Spice Route Legal is pleased to have advised Star Hospitals on the sale of a majority stake to KKR-backed Baby Memorial Hospital. This transaction represents a significant milestone in the ongoing consolidation of India’s healthcare delivery ecosystem, while materially strengthening Baby Memorial Hospital’s strategic footprint in southern India, making it the largest acquisition deal in India’s healthcare sector in 2026!

This transaction marks Spice Route Legal’s 20th deal in the healthcare and life sciences sector in the FY, underscoring the firm’s position as a market leader in this sector. Our Healthcare and Life Sciences practice – recognised as Tier 1 by The Legal 500 – continues to witness strong momentum, driven by sectoral consolidation, increased private equity investment, and a rapidly evolving regulatory landscape.

Here’s what the world’s leading directory of lawyers says about our Life Sciences and Healthcare practice “Spice Route Legal’s life sciences and health care team offers a wide scope of practice, providing regulatory expertise and advice on M&A transactions in the global and domestic sphere. With clients spanning the cosmetics, healthcare, and pharmaceutical sectors, the team is well-regarded as a go-to firm and is co-headed by Praveen Raju, who boasts extensive experience in corporate law and has recently advised on investment into a firm in the dental sector. Co-head Aadya Misra specialises in cybersecurity and is recognised for her work in assisting clients in data-heavy aspects of the life sciences and health care industries. Mathew Chacko advises on regulatory issues, with clients including health-tech and medical technology companies. Working alongside them, Dhruvo Das is noted for advisory work on market entry strategies and emerging technologies, such as integrating artificial intelligence into the sector. Finally, Ajeeth Srinivas brings expertise in dispute management in emerging technologies, allowing the team to offer an extensive range of support to clients in the sector.”

Commenting on the transaction, Praveen Raju, Partner, said: “This transaction reflects the accelerating consolidation within India’s healthcare sector, as platforms seek scale, clinical depth, and geographic expansion. We are delighted to have supported Star Hospitals on this strategic partnership, which positions the combined platform for sustained growth and enhanced patient care delivery. The deal also highlights the increasing role of institutional capital in shaping the future of healthcare infrastructure in India.”

The Spice Route Legal team advising on the transaction was led by Partner Praveen Raju, with key support from Senior Associate Felina Das and Associates Somya Sharma and Shantanu Upadhyay.

For further information on the transaction, please click here and here.

To know more about our Healthcare and Lifesciences practice, reach out to us at contact@spiceroutelegal.com.