Business EconomyPosted at: Jul 9 2024 8:44PM


KIMS acquires 200-bed ‘Queen's NRI Hospital’ in Andhra Pradesh

Hyderabad, July 9 (UNI) :Hyderabad-based KIMS (Krishna Institute of Medical Sciences Limited) on Tuesday said it has acquired 100 per cent stake in 200-bed multi-specialty ‘ Queen’s NRI (QNRI) Hospital’ in Vizag (Andhra Pradesh).
KIMS entered into Share Purchase Agreement with the erstwhile promoters and shareholders of Chalasani Hospitals Private Limited, owners of QNRI, to purchase 100% holding in the company, the hospital said in a release here.
KIMS already has a multi-specialty hospital and gastro unit at Vizag and this addition will help it garner a larger share in the market.
Besides, the hospital is situated in a prime locality which makes it an attractive proposition.
KIMS Hospitals Chairman and Managing Director Dr. B. Bhaskara Rao, said “This is our 2nd Hospital in Visakhapatnam (KIMS-ICON Hospitals was acquired in 2018). It
underscores the tremendous opportunity we see in this city and we’ll continue to look for inorganic opportunities to build on our dominant position in Andhra Pradesh. With the addition of Queen's NRI Hospital, we now have over 630 beds in Vishakapatnam to provide world class healthcare facilities.”
KIMS Hospitals, one of the largest corporate healthcare groups in the Country, has a network of 12 hospitals and 3,975 beds spread across Telangana (Secunderabad, Kondapur, Gachibowli and Begumpet), Andhra Pradesh (Nellore,
Rajahmundry, Srikakulam, Ongole, Vizag, Anantapur and Kurnool) and Maharashtra (Nagpur).
UNI KNR
Please log in to get detailed story.
Tags: #KIMS acquires 200-bed ‘Queen's NRI Hospital’ in Andhra Pradesh
More News
RBI gets lower than expected response at VRRR auctions

RBI gets lower than expected response at VRRR auctions

12 Jul 2025 | 1:06 PM

New Delhi, July 12 (UNI) Reserve Bank of India or RBI, the country’s premier central bank, conducted a seven-day auction of Variable Rate Reverse Repo or VRRR. This auction is aimed at absorbing the surplus liquidity from the whole banking system.

see more..

AI chef 'Aiman' will lead the charge at Dubai WOHOO restaurant

12 Jul 2025 | 12:10 PM

New Delhi, July 12 (UNI) In a bid to explore the next-gen realms of technology, Dubai’s upcoming restaurant “WOHOO” provides a combination of lip-smacking cuisines with a touch of technology. The theme of their launch is “ dining in the future” as the restaurant is exploring AI chefs in their business.

see more..
Selling SBI shares worth Rs 25000 cr part of privatisation: BEFI

Selling SBI shares worth Rs 25000 cr part of privatisation: BEFI

12 Jul 2025 | 8:58 AM

Thiruvananthapuram, July 12 (UNI) Bank Employees Federation of India has alleged that the Centre's move to sell shares of State Bank of India (SBI) worth Rs 25,000 crore SBI) is an open attempt to privatize the bank in a phased manner sacrificing national interests.

see more..

Mahindra Logistics to raise up to Rs 750 crore to repay debt

11 Jul 2025 | 10:50 PM

Mumbai, July 11 (UNI) Mahindra Logistics Ltd (MLL), India's leading integrated third-party logistics service provider, today informed the stock exchange in a filing that its board of directors has given its approval for raising Rs 750 crore through a rights issue.

see more..

GCCs in India driving revenue, not just cost savings

11 Jul 2025 | 10:12 PM

Bengaluru, July 11 (UNI) Global Capability Centres (GCCs) in India are undergoing a seismic shift from being cost-optimisation back offices to becoming strategic hubs for revenue generation and product innovation, said Anuj Agarwal, founder and CEO of Workplace Awards, as he unveiled what he termed the "GCC 4.0" transformation model.

see more..