Stockholm-listed, Sweden-based international healthcare and diagnostic services company, Medicover, has confirmed it has been approached and is in discussions with KKR regarding a potential sale of its Indian operations. There is no certainty that these discussions will result in any transaction.
Medicover is continuing with the planned IPO process in India of Medicover Hospitals India. In December 2024, it decided to evaluate the opportunity to list its Indian hospital subsidiary in India to support its growth ambitions in the fast-growing Indian market. It owns 66.9% of Medicover Hospitals India, which is among the 10 largest hospital providers in India by number of beds, with a presence in the states of Andhra Pradesh, Karnataka, Maharashtra and Telangana.
The Indian operations delivered strong growth of 14.3% in Q1 2026, with local currency revenue surging by 34.4%.
Press release: Press releases | Medicover
