Business Standard

KKR emerges as main suitor to buy 47.5% stake in Max Healthcare

The Johannesburg-based Life Healthcare is amongst the second-largest hospital owner in South Africa

KKR, Max Healthcare
Premium

The revenue from operations declined to ~69.7 bn for the fourth quarter against ~71.3 bn during the same period last year

Surajeet Das Gupta New Delhi
The race to buy a 47.5 per cent stake of South Africa-based Life Healthcare in Max Healthcare narrows, with private equity (PE) fund KKR emerging key suitor, especially after US PE fund BainCapital decided not to pursue an offer from merchant bankers. 

Even Max India, the holding company of Analjit Singh and an equal partner in Max Healthcare, has not evinced any interest to buy out its partners. Those in the know cite the stiff price being asked for the deal as one of the reasons. 

The Max group has helped its foreign partners, which wanted to divest from other joint ventures

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in