(RTTNews) - KKR, an investment firm, announced that it has signed definitive agreements to acquire Medicover India, the hospital operations of Medicover AB (MCOV_B.ST).
Founded in 2017, Medicover India operates a multi-specialty hospital network comprising 24 hospitals and approximately 4,800 beds across South and West India. The company provides care across more than 80 clinical specialties, supported by over 1,900 doctors and advanced clinical infrastructure, serving millions of patients annually.
KKR stated that its investment reflects confidence in the long-term development of India's healthcare ecosystem. The firm emphasized that as India advances the objectives of the National Health Policy 2017, sustained investment in infrastructure, clinical capabilities, and technology will be critical to strengthening delivery of high-quality care.
Akshay Tanna, Partner and Head of India Private Equity at KKR, noted that the firm looks forward to supporting Medicover India's next phase of growth by investing in talent, technology, infrastructure, and clinical capabilities, while reinforcing strong governance and operational standards. He added that the investment aims to broaden access to advanced healthcare services and improve patient outcomes across the communities Medicover India serves.
Globally, KKR has invested more than $20 billion across the healthcare sector since 2004, supporting providers and businesses in strengthening clinical capabilities, expanding infrastructure, and improving access to care. In India, the firm has previously invested across healthcare delivery, medical technology, and related services.
The transaction is subject to regulatory approvals, with further details not disclosed.
MCOV_B.ST has traded between SEK 179.40 and SEK 278.50 over the past year. The stock is currently trading at SEK 241, up 8.07%.
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