KKR, the US-based private equity firm, has made a significant investment of ₹1,750 crore (approximately $210 million USD) in Baby Memorial Hospital, located in Kozhikode, India, through a rights issue. This latest funding round brings KKR's total investment in the hospital chain to ₹5,100 crore since it first acquired a stake in July 2024. KKR now holds a 75% stake in the hospital. The investment is part of KKR's strategy to expand Baby Memorial Hospital's presence in southern India, which has included recent acquisitions such as a controlling stake in Star Hospitals in Hyderabad and Meitra Hospital in Kerala. With these expansions, Baby Memorial Hospital is set to operate nine facilities across Kerala, Tamil Nadu, and Telangana, with a total bed capacity expected to reach 3,000. The hospital chain anticipates revenues of ₹2,500 crore by the end of the current financial year. KKR has a proven track record of transforming healthcare franchises into larger regional players, as seen with its previous investments in Max Healthcare and Radiant Life Care.