Park Medi World Limited has approved the acquisition of V3 Healthcare Private Limited, the operator of The Medicity Hospital in Rudrapur, Uttarakhand.
The transaction will provide the hospital chain with a strategic foothold in Uttarakhand and strengthen its presence across North India.
The acquisition aligns with the company's expansion strategy focused on increasing scale, enhancing regional coverage and strengthening its healthcare delivery network through inorganic growth opportunities.
The company will acquire 100% ownership of V3 Healthcare through an all-cash deal valued at approximately ₹177 crore.
Under the agreed structure, Park Medi World will purchase 80% of the shareholding by August 31, 2026, while the remaining 20% stake will be acquired after March 31, 2030, with completion targeted by April 30, 2030.
The transaction does not qualify as a related-party deal and will be executed through the purchase of existing shares in two separate tranches.
Founded in July 2014, V3 Healthcare operates The Medicity Hospital at Rudrapur in Uttarakhand. The multi-super speciality facility has a capacity of 330 beds and is recognised as the largest hospital in the Kumaon region.
The hospital is NABH accredited and offers treatment across more than 20 specialties, including cardiac sciences, neurosurgery, orthopaedics, oncology, nephrology, gastroenterology, paediatrics, urology and obstetrics & gynaecology.
The facility spans over 7,000 square metres of land and comprises approximately 1.64 lakh square feet of covered area. It is equipped with advanced medical infrastructure and multidisciplinary clinical capabilities.
For FY26, the target company reported unaudited turnover of ₹55.74 crore, compared with ₹49.04 crore in FY25 and ₹42.46 crore in FY24.
As per the exchange filings, commenting on the acquisition, Dr. Ankit Gupta, Managing Director of Park Medi World Limited, said, "This acquisition marks a significant milestone in our strategic journey to build a world-class, pan-North India healthcare network."
He added that The Medicity Hospital possesses a strong clinical reputation, established patient base and advanced infrastructure that align with the company's expansion objectives.
According to the company, the acquisition is expected to improve operational efficiencies, expand clinical service offerings, enhance bed utilisation and contribute positively to revenue and profitability over the medium to long term.
The acquisition marks Park Group's entry into its sixth state of operations. The healthcare chain currently operates 16 hospitals with a combined capacity of 3,960 beds.
In addition to the Rudrapur facility, the group is integrating four more hospitals that are expected to add 1,500 beds to the network. Upon completion, total capacity is projected to reach 5,790 beds by March 2028.
The group currently serves patients across key cities including Delhi, Gurugram, Faridabad, Panipat, Karnal, Sonipat, Ambala, Mohali, Patiala, Bathinda, Behror, Jaipur, Agra and Panchkula.
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As of 25 May 2026, at 11:30 AM, Park Medi World share price is trading at ₹279 per share, reflecting a surge of 7.64% from the previous closing price.
The acquisition of The Medicity Hospital strengthens Park Medi World’s regional presence and adds a major healthcare facility to its portfolio. The transaction supports the company’s strategy of expanding its footprint across North India while increasing capacity and service capabilities.
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Published on: May 25, 2026, 1:08 PM IST
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