Medicover to sell India hospital business to KKR for €1.2 billion
Medicover to sell India hospital business to KKR for €1.2 billion Aug 6 (Reuters) - Swedish healthcare provider Medicover MCOVb.ST agreed on Thursday to sell its India hospital business to funds managed by global investment firm KKR KKR.N for €1.2 billion ($1.39 billion).
Medicover said the deal would help it focus strategically and operationally on Poland, Germany and Romania.
The divestment will bring Medicover gross cash proceeds of €740 million
Medicover's financial targets remain unchanged until after completion of the transaction, the company said
It expects to complete the divestment in the fourth quarter of 2026
Medicover’s ownership in Medicover Hospitals India (MHI) amounts to 66.1%, while minority shareholders hold 33.9%
MHI generated annual revenue of €220.5 million on a last-twelve-months basis as of June 30, 2026
In the second quarter, India made up 10% of Medicover's revenue, according to its quarterly report
($1 = 0.8663 euros)
(Reporting by Vera Dvorakova in Gdansk; Editing by Izabela Niemiec )
((vera.dvorakova@thomsonreuters.com))
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