News

Ascent Capital, OrbiMed invest Rs.170-Cr in KIMS - 21-Jul-2012
PE investors Ascent Capital and OrbiMed have picked up a minority stake in Thiruvananthapuram-based Kerala Institute of Medical Sciences (KIMS) for close to Rs. 170 crore, reports Economic Times. The funds raised through the fresh issue of shares will be used for expanding operations. The 750-bed multi-disciplinary hospital is led by Dr. MI Sahadulla. Launched in 2002, the hospital also has a presence in some Gulf countries including Oman, Bahrain, Qatar and Saudi Arabia.