3 weeks ago
Medicover Sells India Hospital Business to KKR for $1.39 Billion
A company called Medicover runs hospitals in several countries.
One of those countries is India.
Medicover has decided to sell its hospitals in India.
A big investment company called KKR is going to buy them.
The price is about €1.2 billion, which is around $1.39 billion.
That is a very large amount of money.
Medicover says the sale will help it focus on Poland, Germany, and Romania.
The company will get about €740 million in cash from the deal.
The sale is expected to be finished in late 2026.
Swedish healthcare provider Medicover agreed to sell its India hospital business to funds managed by KKR for €1.2 billion ($1.39 billion).
Medicover said the divestment will help it focus strategically and operationally on Poland, Germany, and Romania.
The deal is expected to bring Medicover gross cash proceeds of €740 million.
Medicover expects to complete the divestment in the fourth quarter of 2026.
Medicover owns 66.1% of Medicover Hospitals India, which generated €220.5 million in annual revenue on a last-twelve-months basis as of June 30, 2026.
- Who
- Medicover, a Swedish healthcare provider, is selling its India hospital business to funds managed by global investment firm KKR.
- What
- The sale of Medicover's India hospital business for €1.2 billion ($1.39 billion).
- Where
- India, where the hospital business operates; Medicover will continue focusing on Poland, Germany, and Romania.
- When
- The agreement was announced on Thursday, with completion expected in the fourth quarter of 2026.
- Why
- To help Medicover focus strategically and operationally on Poland, Germany, and Romania.
Key facts
- Deal value
- €1.2 billion ($1.39 billion)
- Buyer
- Funds managed by KKR
- Seller
- Medicover (Swedish healthcare provider)
- Expected completion
- Fourth quarter of 2026
- Gross cash proceeds
- €740 million
- Medicover ownership in MHI
- 66.1% (minority shareholders hold 33.9%)
- MHI annual revenue
- €220.5 million (last twelve months as of June 30, 2026)
- India share of Medicover revenue
- 10% in the second quarter
Sources
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