Global investment firm KKR has announced the acquisition of Medicover India’s hospital business from Medicover AB of Sweden in a deal estimated at around ₹10,000 crore. The investment firm is also expected to provide ₹3,000–4,000 crore in additional capital to support the hospital network’s future growth.
The proposed acquisition will add one of India’s established multi-specialty hospital chains to KKR’s healthcare portfolio. Medicover India operates 24 hospitals with nearly 4,800 beds across South and West India and provides treatment in more than 80 specialties through a team of over 1,900 doctors.
“We 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,” said Akshay Tanna, Head of India Private Equity at KKR.
Medicover entered the Indian market in 2017 after taking control of Hyderabad-based Sahrudaya Healthcare, which operated the MaxCure hospital chain. Today, the business functions under Sahrudaya HealthCare Pvt. Ltd. The majority stake is held by Abc Medicover Holdings B V, while the remaining ownership rests with the founding doctors and senior management.
For FY25, the company reported revenue of $217.25 million, reflecting 14% annual growth, with an EBITDA of $25.68 million. However, it posted a net loss of $23.69 million, according to Tracxn. An ICRA report also noted that Medicover plans to expand into additional specialties, including oncology, to diversify its clinical offerings.
KKR has been steadily increasing its investments in Indian healthcare. Since re-entering the hospital sector in 2025, it has acquired a controlling stake in Baby Memorial Hospital, expanded through acquisitions of Meitra Hospital and Chazhikattu Multi Speciality Hospital, and purchased a controlling interest in Healthcare Global Enterprises (HCG). The firm also backed Manipal Education and Medical Group with $600 million in structured financing.
“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,” Tanna added.
The Medicover transaction further highlights the growing confidence of global investors in India’s hospital sector. With increasing demand for advanced healthcare services and continued expansion of private hospital networks, the deal is expected to strengthen Medicover’s growth plans while reinforcing India’s position as an attractive healthcare investment destination.
(Photo credit: medicoverhospitals.in)