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

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.