Global investment giant KKR has made a significant move by announcing its acquisition of Healthium Medtech, a prominent Indian medical devices company, from Apax Partners for a substantial amount of Rs 7,000 crore. This deal, facilitated through a special purpose vehicle under KKR's management, will grant KKR a controlling interest in Healthium Medtech, marking KKR's continued interest in expanding its presence within the Indian healthcare industry.
Healthium Medtech, known for its broad range of products used in surgical, post-surgical, and chronic care procedures, holds a strong position in the market with a widespread distribution network in India and beyond. Expressing confidence in this acquisition, KKR's head of India private equity, Akshay Tanna, highlighted the company's established reputation for quality products and its global reach, positioning it as a key player in the medical devices sector. This strategic move by KKR aligns with its proactive approach to drive Healthium's growth trajectory through a combination of organic expansion and strategic mergers or acquisitions in the near future.