Krishna Institute of Medical Sciences (KIMS) Hospitals has executed definitive agreement to acquire a majority stake (51.07%), (as a combination of 18.52% stake through equity shares and the remainder through partly paid-up equity shares, which shall be fully paid up by April 2022 based on an agreed schedule) in Sarvejana Healthcare (herein referred to as ‘Sunshine Hospitals’), which own and operates hospitals in and around Hyderabad, Telangana under the brand 'Sunshine Hospitals’, at an enterprise value of Rs 730 crore.
The acquisition deal is expected to be Earnings Per Share (EPS) accretive and provides an enhanced platform for KIMS to further strengthen its presence in the key home market of Hyderabad and Secunderabad.
Krishna Institute of Medical Sciences offers a comprehensive range of healthcare services including oncology, cardiac sciences, neurosciences, gastric sciences, orthopaedics, renal sciences, organ transplantation, and mother & child care.
