Park Medi World has entered in to agreements to acquire whole of existing shareholding of KP Institute of Medical Sciences (KPIMS), in an all-cash transaction amounting Rs 245 crore. This acquisition, one of the biggest healthcare facilities in the region having total capacity of 360 beds, aligns perfectly with its cluster-based growth strategy, which maximizes operational efficiencies and achieves economies of scale by locating its hospitals in close proximity.
Furthermore, it significantly reinforces the Park Group's goal of strengthening its presence in key urban centres across North India.
Park Medi World is the second largest private hospital chain in North India.
