KKR Takes Controlling Stake in Baby Memorial Hospital

KKR will acquire a 70% stake in Kerala-based Baby Memorial Hospital for Rs 2,000 crore. Founded in 1987, the hospital chain has 1,000 beds across Calicut and Kannur. KKR's investment will aid the hospital's expansion and improve quality healthcare services in India.

In a significant development, global private equity giant KKR announced on Monday its plan to acquire a controlling 70% stake in Kerala's Baby Memorial Hospital for approximately Rs 2,000 crore.

Definitive agreements have been inked, allowing KKR's managed funds to secure the controlling interest in the hospital chain, originally founded by KG Alexander in 1987. With a current operational capacity of 1,000 beds across Calicut and Kannur, the hospital is set for further regional expansion.

The investment, according to KKR's head of private equity for India, Akshay Tanna, will support BMH's quest for quality and accessible healthcare services across India, leveraging a blend of organic and inorganic growth strategies. The hospital offers services in over 40 medical and surgical departments, including key areas like cardiology and oncology.

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