KKR to acquire stakes in Star Hopsital for Rs 1,800 crores
Global investment firm KKR & Co. Inc.-backed Baby Memorial Hospital is set to acquire a 60% stake in Hyderabad Star Hospitals. This deal is done for Rs 1,800 crores, pegging the value of Star Hospitals at Rs 3,000 crores.
This is the part of KKR's long-term strategy in India, and the firm's broader Indian healthcare portfolio includes investments in medical devices firm Healthium MedTech, oncology chain HCG, and pharmaceutical entities like JB Pharma and Gland Pharma.