Krishna Institute of Medical Sciences Limited has informed the Exchange about Arrangements for strategic, technical, manufacturing, or marketing tie up
KIMS · price
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KIMS Swastha Private Limited, a wholly-owned subsidiary of KIMS, has signed definitive agreements with Avitis Super Speciality Hospitals Private Limited in Palakkad, Kerala. The deal includes a 20-year Operations and Management Agreement and a Sub-Lease Deed for a 210-bedded super specialty hospital, effective April 2, 2026. KIMS will pay a security deposit of about ₹29.75 crore for O&M and ₹25 lakh refundable deposit for the sub-lease, plus a monthly revenue fee of the higher of ₹22 lakh or 4% of net revenues. The hospital will be under KIMS's exclusive operational control, and KIMS retains a call option to acquire a majority stake in Avitis at its discretion. This expands KIMS's footprint into a new city in Kerala.
Positive for shareholders — this expands KIMS's hospital network into Kerala without a full acquisition, keeping upfront capital outlay modest while securing operational control and an optional future acquisition route. The 20-year contract provides long-term revenue visibility, though the minimum guarantee of ₹22 lakh/month will need to be serviced.