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.
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