KKR to acquire 70% stake in Kerala's Baby Memorial Hospital for Rs.2,500-Cr

Asian Fund IV, a fund managed by global private equity investor KKR, is to acquire a 70% stake in Kozhikode, Kerala-headquartered multi-specialty hospital chain Baby Memorial Hospital (BMH) for USD 300 million (around INR 2,500 crore). KKR’s investment will support BMH’s efforts to build a pan-India network of hospitals.Founded in 1987 by Dr. K G Alexander, BMH is a multi-specialty hospital chain, with a capacity of 1,000 beds across in Calicut and Kannur, and planned expansions across the region. BMH provides treatments across 40 departments including cardiology, oncology, neurology, gastroenterology, paediatric and orthopaedic care.