Krishna Institute of Medical Sciences (KIMS) will enter into an agreement towards taking land on a 99-year lease and purchase of a building for setting up a new hospital in Thane, Maharashtra.

The multi-specialty hospital with a bed capacity of 300 beds, will have tertiary and quaternary care facilities, covering a total built-up area of 2.72 lakh sq. ft. The investment in the project is expected to be around Rs 500 crore.

This will be the first hospital of KIMS in the Mumbai-Thane region and the third in Maharashtra, after Nagpur and Nashik. The Nashik unit will open in Q1/FY25.

KIMS Hospitals provides multi-disciplinary integrated healthcare services, and boasts 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).