KIMS enters into agreement to manage Splendid Hospitals, Hyderabad

Krishna Institute of Medical Sciences Ltd enters into agreement with Splendid Hospitals

Krishna Institute of Medical Sciences Limited (KIMS), has entered into an Operations and Management Agreement with Splendid Hospitals Private Limited, Hyderabad, Telangana for an initial term of 7 years with an extension for a further period of 3 years on an exclusive basis, to run, manage, operate, direct and control the Hospital and provide the Medical Services at the Hospital in accordance with the terms and conditions under of this Agreement.

Splendid is in the process of constructing a 150-bed hospital, under the name "Splendid Hospital," with a total floor area of 1,60,000 sq. ft.. The hospital has the potential due to the location and demand for hospital services and has the capacity to expand to over 200+ beds and will be equipped with the latest medical infrastructure, medical and diagnostic equipment, and multiple operation theatres.

The hospital is expected to commence operations in June 2025.