KKR to invest $200 million in Radiant Life Care

Hospital management company Radiant Life Care and global investment firm KKR on Monday entered into an agreement under which KKR will spend $200 million to acquire a 49 per cent stake in Radiant, KKR said in a statement. This investment will help Radiant expand its footprint across India. Presently, Radiant has two iconic facilities in its portfolio: BLK Super Specialty Hospital, Delhi, and Nanavati Super Specialty Hospital, Mumbai. Radiant develops and operates high-end, state-of-the-art quaternary care facilities in India. It refurbishes hospitals and enhances their operations through initiatives such as the introduction of high-end speciality services, recruitment of experienced medical professionals, re-engineering processes, capacity expansion and by modernising facilities for improved care-giving and patient experiences. Radiant hospitals in Mumbai and Delhi offer quaternary care, including vital organ transplants, and have some of the largest bone-marrow transplant units in the world. KKR had previously extended financing to Radiant to support its growth. KKR is making the proposed investment from its KKR Asian Fund III. KKR has invested more than $3 billion through its private equity practice in India since 2006. KKR’s private equity portfolio in India includes, but is not limited to, Aricent, Bharti Infratel, Avendus Capital, Café Coffee Day, Emerald Media, Magma Fincorp, Max Financial Services, and SBI Life. In addition to private equity practice, KKR is focused on credit, capital markets and real estate opportunities in India.