Jacek_Sopotnicki/iStock via Getty Images Investment firm KKR ( NYSE: KKR ) on Monday said that it would acquire a controlling stake in India-based Baby Memorial Hospital, advancing its efforts to build a leading pan-India network of hospitals, including through both organic and inorganic growth strategies. Founded in 1987, BMH is one of the leading multi-specialty hospital chains in Kerala, with a capacity of 1,000 beds across hospitals in Calicut and Kannur, and planned expansions across the region. KKR makes its investment from its Asian Fund IV.
The transaction further builds on KKR’s track record in the healthcare sector in India and across Asia Pacific, which includes: Max Healthcare, Healthium, Infinx, JB Pharma, among others. Additional details of the transaction are not disclosed. Source: Press Release More on KKR & Co.
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1B deal (updated).
