Acquisition: LycaHealth
LycaHealth, part of the multi-national Lyca Group, has acquired a majority stake in KIMS Hospital in Kent. KIMS Hospital, the largest independent hospital in Kent, which also operates a medical centre in Sevenoaks and orthopaedic clinics in Whitstable, Faversham and Ashford.
LycaHealth was founded in 2015 by Prema Subaskaran. As Chairperson, Prema oversees the operational and strategic development of the business, including expansion into new markets.
LycaHealth already has state-of-the-art health clinics in Canary Wharf and Orpington. This investment is a 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 is seven years after KIMS Hospital opened its doors to patients in Maidstone. It 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.
Crowe's role and team
Crowe provided corporate finance and tax services to LycaHealth. The Corporate Finance team was led by Geert Struyven, with Simon Crookston leading on tax.
Client quote
“This is an excellent investment for LycaHealth as it takes on the UK healthcare market. The Corporate Finance team at Crowe provided great expertise and efficiency throughout the transaction. They were a pleasure to work with and we appreciated their professional and proactive approach. This marks an important and exciting chapter for LycaHealth. We look forward to working closely with Crowe in the future.”
Richard Schäfer, CFO, Lyca Group
