Private Equity investor KKR had also previously lent Rs 450 crore to the healthcare based company Radiant and now in process to endow more funds via KKR Asian Fund III, investor firm released the statement.
Abhay Soi, Chairman of Radiant Lifecare, KKR has more than two decades of experience in investing and working alongside healthcare companies. With the expertise, we look forward to expanding our business.
This is an exciting time for healthcare in India, given the growing demand for superior medical treatment. In this industry, scale and operating leverage are increasingly important, and Radiant has a unique opportunity to acquire assets during a time of industry consolidation. KKR is focused on providing long term capital solutions to experienced healthcare partners like the radiant team to continue their work to deliver high-quality care and services, said Sanjay Nayyar, CEO of KKR India in his statement.