Mumbai, Aug 24: Spark Capital is pleased to announce that Arete Hospitals has entered into definitive agreement for the sale of its hospital business to Aurevia. Aurevia has further entered into a long-term Operations & Management agreement with Krishna Institute of Medical Sciences Limited, under which KIMS will manage and operate the hospital. This partnership will further strengthen KIMS’s position in the Hyderabad / Gachibowli micro-market.
The acquisition marks a significant milestone in Arete’s journey and provides a solid springboard platform for accelerating its next phase of growth, through KIMS’s proven clinical excellence and strong operating model.
Founded with a vision to provide world-class tertiary and quaternary healthcare services, Arete has established itself as a well-renowned healthcare provider in Hyderabad with a strong reputation for clinical excellence, patient-centric care, and advanced medical infrastructure. Through this transaction, the hospital is expected to further strengthen its position within one of India’s fastest-growing healthcare markets.
With this transaction, Spark has successfully closed over 27 transactions in Healthcare and Lifesciences sector, aggregating USD 1.05 Bn, demonstrating its deep domain expertise in the sector.
Mr. Kishore Reddy, Director In-charge, KIMS remarked,
Mr. Kishore Reddy, Director In-charge, KIMS remarked,
“The partnership underscores KIMS’s continued leadership in broader Telangana & AP market, especially in Hyderabad, marking another milestone in our micro-market strategy. Arete brings a well-established brand, a strong clinical team, and solid medical infrastructure to the table. With the addition of KIMS’s operational expertise, clinical programs, and patient-first approach, Arete will successfully transition into a leader in the high-value Gachibowli micro-market.”
Dr. Vijender Reddy Teegala, Chairman, Arete remarked,
“This transaction represents an important milestone in the evolution of Arete Hospitals. Over the years, we have built a trusted institution focused on delivering high-quality clinical outcomes. We believe KIMS, with its proven operating capabilities, is best positioned to lead Arete into its next phase of growth. We would like to thank the Spark team for their unwavering support, strategic guidance, and hands-on involvement throughout the process. Their ability to navigate complex deal dynamics and align all stakeholders’ expectations was instrumental in achieving a successful outcome.”
Mr. Karthik Krishnan, Executive Director, Spark Capital remarked,
“We are pleased to have acted as a transaction banker on this landmark transaction. The deal delivers a strong strategic outcome for all stakeholders by combining Arete’s strong clinical and medical infrastructure and KIMS’ leadership position and operating scale. The transaction reflects the continuing evolution and consolidation of India’s healthcare sector, where regional healthcare plays are increasingly partnering with leading healthcare platforms to unlock their next phase of growth. We sincerely thank all the stakeholders on both sides for their trust and partnership throughout the process and wish them continued success.”