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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Global investors are betting on Kerala’s healthcare boom. But it remains to be seen whether private capital can coexist with the state’s public ethos.
India’s $80 billion hospital industry has become a battleground for global capital. The likes of KKR, Blackstone, Temasek and General Atlantic today own a significant chunk of private healthcare capacity in the country.
Interestingly, these global investment giants were absent from Kerala, the Indian state with the highest—and fastest-growing—healthcare expenditure and medical standards that rival developed countries.
That’s changing, and how.
Between 2024 and 2025, at least eight Kerala hospitals or chains were acquired by, or received funding from, private equity giants KKR and Blackstone. Just last month, KKR, known for its blockbuster 5x exit from Max Healthcare, made another …
