Park Medi World Limited to acquire The Medicity Hospital, Rudrapur, Uttarakhand
Park Medi World Limited (NSE: PARKHOSPS, BSE: 544645), North India’s 2nd largest chain of hospitals, is pleased to announce the execution of...
Park Medi World Limited (NSE: PARKHOSPS, BSE: 544645), North India’s 2nd largest chain of hospitals, is pleased to announce the execution of a definitive agreement to acquire 100% of the outstanding shareholding of The Medicity Hospital, Rudrapur, in an all-cash transaction valued at ~₹177 Crore. This acquisition marks Park Group’s entry into Uttarakhand, expanding its presence into a sixth state. It underscores the Group’s continued commitment to disciplined and value-accretive inorganic growth.
The Medicity Hospital, Rudrapur, is a well-established multi-super speciality healthcare institution with a total capacity of 330 beds. As the largest hospital in the Kumaon region, the facility spanning over ~7,000 square meters of land with approximately 1.64 lakh square feet of covered area. Notably, the hospital is among the select NABH-accredited institutions in the region, reflecting commitment to the highest standards of clinical governance, patient safety, and operational quality. The hospital is equipped with advanced multi-disciplinary capabilities and modern medical infrastructure, staffed by a distinguished clinical team comprising specialists drawn from premier institutions of national repute. The facility operates with a strong patient-centric ethos, underpinned by a commitment to delivering superior clinical outcomes and enhancing the quality of care across the communities it serves.
This acquisition is consistent with the Company’s growth strategy, which seeks to maximise operational synergies and achieve economies of scale through strategic deployment of assets in high-potential, underserved markets. The addition of ‘The Medicity Hospital’ meaningfully strengthens Park Group’s presence across key geographical areas in North India, advancing its long-term objective of building a dominant and integrated healthcare network in the region.