LeapFrog plans up to $100mn in India healthcare investments over two years

Global private equity firm LeapFrog Investments plans to invest $80 million to $100 million in India’s healthcare sector over the next two years, a top executive told Reuters, as it seeks to benefit from the rising demand for medical services. Expanding insurance coverage and greater use of diagnostics and preventive care in a country with high rates of chronic disease have boosted healthcare spending. India’s healthcare sector was valued at about $180 billion in 2023 and is expected to grow to $320 billion by 2028, government data showed. The healthcare and pharmaceutical sector recorded 594 M&A and private equity deals worth over $30 billion between 2022 and 2024, according to data from advisory firm Grant Thornton Bharat and the Association of Healthcare Providers India. KKR’s deal to acquire Medicover Hospital’s India business for 1.2 billion euros ($1.4 billion) is among the latest deals. Medicover India hospitals to be profitable in 18 months, eyes 20-25% margins London-based LeapFrog is evaluating an investment in an asset-light, single-specialty healthcare provider, Biju Mohandas, the firm’s global head and partner for healthcare, told Reuters earlier this month, declining