KKR Acquires Stake in Baby Memorial Hospital

KKR and Baby Memorial Hospital said today that they had signed final agreements that will allow KKR-managed funds to take over the Indian multi-specialty hospital group.

The money will help BMH build a network of hospitals in India using both natural and artificial growth strategies. This will improve the standard and accessibility of its healthcare services in India.

BMH is a chain of hospitals in Kerala that provides a wide range of medical and surgical services in 40 different departments. These departments include heart, oncology, neurology, gastroenterology, pediatrics, and orthopedics.

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BMH has put money into good facilities and has a number of accreditations all over its network. It has 1,000 beds in Calicut and Kannur.

KKR is a global investment company that has been around since 2008 and offers solutions for insurance, capital markets, and alternative asset management.

Akshay Tanna, Partner and Head of India Private Equity, KKR, said: “Our investment in BMH reflects our continued thematic focus on healthcare in India. We are pleased to be strategic partners with Dr K G Alexander and family through this investment, which will aid BMH in expanding its network of hospitals and continuing to invest in medical infrastructure so that its medical services can reach more patients in India,"

Dr. K G Alexander, Founder and Chairman, Baby Memorial Hospital, said: “KKR's investment in BMH is a testament to our unwavering commitment to delivering accessible and quality healthcare services for all. We are pleased to be able to tap into global and local experience in the healthcare sector, which will enable us to accelerate our growth and expand our services across India, and importantly continue to deliver excellence to the patients we serve,”

About KKR

Founded in 1976 by Henry Kravis George, R. Roberts Jerome, Kohlberg Jr., KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions.

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