ET Intelligence Group: Hyderabad-based Krishna Institute of Medical Sciences (KIMS Hospitals) is the largest corporate healthcare group in Andhra Pradesh and Telangana with nine multi-speciality hospitals having 3,064 beds. The company’s ₹2,144-crore initial public offering (IPO) this week will provide a partial exit to private equity investor General Atlantic Singapore, reducing its share from 40.9% to 20% post issue. As much as 75% of the proceeds from the issue will be used for debt repayment.Business and FinancialsKIMS Hospitals is one of the well-run low cost, high volume hospital chains with lower operating and capital costs.
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