Cloudnine Hospital building at dusk with street traffic
Global private equity powerhouses Warburg Pincus, KKR, and TPG are reportedly in advanced discussions to acquire a 25% stake in Cloudnine, India’s largest maternity and pediatric hospital chain. The potential deal is expected to value the company at approximately $1 billion.
Existing investor True North is anticipated to exit its stake completely as part of the transaction. Cloudnine, which reported revenues of ₹2,000 crore and an EBITDA of ₹300 crore in the fiscal year 2026, has seen significant interest from these major private equity players.
This move underscores the growing investor appetite for India’s healthcare sector, particularly in specialized segments like women’s and children’s healthcare, which are perceived to offer strong growth potential driven by demographic trends and increasing healthcare expenditure.
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