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.