Park Medi World has announced the execution of a definitive agreement to acquire 100% of the shareholding of The Medicity Hospital in Rudrapur, Uttarakhand. The all-cash transaction is valued at approximately ₹177 Crores, marking the company's entry into the state of Uttarakhand and expanding its presence to a sixth state.

Acquisition Details

The target entity, V3 Healthcare Private Limited, owns and operates The Medicity Hospital. The transaction involves acquiring 80% of the shareholding by August 31, 2026, and the remaining 20% after March 31, 2030. The acquisition does not fall under related party transactions.

Strategic Significance

The Medicity Hospital is a multi-super speciality healthcare institution and the largest hospital in the Kumaon region. Spanning approximately 1.64 lakh square feet, the facility is NABH-accredited and offers over 20 specialities, including Cardiac Sciences, Neurosurgery, and Oncology. The hospital reported a turnover of INR 55.74 crores for the financial year 2025-26 (unaudited).

This acquisition aligns with Park Medi World's strategy to maximize operational synergies and achieve economies of scale in high-potential markets. The company stated that the addition of this facility is expected to be earnings-accretive and will strengthen its consolidated financial performance through enhanced clinical offerings and improved bed utilisation rates.

Financial Performance

The target entity has demonstrated consistent growth over the past three years.

Park Medi World currently operates 16 hospitals with a combined capacity of 3,960 beds. With the integration of The Medicity Hospital and other ongoing projects, the group expects its total capacity to reach 5,790 beds by March 2028.

Park Medi World Limited has incorporated a step-down subsidiary, Healplus Medical Services Private Limited, effective May 20, 2026. The new entity is classified as a wholly-owned subsidiary of Park Medicenters and Institutions Private Limited, which is itself a subsidiary of the company. The incorporation was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ownership and Structure

The company holds an 81.81% equity shareholding in Park Medicenters and Institutions Private Limited. Consequently, the newly formed Healplus Medical Services Private Limited is a wholly-owned subsidiary of this intermediate entity. The transaction does not involve any interest from the promoter, promoter group, or other group companies beyond the structure described above.

Financial and Operational Details

The consideration for the acquisition involves the infusion of subscribed share capital in cash by Park Medicenters and Institutions Private Limited along with its nominee. The cost of acquisition for the shares is INR 0.01 crore. The step-down subsidiary will focus on healthcare services, aiming to diversify and expand the current business operations of the parent entity.

Business Objectives

The primary object of Healplus Medical Services Private Limited is to establish and carry on the business of retail and wholesale distribution, trading, and import of pharmaceuticals, medicines, drugs, and medical and surgical goods. Additionally, the entity will deal in orthopaedic goods, healthcare products, cosmetic products, and personal care products through outlets, pharmacies, or other lawful modes. As the entity was recently incorporated on May 20, 2026, turnover details for the last three years are not applicable.