# KKR to buy Medicover’s India hospitals for up to $1.5 billion

2026-08-06T11:11:00+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

KKR has agreed to acquire the Indian hospital business of Swedish healthcare group Medicover, with the deal expected to close in the fourth quarter pending regulatory approvals, according to NDTV Profit and the Economic Times. NDTV Profit reported the disposal values Medicover Hospitals India at an enterprise value of 1.2 billion euros, or about $1.4 billion, citing Medicover's own statement, while the Economic Times put KKR's spending at Rs 13,000 to 14,000 crore, or roughly $1.5 billion, citing people aware of the transaction. The Economic Times reported that Medicover Hospitals runs 26 hospitals with more than 6,000 beds across Telangana, Andhra Pradesh, Maharashtra and Karnataka, while NDTV Profit's report on Medicover's own statement put the network at 24 hospitals with about 4,800 beds. Its holding company reported $217.25 million in FY25 revenue with an 11.82% EBITDA margin, but also a $23.69 million net loss, and industry sources cited by the Economic Times project its EBITDA reaching around Rs 400 crore in FY27.

## Indian Opinion Analysis

The two outlets cannot even agree on the price: NDTV Profit reports an enterprise value of 1.2 billion euros based on Medicover's own statement, while the Economic Times cites people aware of the deal putting KKR's outlay at Rs 13,000 to 14,000 crore, a wider gap than a currency conversion explains. Behind the headline number, the Economic Times reports Rs 2,264.5 crore of existing debt and a FY25 net loss of $23.69 million alongside an 11.82% EBITDA margin, evidence of real financial strain behind Medicover's rapid expansion. KKR has previously backed Baby Memorial Hospital and Healthcare Global Enterprises as part of a broader push into Indian healthcare. SHPL's projected EBITDA is about Rs 400 crore in FY27, against the Rs 600 crore forecast for the year after.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/business/kkr-to-acquire-medicovers-indian-business-in-usd-1-4-billion-deal-11873774#publisher=newsstand>
- health.economictimes.indiatimes.com <https://health.economictimes.indiatimes.com/news/hospitals/kkr-to-acquire-medicover-india-in-1-5-billion-deal/132978956>

Tags: KKR, Medicover
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