KIMS to acquire 51% in Insignia Healthcare at Rs 30.35 per share
KIMS · price
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KIMS board approved buying up to 51% equity stake in Insignia Healthcare, which operates a 150-bed hospital in Guntur, AP, expandable to 200 beds. Deal at Rs 30.35 per share in cash, structured as a creeping acquisition over 12 to 24 months. Target FY25 turnover about Rs 104.5 Cr with a loss of Rs 13.28 Cr and networth of Rs 243.3 Cr. KIMS is already the O and M partner. Not a related party transaction.
Expands KIMS hospital network in AP by absorbing its existing O and M partner. Target is loss-making. Creeping structure avoids immediate open offer.