KIMS acquires 100 per cent stake in 200-bed 'Queen's NRI Hospital' in Andhra Pradesh
Hyderabad: KIMS (Krishna Institute of Medical Sciences Limited) announced on Tuesday that it has acquired a 100 per cent stake in the 200-bed multi-speciality 'Queen's NRI (QNRI) Hospital' located in Vizag, Andhra Pradesh.
According to a UN I report, KIMS entered into Share Purchase Agreement with the erstwhile promoters and shareholders of Chalasani Hospitals Private Limited, owners of QNRI, to purchase 100% holding in the company, the hospital said in a release here.
KIMS already has a multi-specialty hospital and gastro unit at Vizag and this addition will help it garner a larger share in the market.
Besides, the hospital is situated in a prime locality which makes it an attractive proposition.
KIMS Hospitals Chairman and Managing Director Dr B Bhaskara Rao said, “This is our 2nd Hospital in Visakhapatnam (KIMS-ICON Hospitals was acquired in 2018). It underscores the tremendous opportunity we see in this city and we’ll continue to look for inorganic opportunities to build on our dominant position in Andhra Pradesh. With the addition of Queen's NRI Hospital, we now have over 630 beds in Vishakapatnam to provide world class healthcare facilities”, news agency UNI reported.
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.