After being acquired by Hyderabad’s Quality Care India Ltd (QCIL) for a substantial USD 400 million, Thiruvananthapuram-based KimsHealth is gearing up for a 2024 public listing. QCIL, known for its extensive Care Hospitals network across seven Indian states (excluding Kerala), itself obtained a 72.5% stake through acquisition by US private equity firm Blackstone. The deal valued KimsHealth at approximately Rs 3,300 crore, with QCIL securing an 80% stake. While KimsHealth’s founder retains a 20% stake and leadership role, the acquisition reshapes the advisory board and introduces changes in management control, promising benefits for both stakeholders and the organization’s strategic direction.
KimsHealth Plans 2024 Public Listing Post Quality Care India Ltd Acquisition
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