KIMS Hospitals to Acquire Stake in Splendid Hospitals for ₹40 Cr

Krishna Institute of Medical Sciences Limited (KIMS) announced its Board of Directors has approved a proposal to acquire an equity stake in Splendid Hospitals Private Limited (Kompally) through a primary infusion of up to ₹40.00 Crore. Splendid Hospitals, incorporated in 2022, is an O&M entity in the healthcare industry with a capacity for over 225 beds. For FY 2025-26, Splendid reported a turnover of ₹1.39 Crore and a PAT of -₹8.92 Crore. The acquisition is considered a strategic investment by KIMS, which is already the O&M partner. The transaction is expected to be completed by March 31, 2027, and will be settled in cash. The acquisition involves up to 22% equity shares and is based on a valuation report from BDO Valuation Advisory LLP.