Park Medi World Limited has informed the Exchange regarding Board meeting held on January 05, 2026.
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Awaiting price reaction for this filing.
Park Medi World's board has approved acquiring 100% of Krishna Super-speciality Hospital in Bathinda for a cash consideration of INR 40 crore. The target operates a 250-bed facility (including 70 ICU beds) and is owned by Mahip Hospitals Private Limited. The company has already been managing operations at this hospital since July 2025. The acquisition is not a related-party transaction and will be completed on January 5, 2026 itself. The target's turnover grew from INR 7.73 crore in FY24 to INR 16 crore in FY25. This move supports the Park Group's plan to scale up to 5,260 total hospital beds by March 2028.
Positive for shareholders — the acquisition expands bed capacity, diversifies into Punjab region, and adds a fast-growing asset (turnover more than doubled in a year) at a reasonable cash outlay. Could be slightly EPS-dilutive in the short term given funding needs, but aligns with the group's growth roadmap.