PE funds to buy stakes in Kerala Institute of Medical Sciences - 25-Jan-2012
Private equity (PE) funds OrbiMed and Ascent Capital will pick up a minority stake in Kerala Institute of Medical Sciences, or KIMS, for close to Rs 170 crore. The Trivandrumbased 750-bed multi-disciplinary hospital is led by Dr MI Sahadulla and his team of highly qualified and experienced senior consultants. The funds raised through the fresh issue of shares will be used for expanding their operations.