KKR buys controlling stake in Baby Memorial Hospital

Akshay Tanna, Partner and Head of India Private Equity, KKR, said, “Our investment in BMH reflects our continued thematic focus on healthcare in India. We are pleased to be strategic partners with Dr. K G Alexander and family through this investment, which will aid BMH in expanding its network of hospitals and continuing to invest in medical infrastructure so that its medical services can reach more patients in India. We look forward to drawing from KKR’s network and deep healthcare expertise to take BMH to its next phase of growth and deliver greater impact to its communities.”

Dr. K G Alexander, Founder and Chairman of Baby Memorial Hospital, said, “KKR's investment in BMH is a testament to our unwavering commitment to delivering accessible and quality healthcare services for all. We are pleased to be able to tap into global and local experience in the healthcare sector, which will enable us to accelerate our growth and expand our services across India, and importantly continue to deliver excellence to the patients we serve.”

KKR makes its investment from its Asian Fund IV. The transaction further builds on KKR’s track record in the healthcare sector in India and across Asia Pacific, which includes: Max Healthcare, one of India’s largest hospital networks; Healthium, a Indian medical devices company; Infinx, a tech-enabled healthcare revenue solutions provider; JB Pharma, a branded formulations pharmaceutical company in India; Gland Pharma, a Indian pure-play generic injectable pharmaceutical products company; PHC, provider of medical equipment and clinical healthcare IT systems in Japan; Bushu Pharma, a pure-play contract development and manufacturing company in Japan; and Metro Pacific Hospitals, a private hospital chain in the Philippines.

Additional details of the transaction are not disclosed.