KIMS signs O and M deal to manage 183 bed hospital in Kakinada

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

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-0.9%1-day move

₹774.00

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₹773.95

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AI summary

KIMS has entered into an Operations and Management Agreement with Sarvottam Health Care Private Limited (SHPL) in Kakinada, Andhra Pradesh. The deal runs for an initial 5 year term, extendable by another 5 years on an exclusive basis. SHPL operates a 183 bed hospital under the Trust Multi Speciality Hospital brand. KIMS will earn 9 percent of net revenue as management fee. The deal is domestic and not a related party transaction, aimed at strengthening KIMS presence in Andhra Pradesh.

Likely market impact

Expands KIMS hospital footprint in Andhra Pradesh without capital outlay; adds revenue share from 183 beds via 9 percent fee on net revenue.