KIMS Hospitals has firmed up plans to expand into Odisha, Madhya Pradesh, Chhattisgarh and Maharashtra in the next couple of years.
The company has combined bed strength of 4,000 in 10 hospitals, as well as a medical college in Andhra Pradesh and Telangana, KIMS Hospitals will add two greenfield hospitals of 250 bed strength each in Hyderabad and Rajahmundry. This will take the total bed strength to 4,500 in the two states.
Simultaneously, efforts have been stepped up to expand footprint in Eastern and Central India first. In Odisha, the KIMS Hospitals has signed a memorandum of understanding (MoU) with the government to develop nearly five hospitals through joint venture, on a public-private-partnership (PPP) model.
As per the MoU, the KIMS Hospitals will bring in all the medical, technical and healthcare expertise and manage the hospitals, which will be built by the state government. The financial closure is expected by end of 2019 and work will begin in FY20.