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KKR Set to Acquire Cancer Care Giant HCG

In a major move in the healthcare sector, global investment firm KKR is set to acquire Healthcare Global Enterprises (HCG), India’s leading cancer care hospital chain, from private equity firm CVC Capital Partners. The blockbuster deal, valued at approximately $400 million, marks a significant shift in India’s oncology landscape, reinforcing KKR’s growing interest in the country’s booming healthcare industry.

“Healthcare continues to be a thematic focus for KKR in India, our investment in HCG will support the development of medical infrastructure and the delivery of critical oncology services and care to more patients in the country,” said Akshay Tanna, Head of India Private Equity, KKR.

This acquisition underscores the rising investor confidence in specialized healthcare services, with HCG’s extensive network of cancer treatment centers playing a crucial role in India’s medical infrastructure. The deal is expected to bring strategic expansion and innovation to the forefront, with KKR leveraging its global expertise to enhance HCG’s capabilities.

Stay tuned as this high-stakes transaction unfolds, reshaping the future of cancer care in India.

News Source: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/kkr-to-buy-cancer-care-hospital-chain-hcg-from-cvc-for-400-million/articleshow/118508549.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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