Kerala emerges healthcare investment hotspot

Private equity investors have taken a liking for Kerala’s healthcare sector, pumping in more than $700 million in just over two years to acquire hospitals, clinics and medical devices makers that experts say will act as anchor assets for their broader South India expansion.

The state has recorded at least ten private equity-led deals in the sector since October 2023, with the list of investors comprising marquee names KKR and Blackstone, and local funds such as ICICI Venture and CX Partners. Kerala had seen negligible PE participation in the sector in…