KIMS Hospitals has entered into definitive agreements to acquire a 51.07 per cent stake (as a combination of fully and partly paid-up equity shares) in Sunshine Hospitals.

The acquisition will help KIMS Hospitals to consolidate its position as a leading provider of tertiary care services in its key markets and add a world-renowned orthopaedic surgical team led by Dr. A. V. Gurava Reddy. It augments and complements KIMS Cardio, Neuro, Transplant and Renal sciences team. The combined entity will have 12 hospitals with 3666 beds and over 1,200 doctors and 12,000 employees.

Commenting on the acquisition, Dr Bhaskar Rao, MD, KIMS Hospitals said, “we are very pleased to have Sunshine Hospitals and its distinguished team of doctors, clinicians and staff on board. Sunshine Hospitals is a -natural fit and strategic to our vision of providing clinical excellence at an affordable cost. lt will also allow KIMS to consolidate its position in Hyderabad which is our core market."

Dr A.V. Gurava Reddy, MD, Sunshine Hospitals added "we are excited to join KIMS  Hospitals Group. we have a deep sense of admiration for KIMS, commitment to providing high-quality healthcare at affordable prices and believe this fits well with the mission of Sunshine Hospitals".

Sunshine Hospitals was started in May 2009 by Dr. A.V. Gurava Reddy, a globally reputed Joint Replacement Surgeon. Under his leadership, within a very short period, Sunshine Hospitals has become the second-largest Joint Replacement centre in South East Asia. Sunshine Hospitals is only the 2nd hospital in Asia, to have full membership of the prestigious society 'international society of orthopaedic centres (rsoc)'. Sunshine Hospitals currently operates at three locations in Telangana, out of which two are in Hyderabad (Secunderabad and Gachibowli), and the third is in Karimnagar, a fast upcoming Tier 3 town. With a total bed strength of over 600, it is the No. .1 player in the Joint replacement and spine department with over 4,000 knee transplants a year.