2024/07/01/302559-hospital.jpg?im=FitAndFill=(1200,900))
Global private equity major KKR on Monday announced that it will acquire a controlling stake in Kerala-based Baby Memorial Hospital.
According to sources, the US-headquartered PE company is set to pick up a 70 per cent stake in the hospital chain for around Rs 2,000 crore.
Definitive agreements have been signed, in which funds managed by KKR will acquire a controlling stake in BMH, a chain founded in 1987 by KG Alexander.
It has grown into a leading multi-speciality hospital chain in Kerala, with a capacity of 1,000 beds across hospitals in Calicut and Kannur, as per an official statement.
The company has also planned for expansion across the region, it said, hinting that the future plans also include acquisitions.
"KKR's investment will support BMH's efforts to address the growing need for quality, accessible healthcare services in India by advancing its efforts to build a leading pan-India network of hospitals, including through both organic and inorganic growth strategies," it said.
The chain provides services across 40 medical and surgical departments, including cardiology, oncology, neurology, gastroenterology, pediatric and orthopaedic care, the statement added.
KKR's head of private equity for India Akshay Tanna said it has a focus on the healthcare segment in India, and the investment will see BMH expand its network of hospitals.
"We look forward to drawing from KKR's network and deep healthcare expertise to take BMH to its next phase of growth and deliver greater impact to its communities," Tanna added.
The hospital chain's founder and chairman KG Alexander said it is pleased to tap into global and local experience in the healthcare sector, which will enable it to accelerate growth and expand services across India.
The investment will be made by KKR from its Asian Fund IV, the statement said, adding KKR's past bets in the space include Max Healthcare, branded formulations pharmaceutical company J B Pharma, and pure-play generic injectable pharmaceutical products company Gland Pharma.
KKR, which has been investing in India since 2006, has deployed over $12 billion across 38 investments in the country.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-kisan-vikas-patra-monthly-income-scheme-recurring-deposit-public-provident-fund-national-savings-certificate-ssy-features-interest-rate-post-office-investment-schemes-for-general-and-senior-citizens-347531](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353527-your-paragraph-text-17.jpg?itok=AwJK0DKA)
Post Office Guaranteed Return Schemes: PPF, SCSS, NSC, and 5 other financial schemes that provide up to 8.2% interest rate
![https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-sip-mutual-fund-retirement-corpus-planning-calculator-how-many-years-it-will-take-to-reach-inr-rs-80000000-with-7000-11000-and-16000-monthly-investment-market-linked-return-346156](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/11/352047-poc-cover-2.jpg?itok=Fa26qSfi)
Power of Compounding: How long it will take to build Rs 8 crore corpus with Rs 7,000, Rs 11,000 and Rs 16,000 monthly investments
![https://www.zeebiz.com/personal-finance/photo-gallery-7th-pay-commission-monthly-salary-calculator-is-your-basic-salary-inr-rs-24500-53000-81100-know-your-total-salary-8th-matrix-salary-scale-band-grade-dearness-allowance-travel-hra-house-rent-347484](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353484-7th-pay-commission-salary-calculator.jpg?itok=exBYKLyX)
Monthly Salary Calculations: Is your basic salary Rs 24,500, Rs 53,000, or Rs 81,100? Know how much total salary central government employees may get
![https://www.zeebiz.com/personal-finance/photo-gallery-new-income-tax-bill-regime-slabs-old-existing-proposed-revised-calculator-what-will-be-your-tax-on-annual-income-salary-of-inr-rs-800000-1400000-2000000-2600000-nirmala-sitharaman-budget-2025-346889](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/13/352870-top7-hybrid-funds-in-10-years-1.jpg?itok=UqwoA5Li)
Income Tax Calculations: What will be your tax liability if your salary is Rs 8 lakh, Rs 14 lakh, Rs 20 lakh, and Rs 26 lakh?
![https://www.zeebiz.com/personal-finance/photo-gallery-top-7-large-and-mid-cap-sip-mutual-funds-with-best-cagr-return-by-one-time-investment-5-years-calculator-rs-15-lakh-investment-in-no-1-scheme-is-worth-446-lakh-nifty-bse-hdfc-uti-icici-quant-motilal-347423](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353453-top-7-large-and-mid-cap-mutual-funds-in-5-years.jpg?itok=HVXazooH)
Top 7 Large and Mid Cap Mutual With Best Returns in 5 Years: Rs 1.5 lakh one-time investment in No. 1 scheme has sprung to Rs 4.46 lakh
![https://www.zeebiz.com/personal-finance/photo-gallery-employees-pension-calculation-what-will-be-your-monthly-pension-with-rs-35000-salary-25-years-of-service-age-33-retirement-corpus-epf-eligibility-benefits-income-formula-347502](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353507-eps-1.jpg?itok=QiOr5Wja)
EPS Pension Calculation: Estimate your monthly pension with Rs 35,000 salary, 25 years of service & age 33
![https://www.zeebiz.com/personal-finance/photo-gallery-retirement-corpus-mutual-fund-lump-sip-one-time-investment-planning-calculator-calculations-how-inr-rs-1000000-deposit-can-create-rs-30000000-fund-in-30-years-power-of-compounding-347205](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/14/353193-salary-da-calculator.jpg?itok=-EhQme5U)
Retirement Planning: How one-time investment of Rs 10,00,000 can create Rs 3,00,00,000 retirement corpus
08:36 PM IST