US-based private equity firm KKR has invested ₹1,750 crore in Kerala-based Baby Memorial Hospital (BMH) as part of its ongoing push to strengthen the hospital chain’s expansion and acquisition plans.
This latest infusion, done through a rights issue, takes KKR’s total investment in BMH to over ₹5,100 crore since it first acquired a stake in July 2024. With this round, KKR’s ownership in the hospital group has risen to around 75%.
The funding is expected to support both organic growth and strategic acquisitions as BMH expands its presence in southern India. The approach follows KKR’s earlier healthcare investments, where it scaled up hospital networks before exiting at significant returns.
As part of its expansion roadmap, BMH is developing new facilities, including a hospital project in Chennai, while also actively looking at acquiring additional healthcare assets.
KKR had initially invested about ₹2,100 crore in July 2024, followed by another ₹1,261 crore in September last year before this latest investment.
BMH has also been expanding through acquisitions, including a 60% stake purchase in Hyderabad-based Star Hospitals for ₹1,800 crore, valuing the hospital at around ₹3,000 crore. Earlier, it also acquired Kerala-based Meitra Hospital.
At present, BMH operates nine hospitals across Kerala, Tamil Nadu, and Telangana, with a total capacity of about 3,000 beds. The combined entity is expected to generate around ₹2,500 crore in revenue this financial year.
