- KKR will buy 51% of HealthCare Global Enterprises (HGE) for Rs 3,203 crore, marking its second investment in India's hospital sector.
- An open offer for an additional 26% stake at Rs 445 per share will be made to HGE's shareholders, with KKR aiming to hold between 54% and 77% equity.
- HGE's market value is Rs 7,000 crore, and the deal values it at Rs 6,203 crore. The transaction is expected to conclude by Q3 2025.
- HGE operates 25 medical care centers across 19 cities, with 2,500 beds and nearly 100 operating theaters.
- Dr. BS Ajaikumar, founder of HGE, will become the non-executive chairman, focusing on clinical, academic, and research aspects.
Source: The Times Of India, Mint
