Krishna Institute of Medical Sciences Limited — Updates, 17-02-2025: Press Release

KIMS Hospitals has entered into a strategic partnership with Ushahkal Abhinav Institute of Medical Sciences (UAIMS Hospital) in Sangli, Maharashtra, enhancing its footprint in the state to four hospitals. This partnership allows KIMS to manage UAIMS Hospital's operations and potentially acquire a majority stake in the future. UAIMS Hospital, established in 2022, is equipped with 356 beds and has the potential to expand beyond 500 beds, featuring advanced medical infrastructure and a focus on critical care.

This move aligns with KIMS's growth strategy in Maharashtra, following its previous acquisitions in Nagpur and Nashik, and a new multi-specialty hospital planned in Thane. The partnership not only solidifies KIMS's presence in Maharashtra but also emphasizes its commitment to providing affordable and accessible healthcare services. Looking ahead, the launch of a day care oncology center is expected to further enhance service offerings. Investors should consider this partnership a positive indication of KIMS's growth trajectory in a key market.