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 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.

The acquired facility will further strengthen the consolidated financial performance of Park Group, with value creation supported by a focused post-acquisition integration programme. Key levers include the enhancement of clinical service offerings, optimisation of operational workflows, and a structured drive to improve bed utilisation rates - all of which are anticipated to deliver meaningful improvements to revenue and profitability over the medium to long term. The transaction is structured to be earnings-accretive and aligns with the Company's broader objective of generating sustainable, long-term returns for the stakeholders.

Speaking about the acquisition, Dr. Ankit Gupta, Managing Director, Park Medi World Limited, said: "This acquisition marks a significant milestone in our strategic journey to build a world-class, panNorth India healthcare network. The Medicity Hospital, Rudrapur, is a high-quality, well-entrenched asset with a strong clinical reputation and an established patient base - precisely the profile we seek in our inorganic growth initiatives.

Its strategic location within the Kumaon region, combined with its NABH accreditation and advanced infrastructure, positions it as a cornerstone asset within our expanding cluster-based network. This transaction is a clear reflection of our unwavering commitment to disciplined capital allocation, valueaccretive growth, and our long-term vision of making high-quality, patient-centric healthcare accessible across every key area in the region. We look forward to welcoming The Medicity Hospital team into the Park Group family and are excited about the shared journey ahead."

Shares of Park Medi World Limited was last trading in BSE at Rs. 278.70 as compared to the previous close of Rs. 259.45. The total number of shares traded during the day was 216261 in over 4082 trades.

The stock hit an intraday high of Rs. 281.95 and intraday low of 263.00. The net turnover during the day was Rs. 59400812.00.

Source : Equity Bulls

Keywords

INE119201023 ParkMediWorld PARKHOSPS Hospital Acquisition TheMedicityHospital Rudrapur Uttarakhand