Krishna Institute of Medical Sciences Ltd (KIMS), a multi-specialty healthcare provider, has agreed to acquire stakes in two hospitals in Andhra Pradesh and Maharashtra for an aggregate consideration of up to ₹94.5 crore, strengthening its hospital network and operations.
The company has acquired a 51% stake in Sarvottam Health Care Pvt Ltd, which operates Trust Multi Speciality Hospital in Kakinada, for up to ₹79.50 crore. It also acquired a 5.82% stake in Ushahkal Abhinav Specialty Hospital LLP (UAIMS) in Sangli for up to ₹15 crore.
Kakinada hospital deal
KIMS has entered into definitive agreements for the acquisition of 21,72,713 equity shares of ₹10 each in Sarvottam Health Care, representing 51% of its share capital. The company has remitted the consideration, while the transfer of shares is expected to be completed in due course.
Sarvottam commenced operations in 2010 with a 50-bed facility under the Trust Multi Speciality Hospital brand. It currently has a capacity of 183 beds.
Trust Hospital expands infrastructure
In 2021, the hospital inaugurated a new building with a built-up area of 9,847 sq m on company-owned land measuring 3,001 sq yards.
KIMS, which provides operations and management services to the hospital, has exercised its call option under the agreement to acquire the 51% stake as a strategic investment. Sarvottam reported a turnover of ₹85 crore in FY26.
Sangli hospital stake acquisition
Separately, KIMS has approved the acquisition of a 5.82% stake in Ushahkal Abhinav Specialty Hospital LLP for up to ₹15 crore. The company has entered into definitive agreements and remitted the consideration towards the proposed acquisition.
Founded in 2022, UAIMS is a quaternary care hospital in Sangli with a current capacity of 316 beds and potential to expand to more than 500 beds. Spread across four acres, the facility has one of the highest floor-area-to-bed ratios in the region.
UAIMS reported a turnover of ₹80 crore in FY26. KIMS said the transaction does not constitute a related-party transaction.