KIMS Hospitals to enter into agreement for taking land on 99-year lease to set up new hospital at Thane

Krishna Institute of Medical Sciences Limited (KIMS) today announced that it will enter into definitive agreements for taking land on a 99-year lease and purchase of a building for the setting up of a new Hospital at Thane.

It would be a multi-specialty hospital with state-of-the-art tertiary and quaternary care facilities having a land area of approximately 2.59 Acres and a total built-up area of 2.72 Lakh sq. ft. The proposed hospital will have a bed capacity of 300 beds (approx.) and the investment in the project is expected to be around Rs. 500 Cr. This will be the first hospital of KIMS in the Mumbai-Thane region and the third in Maharashtra, following its presence in Nagpur and Nashik. The Nashik unit will be opening in Q1 FY25.

Dr. B. Bhaskara Rao, CMD, KIMS Hospitals said "This acquisition in Thane, Mumbai reinforces our vision to provide affordable quality care to all. The new project will add to the growing value chain of hospitals and holds good potential for the Company to reach out to more patients.

Shares of Krishna Institute of Medical Sciences Limited was last trading in BSE at Rs. 2160.85 as compared to the previous close of Rs. 2247.80. The total number of shares traded during the day was 5759 in over 1048 trades.

The stock hit an intraday high of Rs. 2222.00 and intraday low of 2140.00. The net turnover during the day was Rs. 12515759.00.

Source : Equity Bulls

Keywords

KrishnaInstituteofMedicalSciences KIMS Land Lease NewHospital Thane