KMCH acquired Sudha Hospital !
THE EXPANSION drive by healthcare majors has reached tier-II destinations of Tamil Nadu. Bigger hospitals, which are on an acquisition spree, are gobbling up small and midsized entities. The latest news on the acquisition front is from Erode, where Kovai Medical Center and Hospital (KMCH) has acquired Sudha Hospital. KMCH of Coimbatore has completed the acquisition of the five-year-old speciality hospital recently. “With the acquisition of the 100-bed hospital, our bed capacity in Erode has doubled,” said a senior KMCH official. Sudha Hospital, dealing in cardiac speciality, had a tie-up with Apollo Hospitals. Post-acquisition, it is called KMCH Speciality Hospital. It will focus on three specialities — pulmonology, cardio-thoracic nephrology and cardiology cases. Asked about the deal, the official did not divulge any financial details. He merely said: “They approached us. We found the fit to be perfect and given our image and financial strength, the buy-out was a logical extension.” Sudha Hospital, spread over 22,000 sq ft, was set up by Dr K Kandaswamy but could not sustain over a short period of operation.
KMCH is a Rs 70 crore, 350-bed super-speciality corporate hospital, located on the Coimbatore-Chennai highway. Equipped with modern equipment, it has over 30 medical departments and 11 operation theatres. Acknowledged as a leading tertiary hospital in the textile city, that is fast emerging as a tier-II healthcare hub, KMCH provides super-speciality procedures like coronary bypass surgeries, coronary angioplasty, stent implantation, laproscopic and vascular surgeries, hip and knee replacements, kidney transplants and complex neuro surgeries. It also has 50 beds in Perundurai, apart from 200 beds in Erode, following the acquisition. It has already started performing open heart surgeries and angios at the brown field unit. It has employed 100 people there.
