Haryana’s Largest Hospital Chain Announces Rs 177 Crore Hospital Acquisition; Share Price Jumps Nearly 8%
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Park Medi World approved the acquisition of Uttarakhand-based The Medicity Hospital through purchase of V3 Healthcare Private Limited, strengthening its expansion strategy in multi-speciality healthcare services.
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On Monday, the Indian equity benchmarks traded higher during the morning session, with the benchmark Nifty 50 index rising 1.29 per cent to 24,025.55. Healthcare and hospital stocks remained in focus following acquisition announcements and expansion plans. In this segment, shares of Park Medi World surged 7.92 per cent to Rs 279.75 after the company announced acquisition of The Medicity Hospital in Rudrapur, Uttarakhand.
Park Medi World Acquisition Details
Park Medi informed exchanges that its Board of Directors, at a meeting held on May 25, 2026, approved the acquisition of V3 Healthcare Private Limited, which operates “The Medicity Hospital” in Rudrapur, Uttarakhand.
The acquisition will be executed in two phases, with 80 per cent stake expected to be acquired by August 31, 2026, while the remaining 20 per cent stake is proposed to be acquired after March 31, 2030.
The total acquisition consideration stands at approximately Rs 177 crore and will be paid in cash through acquisition of existing shareholding. The company clarified that the transaction does not fall under related party transactions.
About The Medicity Hospital
The Medicity Hospital is a multi-super speciality hospital located in Rudrapur, Uttarakhand, with a total capacity of 330 beds. The company stated that it is the largest hospital in the Kumaon region and among the select NABH-accredited hospitals in the area.
The hospital offers more than 20 medical specialities including Cardiac Sciences, Neurosurgery, Orthopedics, Oncology, Obstetrics & Gynaecology, IVF & Infertility, Nephrology, Gastroenterology, ENT, Urology, Paediatrics and Interventional Radiology.
The hospital reported an unaudited turnover of Rs 55.74 crore during FY26, compared to Rs 49.04 crore in FY25 and Rs 42.46 crore in FY24.
Strategic Expansion Plan
Park Medi World stated that the acquisition aligns with its long-term growth strategy aimed at achieving operational synergies and expanding healthcare infrastructure in high-potential and underserved markets.
The company expects the acquisition to strengthen its healthcare presence in North India and improve scale across multi-speciality healthcare services.
About Park Medi
Park Medi World Ltd operates in the healthcare and hospital segment and provides multi-speciality medical services through its hospital network. The company focuses on expanding healthcare accessibility through acquisitions, infrastructure development and integrated healthcare solutions.
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Disclaimer: This article is for informational purposes only and not investment advice.