KIMS Hospital CEO, Simon James, and LycaHealth Chair, Prema Subaskaran are pictured shaking hands to celebrate the investment.
KIMS Hospital, the largest independent hospital in Kent, has today, Thursday 14th October, 2021 announced that LycaHealth, has invested in KIMS Hospital, becoming the majority shareholder.
For LycaHealth, which already has state-of-the-art health clinics in Canary Wharf and Orpington, this investment is testament to the company’s commitment to increasing its healthcare portfolio in the UK and supporting the growing demand for fast access to diagnostics and treatment.
The investment from LycaHealth comes seven years after KIMS Hospital opened its doors to patients in Maidstone and follows the acquisition of Sevenoaks Medical Centre by KIMS Hospital in 2020. KIMS Hospital’s focus remains to provide safe, outstanding quality care for people across Kent.
With LycaHealth’s investment and access to its health clinics, it is now possible to increase patient choice and offer faster access to diagnostics and medical experts close to where people live and work. This then gives them a direct patient pathway into KIMS Hospital if further treatment is required.
LycaHealth was founded in 2015 by Prema Subaskaran, who as Chairperson, oversees the operational and strategic development of the business, including expansion into new markets. A prominent entrepreneur and philanthropist, she said of LycaHealth’s investment, “At LycaHealth, we strongly believe that if we’re to give people access to truly high quality and rapid medical care in the UK, then the private sector should work hand-in-hand with the NHS. Our investment in KIMS hospital is a step towards us achieving our long-term goal to provide a complete pathway from diagnosis through to treatment and aftercare for those patients that require it. Working with the KIMS team, we’ll be able to improve access to tech and strengthen the facilities on offer that ultimately improve each patient’s individual route to care, providing the best affordable healthcare for the local community.”
Commenting on the investment, Simon James said, “I’m delighted that LycaHealth is investing in KIMS Hospital and our Medical Centre in Sevenoaks. LycaHealth’s investment comes at a time when demand for healthcare, both NHS and private, continues to grow*. With the support and backing of LycaHealth, we have an excellent opportunity to build on our success to date. As the largest independent hospital in Kent, we play a critical role supporting the local community, both as a provider of outstanding healthcare and as a local employer, with over 400 employees. In partnership with LycaHealth, we have a fantastic opportunity to expand our healthcare provision across Kent, meeting the needs of local people.”
LycaHealth, is part of Lyca Group, which has a track record of devising innovative solutions across a wide portfolio of sectors covering Telecommunications, Entertainment, Travel and Tourism, Healthcare, Media, Technology, Financial Services, Marketing and Hospitality.