Mumbai: Hiranandani Group’s deal with KIMS for the Thane hospital was concluded last month. KIMS, which is a listed company, is expected to inform the stock exchange soon. A source, who is aware of the details of the deal, said the Thane hospital would be the second acquisition for the Hyderabad-based KIMS Hospitals. In 2022, the chain bought a 51 per cent stake in Kingsway Hospital, Nagpur, in an Rs 80-crore deal.
Due to high cost of real estate, most healthcare chains have been slow to enter the Mumbai market all these years. “The entry to Mumbai is usually ‘inorganic’ in that most chains prefer to buy an existing hospital,” said hospital management consultant Dr Vivek Desai.
For instance, the Manipal group is reportedly in talks about acquiring an under-construction, 1,000-bed hospital in Borivli. Jupiter Hospital from Thane will manage the Lodha Group’s 500-bed hospital near Palava.
For all the latest Health News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
