KKR to invest $200M in Radiant Life Care, acquire 49% stake
Radiant Life Care and KKR announced the signing of a definitive agreement under which KKR will invest approximately $200M to acquire a 49% stake in Radiant. Working together, KKR, Radiant's management team and the company's promoter, Abhay Soi, chairman and managing director of Radiant, will expand the company's footprint across India to make high-quality health care services more accessible to customers across the country and from overseas. Radiant develops and operates high-end, state-of-the-art quaternary care facilities in India. The company refurbishes hospitals and enhances their operations through initiatives such as the introduction of high-end specialty services, recruitment of experienced medical professionals, reengineering processes, capacity expansion and by modernizing facilities for improved care giving and patient experiences. KKR's investment in Radiant continues the firms' partnership, as KKR has previously extended financing to Radiant to support the company's growth. KKR makes the proposed investment from its KKR Asian Fund III.