Haryana’s Largest Hospital Chain Company Launches New Unit; Share Price Jumps Over 3%

On Friday, Indian markets traded on a positive note, with the Nifty 50 rising 0.97 per cent to 24,006.85 as of 10:40 AM, up 231.75 points from the previous close. However, the Nifty Healthcare index declined 0.31 per cent to 14,135.00 from its previous close of 14,078. Amid this, Park Medi World's share price was trading at Rs 212.37, up 3.68 per cent from the previous close of Rs 204, following the launch of a new hospital facility.

Park Hospitals Launches New Facility in Panchkula

Park Medi World informed exchanges that it has launched an advanced multi-super-speciality hospital in Panchkula, strengthening its presence in the Tricity region.

The hospital has been developed to cater to the growing demand for tertiary and quaternary care across Haryana, Punjab, Himachal Pradesh, and Chandigarh. Tertiary care refers to specialised medical treatment such as advanced surgeries and expert consultations, while quaternary care involves highly complex and cutting-edge procedures like organ transplants and robotic-assisted treatments. The facility is expected to reduce dependence on metro cities such as Delhi by providing advanced healthcare services closer to patients.

The Panchkula unit is equipped with advanced diagnostics, modular operating theatres, and critical care infrastructure. It will offer services across key specialities, including oncology, neurosciences, orthopaedics, cardiology, and critical care, as well as robotic-assisted procedures. A significant portion of the capacity is dedicated to high-acuity care.

Park Medi World Expansion to Strengthen Regional Presence

Alongside the Panchkula launch, the company is progressing with the expansion of its Mohali facility. Following these developments, the group’s total capacity in the Tricity region is expected to reach around 850 beds, supporting its strategy to build a strong integrated healthcare network.

Management stated that the expansion is aimed at enhancing access to high-quality healthcare while maintaining cost efficiency through optimised infrastructure and capital deployment.

Park Medi World Management Commentary

Commenting on the development, Dr Ankit Gupta, Managing Director, Park Group of Hospitals, said, "The launch of our Panchkula facility and upcoming expansion in Mohali mark a significant step in building a scaled, integrated healthcare ecosystem across North India. With a combined capacity of approximately 850 beds in the Tricity region, we are strengthening our ability to deliver advanced, high-acuity care closer to patients. Our focus is on building centres of excellence across key specialities while leveraging technology and operational efficiencies to deliver high-quality care at scale."

Dr Sanjay Sharma, CEO & Whole Time Director, Park Hospitals, added, "The Panchkula hospital has been designed to deliver seamless, patient-centric care supported by strong clinical governance and modern infrastructure. By combining full-time clinical expertise with advanced technology and structured patient engagement, we aim to enhance treatment outcomes and overall patient experience across the region."

About Park Medi World

Park Medi World Limited operates Park Group of Hospitals, one of North India’s leading hospital chains. The group currently operates 16 hospitals with a combined capacity of around 3,960 beds and is in the process of adding additional capacity through new projects and expansions.

It has a strong presence across multiple cities, including Delhi, Gurgaon, Faridabad, Mohali, Jaipur, and Panchkula, offering a wide range of super-speciality services such as cardiology, neurology, oncology, orthopaedics, and critical care. The group focuses on delivering accessible, technology-driven healthcare through modern infrastructure and multidisciplinary clinical teams.

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Disclaimer: The article is for informational purposes only and not investment advice.