Mumbai: KKR is in superior talks to purchase a majority stake in the Indian enterprise of Sweden’s Medicover for at least $1 billion, a source with direct data of the matter stated, a deal that will increase its healthcare guess in the world’s most populous nation.
Stockholm-listed Medicover issued a press launch quickly after Reuters despatched a request for touch upon Wednesday evening, saying Medicover Hospitals India is in discussions with KKR “concerning a possible sale of its Indian operations.”
The corporate didn’t present any particulars and Reuters is first to report that talks are ongoing for KKR to take a majority stake in the Indian enterprise unit for at least $1 billion.
Medicover, which entered the nation in 2016, operates a community of 26 hospitals with round 6,000 beds. In its assertion, it stated it has additionally been getting ready for an Indian preliminary public providing.
Sweden’s Medicover owns 66.9% of Medicover Hospitals India. KKR is in search of to purchase the Swedish agency’s complete stake for at least $1.05 billion and can be in discussions with minority shareholders.
The “discussions are ongoing and a non-binding settlement has been reached,” stated the particular person, who declined to be named publicly because the talks are non-public.
Medicover didn’t reply to Reuters queries and KKR declined to remark.
INTEREST IN HOSPITALS
In its press launch, Medicover stated there isn’t any certainty that discussions with KKR will end result in any transaction and that the agency is continuous with the IPO course of.
KKR has been steadily rising its healthcare investments in India. In 2024, the buyout agency purchased a controlling stake in a hospital chain in the southern state of Kerala and has since backed the hospital group’s growth via acquisitions.
India’s hospital sector has attracted sturdy investor curiosity as rising incomes, increasing medical insurance protection and rising demand for high quality healthcare drive consolidation and capability growth throughout the business.
Medicover competes with Apollo Hospitals, Aster Hospitals, and Fortis Healthcare in India.
Rothschild is advising on the sale course of, whereas Kotak is advising KKR, the particular person added.
Kotak and Rothschild didn’t reply to Reuters queries.
Medicover’s India unit reported annual income of $234.6 million in 2025, up practically 1% from a yr earlier. The Indian enterprise accounts for greater than half of the group’s hospitals globally.
(Reporting by Vibhuti Sharma; Modifying by Aditya Kalra and Thomas Derpinghaus)
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