Krishna Institute of Medical Sciences (KIMS) has entered into a 60-year lease agreement with the Andhra Pradesh Capital Region Development Authority (APCRDA) to develop a 500-bed multi-speciality hospital in Amaravati, Andhra Pradesh. The hospital will occupy 2 acres of land and provide comprehensive tertiary and quaternary care services, including cardiology, oncology, and organ transplants. This development is expected to meet the long-standing healthcare needs of Amaravati and surrounding districts, allowing patients to access advanced medical care locally rather than traveling to larger cities. KIMS, headquartered in Hyderabad, is a leading healthcare provider in Telangana and Andhra Pradesh, focusing on affordable multi-disciplinary healthcare. In its recent financial report, KIMS noted a 39.8% decline in net profit to ₹53.40 crore despite a 29.2% increase in revenue to ₹997.70 crore for Q3 FY26 compared to Q3 FY25.