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KKR Acquires Healthium Medtech Ltd

Global investment firm KKR made headlines on Monday with its announcement of the acquisition of medical devices company Healthium Medtech Ltd, previously known as Sutures India, from an affiliate of funds advised by private equity advisory firm Apax Partners.

The acquisition is set to be made by a special-purpose vehicle owned by KKR-managed funds, Asian Fund IV. This vehicle will acquire a controlling interest in the Healthium group, including Healthium itself.

Reports suggest that the total value of the transaction could be around ₹7,000 crore, with a global news agency citing the deal value at $838.60 million (₹7,000 crore).

Healthium faced competition from a consortium of Mankind Pharma and ChrysCapital, who were also vying for the controlling stake in the company. The Apax Funds had acquired Healthium in 2018, holding a 99% stake, while the remaining 1% was owned by Anish Bafna, Healthium’s Chief Executive Officer and Managing Director.

Healthium’s products are used in surgical, post-surgical, and chronic care across 90 countries.

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