Medicover Sells India Hospital Business to KKR for €1.2 Billion
Swedish healthcare provider Medicover has agreed to sell its India hospital business to funds managed by global investment firm KKR in a deal valued at €1.2 billion ($1.39 billion). The transaction marks a major move for Medicover as it reshapes its global healthcare portfolio and strengthens its focus on key European markets.
The company said the sale will allow it to concentrate its strategic and operational efforts on Poland, Germany, and Romania. Medicover expects to receive €740 million in gross cash proceeds from the divestment while maintaining its existing financial targets until the transaction is completed. The deal is expected to close during the fourth quarter of 2026, subject to customary approvals.
Medicover currently owns 66.1% of Medicover Hospitals India, while minority shareholders hold the remaining 33.9%. The India hospital business generated €220.5 million in revenue over the 12 months ending June 30, 2026. According to the company’s latest quarterly report, its India operations contributed around 10% of Medicover’s total revenue during the second quarter.
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