KIMSHEALTH gearing up for an IPO, to give exit to PE investor True North

The hospital chain is planning to add 1,000 beds in India and GCC countries in the next three years

KIMSHEALTH, one of the leading multi-specialty hospital networks, is looking at an IPO to fund its capex and to give exit to private equity investor True North.

Dr M I Sahadulla, Chairman and Managing Director, KIMSHEALTH, the Kerala-based healthcare chain, said that the hospital chain is planning to add 1,000 beds in India and Gulf Cooperation Council (GCC) countries in the next three years, through organic and inorganic growth. The company is planning to invest around Rs 500 crore.

To support the investment plans and to give exit to True North the company is getting ready for an IPO. Size of the