KIMS Hospitals, Hyderabad expands into Kerala

Krishna Institute of Medical Sciences (KIMS), a leading healthcare chain, has announced its strategic expansion into Kerala through its wholly-owned subsidiary, KIMS Swastha Private Limited. The company has entered into a long-term lease and operations and management agreement with Sree Chand Specialty Hospital, situated in Kannur.

Established in 2020, Sree Chand Specialty Hospital currently operates with 189 beds, six operating theatres, and one cath lab. Under the new agreement, the hospital will be rebranded as KIMS Sreechand Specialty Hospital and undergo a major transformation. The facility will be expanded to a 350-bed quaternary care unit, offering state-of-the-art facilities across all departments with a particular emphasis on advanced Transplants, Robotic Surgeries, and Comprehensive Cancer Care.

In line with this expansion, KIMS has appointed Mr. Arjun Vijayakumar, (formerly Head of Finance Functions at Aster Hospitals in Kerala), as the Regional Finance Head for Kerala Operations. The group will also see the induction of esteemed clinicians and management personnel to enhance its team and services in Kerala.

Dr. Abhinay Bollineni, Director and CEO of KIMS Hospitals, expressed his enthusiasm about the development: "We are thrilled to introduce KIMS Hospitals' high standard of care to Kerala. This enhancement at the Sree Chand facility marks the beginning of our broader expansion plans across the state, following the preferred Asset Light model."

Mr. Anup Kallalathil, Director of Sree Chand Hospital, also conveyed his satisfaction, stating: "We are delighted to partner with a renowned group like KIMS. This collaboration will undoubtedly elevate the quality of care and services provided to patients."

The rebranded KIMS Sreechand Specialty Hospital is poised to set new benchmarks in healthcare excellence in Kerala, reflecting KIMS's commitment to delivering top-tier medical services and expanding its footprint in the region.

Shares of Krishna Institute of Medical Sciences Limited was last trading in BSE at Rs. 2655.95 as compared to the previous close of Rs. 2679.05. The total number of shares traded during the day was 3388 in over 983 trades.

The stock hit an intraday high of Rs. 2683.55 and intraday low of 2610.80. The net turnover during the day was Rs. 8961788.00.

Source : Equity Bulls

Keywords

KrishnaInstituteofMedicalSciences KIMS HealthcareChain StrategicExpansion Kerala KIMSSwastha SreeChandSpecialtyHospital Kannur