KIMS Hospitals Acquires 51% Stake in Sarvottam Healthcare for ₹79.5 Cr

Krishna Institute of Medical Sciences Ltd (KIMS) has entered into definitive agreements to acquire a 51% equity stake in Sarvottam Healthcare Private Limited for an aggregate consideration of up to ₹79.50 Crore (Rupees Seventy Nine Crore Fifty Lakhs only). Sarvottam Healthcare, operating as Trust Multi Speciality Hospital in Kakinada, has a current capacity of 183 beds and was incorporated in 2011. The acquisition is considered a strategic investment for KIMS, which has been providing O&M services to the target entity. The transaction does not fall under related party transactions, and no specific regulatory approvals are required. The acquisition is expected to be completed in due course.