Krishna Institute’s arm inks pact with Valiyath Institute of Medical Sciences

28 Jan 2025 Evaluate

Krishna Institute of Medical Sciences’ wholly owned subsidiary -- KIMS Swastha (KIMS) has entered into lease and license agreement with Valiyath Institute of Medical Sciences, for lease of land and hospital building, including operations and management.

Under the agreement, KIMS will take on lease and operate and manage a 375-beded facility located in Kollam, Kerala for a period of 20 years commencing from February 1, 2025, to January 31, 2045. The Super Specialty Hospital will be under the supervision and control of KIMS which shall be solely responsible for the proper and efficient management.

As per the lease and license agreement, KIMS shall pay a monthly rental of Rs 31 lakh as a fixed payout (which will increase to Rs 35 lakh in the third year and by 15% every three years thereafter) for the lease and operation of the hospital. Additionally, KIMS will share a variable payout of 4% of the net revenue less the fixed payout in accordance with the terms and conditions specified in the agreement.

Krishna Institute of Medical Sciences is one of the largest corporate healthcare groups in AP and Telangana in terms of number of patients treated and treatments offered.

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