Radiant Life Care and global investment firm KKR have signed a definitive agreement under which KKR will invest approximately US$200 million 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.

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.

Radiant’s facilities include BLK Super Speciality Hospital in New Delhi and the Nanavati Super Speciality Hospital in Mumbai, both of which have been rebuilt and re-launched since being acquired by the company. Radiant is one of the few established companies managing hospitals in the leading metros of Mumbai and Delhi that offer high-end quaternary care, including vital organ transplants. Its hospitals offer some of the largest bone marrow transplant units in the world.

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.