Umkal Health Care Pvt Ltd approves 100 Bed Expansion in Palam Vihar, Gurugram

Park Medi World Limited (NSE: PARKHOSPS; BSE: 544645): Umkal Health Care Private Limited, a wholly-owned subsidiary of the Company, has today approved a significant expansion of its existing 225-bed Park Hospital in Palam Vihar, Gurugram, with the addition of 100 new beds - a move that underscores the Park Group's continued commitment to strengthening healthcare infrastructure and deepening its footprint. The Palam Vihar facility is one of the flagship hospitals of the group; in FY'26, it had an occupancy of ~86%, delivered a revenue of ~INR 245 crs.

The newly expanded facility will be branded Park Hospital Platinum and is slated to commence operations in November 2026. Conceived as a distinctive addition to the healthcare landscape, the facility aims to set a new benchmark by seamlessly integrating elite healthcare facility with advanced clinical care, offering patients an unparalleled experience that combines comfort with comprehensive medical excellence.

With this expansion, Park Group's consolidated bed capacity across Gurugram will rise to 750 beds, further reinforcing its ability to address the region's growing demand for quality, accessible, and advanced healthcare services.

The expansion at Palam Vihar will be strategically oriented towards bolstering super-specialty capabilities, with focused investments directed at key high-acuity disciplines. This will enable the hospital to deliver comprehensive tertiary care across a broader spectrum of complex medical conditions, further elevating the standard of specialized healthcare delivery in the region.

Dr. Ankit Gupta, Managing Director, Park Medi World Limited, said: "It is my privilege to announce the expansion of Park Hospital, Palam Vihar, with 100 additional beds under the name Park Hospital Platinum, commencing November 2026. This boutique healthcare facility brings together advanced clinical excellence and a truly elevated patient experience. With this, our consolidated capacity across Gurugram rises to 750 beds, reinforcing our commitment to comprehensive super-specialty care. We thank our clinicians, staff, and patients for their continued trust as we set new standards in healthcare."

Shares of Park Medi World Limited was last trading in BSE at Rs. 299.65 as compared to the previous close of Rs. 290.10. The total number of shares traded during the day was 152278 in over 2836 trades.

The stock hit an intraday high of Rs. 303.30 and intraday low of 288.55. The net turnover during the day was Rs. 45551660.00.

Source : Equity Bulls

Keywords

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