Park Medi World Limited has informed the Exchange regarding Outcome of Board Meeting held on May 25, 2026.
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Park Medi World Limited's Board 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. The company will acquire 80% stake by August 31, 2026, and the remaining 20% by April 30, 2030. The target hospital has 330 beds, is NABH-accredited, and is the largest in the Kumaon region with turnover of INR 55.74 crores for FY 2025-26 (up from INR 42.46 crores in FY 2023-24). This acquisition marks Park Group's entry into Uttarakhand as its sixth state, expanding North India's second-largest hospital chain to 17 hospitals. The transaction is not a related party transaction and is expected to be earnings-accretive.
This acquisition strengthens Park Medi World Limited's market position and geographic footprint in North India. The deal brings 330 beds and established hospital infrastructure, which should contribute to consolidated revenue and profitability over the medium to long term. For shareholders, this represents disciplined inorganic growth aligned with the company's expansion strategy in high-potential underserved markets.