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KKR picks up 70% in BMH for ₹2K cr
Business Standard
|July 02, 2024
Global investment firm KKR on Monday said that it will acquire a controlling stake in Kerala's multispeciality hospital chain Baby Memorial Hospital (BMH).
According to sources, KKR picked up a 70 per cent stake in BMH for 2,000 crore. This marks the reentry for KKR in the Indian hospital segment after it sold its entire stake in Max Healthcare for around ₹9,400 crore in 2022.
KKR did not disclose the deal size or other details.
This transaction further shows that India is a key investment market for KKR - it has deployed over $12 billion in 38 investments since 2006, with more than $8 billion invested in the last four years alone.
This story is from the July 02, 2024 edition of Business Standard.
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