KKR has agreed to acquire multi-specialty hospital network Medicover India.

The transaction is subject to regulatory approvals. Financial terms and other details of the deal were not disclosed.

Established in 2017, Medicover India runs 24 hospitals and approximately 4,800 beds across South and West India. It provides comprehensive care across more than 80 clinical specialties, supported by more than 1,900 doctors and advanced clinical infrastructure and technology, serving millions of patients each year.

The company is a unit of Nasdaq-listed international healthcare and diagnostic services provider Medicover AB, which is headquartered in Stockholm, Sweden.

According to KKR, its investment reflects its belief in the long-term development of India's healthcare ecosystem. As India advances the objectives of the National Health Policy 2017, sustained investment in healthcare infrastructure, clinical capabilities, technology, and innovation will help strengthen the delivery of high-quality care for patients and communities across the country, it notes.

“We are pleased to invest in Medicover India and look forward to contributing to its next phase by investing behind its talent, technology, infrastructure and clinical capabilities, while reinforcing strong clinical governance and operational standards,” says Akshay Tanna, partner and head of India private equity at KKR.

“Through our investment, we look to support Medicover India’s doctors and employees in enhancing the quality of care they deliver, broadening access to advanced healthcare services, and improving patient outcomes for the communities the platform serves across India."

Since 2004, KKR has invested more than US$20 billion across the global healthcare ecosystem, supporting healthcare providers and businesses in strengthening clinical capabilities, investing in technology and infrastructure, and expanding access to high-quality care.

In India, KKR has invested across healthcare delivery, medical technology and related services, supporting businesses across the broader ecosystem.

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