Park Medi World Limited has informed the Exchange regarding Outcome of Board Meeting held on March 10, 2026.
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Park Medi World announced the launch of a new multi-super specialty hospital in Panchkula starting March 29, 2026, expandable to 350 beds. The Board also approved the expansion of its Grecian Super Speciality Hospital in Mohali by adding 150 beds to the existing 350-bed capacity. The expansion, to be completed over 18 months at a cost of around Rs. 40 crores, will be funded through internal accruals of its subsidiary RGS Healthcare. The Mohali hospital currently runs at 73% capacity utilization. With these moves, Park Hospital's Tricity region capacity will reach 850 beds, making it the largest private healthcare network in the area. The group currently operates 15 hospitals with 3,610 beds and targets 5,460 beds by March 2028.
This is a positive capacity expansion announcement that strengthens the company's presence in North India and signals aggressive growth. The internal funding of the Rs. 40 crore expansion avoids dilution or debt burden on shareholders. Investors may view this as a growth-oriented move, though execution risk and ramp-up time at the Panchkula facility will be key things to watch.