Hyderabad: Krishna Institute of Medical Sciences (KIMS) will set up a 325-bed multi-speciality hospital at Nashik in partnership with Dr. Raj Nagarkar.
KIMS has entered an MoU with Dr. Nagarkar for the hospital which will be known as KIMS Manavata Hospital. KIMS will hold 51 per cent stake and Nagarkar 49 per cent stake in the proposed company.
Dr. Nagarkar, a legendary oncological surgeon, with a vast experience of 21 years, has performed more than 45,000 cancer surgeries. He has received his surgical oncology training from the prestigious Tata Memorial Hospital, Mumbai followed by MRCS at the Royal College of Surgeons, Edinburgh.
He is heading HCG Manavata Cancer Centre, which is a 275-bed comprehensive cancer centre.
The new hospital is expected to go live tentatively by March 2024 and scale up to full capacity over a period of time. A definitive agreement towards the transaction will be signed in due course.
Dr. Bhaskara Rao, MD, KIMS Hospitals said they were honoured to join hands with Nagarkar, who is a legend in the surgical oncology stream.
“We are confident that with this association, we will be able to bring our affordable quality care model to Nashik. With Dr. Raj’s on-ground experience combined with our state-of-the-art medical infrastructure and our focus on affordable quality care, we will provide citizens of Nashik and surrounding places, with the best of healthcare,” he said.
“At Manavata, we have always strived to provide the best medical care to our patients. We are extremely delighted that our partnership with KIMS Hospitals will give us an added impetus to provide quality multi-specialty care at affordable prices. We will work together to make KIMS Manavata, the destination of choice for patients seeking help,” said Dr. Raj Nagarkar, MD, Manavata Healthcare.
KIMS is the largest corporate healthcare group in Andhra Pradesh and Telangana with a network of 12 hospitals and over 3,600 beds spread across Telangana (Secunderabad, Kondapur, Gachibowli, Paradise Circle, and Karimnagar) and Andhra Pradesh (Nellore, Rajahmundry, Srikakulam, Ongole, Vizag, Anantapur, and Kurnool).
(IANS)
