Acquisition of The Medicity Hospital, Rudrapur, Uttarakhand
PARKHOSPS · price
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Park Medi World Ltd (NSE: PARKHOSPS, BSE: 544645), North India's 2nd largest hospital chain, has approved the acquisition of V3 Healthcare Private Limited which operates 'The Medicity Hospital' in Rudrapur, Uttarakhand. The all-cash deal is valued at approximately INR 177 crores, with 80% stake to be acquired by August 31, 2026, and the remaining 20% by April 30, 2030. The target is a 330-bed multi-super speciality hospital, the largest in the Kumaon region, with FY 2025-26 turnover of INR 55.74 crores. The hospital is NABH-accredited and offers over 20 specialities. The transaction is not a related party deal and is expected to be earnings-accretive, expanding Park Group's presence into Uttarakhand as its sixth state.
This acquisition strengthens Park Medi World's market position as North India's second-largest hospital chain, adding 330 beds and expanding into a new geography. The deal is expected to be earnings-accretive with synergies from operational improvements and higher bed utilisation, positive for long-term shareholder value.