General Atlantic acquires stake in KIMS Hospitals for $130 million

General Atlantic's entry has paved the way for exit of ICICI Ventures, which had invested Rs 2.2 billion in the company in 2014

Krishna Institute of Medical Sciences (KIMS Hospitals), a large healthcare group with a sizeable presence in Telangana and Andhra Pradesh, announced on Wednesday that it has received a strategic growth investment from General Atlantic.

As part of the transaction, the global growth equity firm has invested over $130 million in a combination of primary capital and secondary purchases, to acquire a significant minority stake in the company, its management said. While a major chunk of this money goes to ICICI Ventures as it has sold its entire 30 per cent stake to General Atlantic, the promoters have sold a small percentage