KKR to Acquire Medicover's India Hospital Business for €1.2B
KKR sits 27% above its 52-week low of $82.67.
Summary
KKR is acquiring Medicover's India hospital business, which includes 24 hospitals and approximately 4,800 beds across South and West India, generating €220.5 million in annual revenue. The deal has an enterprise value of €1.2 billion, with Medicover receiving €0.74 billion in gross cash proceeds. This acquisition adds to KKR's recent large deals, including the £5.75 billion DCC Energy deal and the $4.2 billion EDF Power Solutions purchase. The transaction is expected to close in Q4 2026, pending regulatory approvals. KKR did not disclose financial terms of the deal.
At the time of this announcement, KKR was trading at $105.05 on NYSE in the Finance sector, with a market capitalization of approximately $94.9B. The 52-week trading range was $82.67 to $152.10. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: MFN by Modular Finance.