Park Medi World unit signs 28-year O&M deal for 300-bed Kanpur hospital
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Park Medi World's wholly-owned subsidiary has signed a 28-year Operations and Management agreement with Axis Educational Society to run a 300-bed multi-super speciality hospital in Kanpur, UP. Asset-light model: subsidiary will renovate the 1.2 lakh sq ft facility, paying 6 percent revenue share with a minimum guarantee of INR 20 lakh per month. Effective by April 2027. Park Group currently runs 17 hospitals with about 4,300 beds; total capacity to reach about 6,600 beds.
Capital-efficient expansion adds 300 beds in Uttar Pradesh without buying land or building, strengthening presence in an under-served healthcare market.