KKR-Backed Baby Memorial Hospital to Acquire 60% of Star Hospitals for ₹1,800 Crore
KKR-backed Baby Memorial to acquire 60% stake in Star Hospitals for ₹1,800 crore
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KKR-backed Baby Memorial Hospital, based in Kozhikode, has agreed to purchase a 60% stake in Star Hospitals, located in Hyderabad, for ₹1,800 crore (approximately $217 million USD). This acquisition values Star Hospitals at ₹3,000 crore and marks Baby Memorial's second major acquisition in under a year.
- 01Baby Memorial Hospital will acquire a 60% stake in Star Hospitals for ₹1,800 crore.
- 02The deal values Star Hospitals at ₹3,000 crore.
- 03This is Baby Memorial's second acquisition in less than a year, following the purchase of Meitra Hospitals.
- 04KKR aims to consolidate hospital assets in southern India through these acquisitions.
- 05Star Hospitals competes with other major healthcare providers in Hyderabad.
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KKR-backed Baby Memorial Hospital has reached an agreement to acquire a 60% stake in Hyderabad-based Star Hospitals for ₹1,800 crore (approximately $217 million USD). This acquisition values Star Hospitals at ₹3,000 crore. Founded by cardiologist Gopichand Mannam, Star Hospitals operates flagship facilities in Banjara Hills and Nanakramguda, competing with other healthcare providers like AIG Hospitals and Continental Hospitals. This acquisition follows Baby Memorial's previous purchase of Kerala's Meitra Hospitals for ₹1,200 crore. KKR, which acquired a controlling stake in Baby Memorial in July 2024, is leveraging this platform to pursue further acquisitions in southern India, aiming to create a larger healthcare entity that could potentially go public in the future. The Competition Commission of India has already approved the deal, with closing documentation completed, pending a few formalities.
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This acquisition will enhance healthcare services in Hyderabad and surrounding areas, potentially improving access to quality medical care for residents.
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