KKR is in advanced talks to buy a majority stake in the Indian business of Sweden’s Medicover for at least $1 billion, a source with direct knowledge of the matter said, a deal that would expand its healthcare bet in the world’s most populous nation. Stockholm-listed Medicover issued a press release soon after Reuters sent a request for comment on Wednesday night, saying Medicover Hospitals India is in discussions with KKR “regarding a potential sale of its Indian operations.” Medicover, which entered the country in 2016, operates a network of 26 hospitals with around 6,000 beds. In its statement, it said it has also been preparing for an Indian initial public offering.
Read the full article: KKR Eyes at Least $1B Stake in Medicover’s India Hospital Arm, Source Says //
Source: https://sg.finance.yahoo.com/news/exclusive-kkr-eyes-least-1-053259729.html