KIMS Hospitals, Hyderabad expands into Kerala
The company has entered into a long-term lease and operations and management agreement with Sree Chand Specialty Hospital, situated in Kannur
The company has entered into a long-term lease and operations and management agreement with Sree Chand Specialty Hospital, situated in Kannur
KIMS already have a multi-specialty hospital and gastro unit at Vizag
The proposed hospital will have a bed capacity of 300 beds and the investment in the project is expected to be around Rs. 500 crore
The existing hospital premises has the scope to further scale up the bed capacity as and when required in the future with minimal Capex.
The new hospital is expected to open by March'24
The combined entity will have 12 hospitals with 3,666 beds
This strategic partnership will also enable KIMS to exercise call option (not an obligation) to acquire majority stake in UAIMS Hospital in the coming years
The group plans to establish new hospitals in Kerala developing large health cities in Kochi and Kozhikode
KIMS Hospitals' brand, has an aggregate bed capacity of 3,064, including over 2,500 operational beds as of March 31, 2021
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