Park Medi World Limited has informed the Exchange about Capacity addition
PARKHOSPS · price
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Park Medi World's board has approved two major capacity moves in the Tricity (Chandigarh-Mohali-Panchkula) region. First, a new multi-super specialty hospital in Panchkula, expandable up to 350 beds, will start operations on March 29, 2026, targeting patients in Haryana, Punjab, Himachal Pradesh, and Chandigarh. Second, the existing Grecian Super Speciality Hospital in Mohali (currently 350 beds, running at 73% utilisation in Q3 FY2026) will be expanded by 150 beds over the next 18 months, at an investment of around Rs. 40 crore funded from internal accruals of subsidiary RGS Healthcare. Together, the group's Tricity bed count will rise to 850, making it the largest private hospital network in the region. The wider Park Group currently runs 15 hospitals with 3,610 beds and is targeting 5,460 beds by March 2028.
Positive for shareholders — these additions strengthen Park's leadership in the Tricity healthcare market, add high-acuity specialties (oncology, neurosciences, gastro, robotic surgery), and are largely self-funded, limiting balance-sheet strain. Investors should watch Panchkula ramp-up traction and execution of the 18-month Mohali expansion as near-term catalysts.