Global investment firm KKR has announced its acquisition of a controlling stake in Baby Memorial Hospital (BMH), a multi-specialty hospital chain in India.
The investment firm in a press statement on Monday, informed that this investment is aimed at supporting BMH's mission to expand its network of hospitals across India, addressing the growing need for quality and accessible healthcare services.
Akshay Tanna, Partner and Head of India Private Equity at KKR highlighted the significance of this investment, saying, “Our partnership with BMH underscores KKR’s commitment to enhancing healthcare in India. We are excited to work with K G Alexander and his team to expand BMH’s reach and continue investing in top-tier medical infrastructure. This collaboration will enable BMH to deliver superior healthcare services to more patients across the country.”
K G Alexander, Founder and Chairman of Baby Memorial Hospital, expressed his enthusiasm about the partnership, stating, “KKR’s investment is a recognition of our dedication to providing accessible and high-quality healthcare. This collaboration will allow us to leverage both global and local expertise to accelerate our growth and extend our services throughout India while maintaining our commitment to patient care.”
KKR’s investment in BMH is part of its broader strategy to invest in the healthcare sector in India and the Asia Pacific region. Previous investments include Max Healthcare, Healthium, Infinx, JB Pharma, Gland Pharma, PHC, Bushu Pharma, and Metro Pacific Hospitals, the press statement added.
The financial details of the transaction have not been disclosed.
