Medicover to sell India hospital business to KKR for €1.2 billion

Aug 6 (Reuters) - Swedish healthcare provider Medicover agreed on Thursday to sell its India hospital business to funds managed by global investment firm KKR 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 )