Mumbai, Feb. 20 -- The agreement is for an initial term of 7 years with an extension for a further period of 3 years on an exclusive basis.

According to the terms and conditions under of this agreement, KIMS would run, manage, operate, direct and control the hospital and provide the medical services at the hospital.

Splendid Hospitals is in the process of constructing a 150-bed hospital, under the name "Splendid Hospital," with a total floor area of 1,60,000 square feet. The hospital has the potential due to the location and demand for hospital services and has the capacity to expand to over 200 beds and will be equipped with the latest medical infrastructure, medical and diagnostic equipment, and multiple operation theatres.

The hospi...