Park Medi World has secured approval to acquire V3 Healthcare which operates a multi-super speciality Hospital in the name of ‘The Medicity Hospital’ for a consideration of around Rs 177 crore. The Board of Directors of the company at its meeting held on May 25, 2026 has approved the same. This acquisition marks Park Group’s entry into Uttarakhand, expanding its presence into a sixth state. It underscores the Group's continued commitment to disciplined and value-accretive inorganic growth.
The Medicity Hospital, Rudrapur, is a well-established multi-super speciality healthcare institution with a total capacity of 330 beds. As the largest hospital in the Kumaon region, the facility spanning over around 7,000 square meters of land with around 1.64 lakh square feet of covered area. Notably, the hospital is among the select NABH-accredited institutions in the region, reflecting commitment to the highest standards of clinical governance, patient safety, and operational quality. The hospital is equipped with advanced multi-disciplinary capabilities and modern medical infrastructure, staffed by a distinguished clinical team comprising specialists drawn from premier institutions of national repute. The facility operates with a strong patient-centric ethos, underpinned by a commitment to delivering superior clinical outcomes and enhancing the quality of care across the communities it serves.
This acquisition is consistent with the company's growth strategy, which seeks to maximise operational synergies and achieve economies of scale through strategic deployment of assets in high-potential, underserved markets. The addition of ‘The Medicity Hospital’ meaningfully strengthens Park Group's presence across key geographical areas in North India, advancing its long-term objective of building a dominant and integrated healthcare network in the region. The acquired facility will further strengthen the consolidated financial performance of Park Group, with value creation supported by a focused post-acquisition integration programme.
Park Medi World, operating under the brand 'Park Hospital', is the second largest private hospital chain in North India. The company is the Holding Company of Park Group of Hospitals.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 8249.30 |
| Max Healthcare Inst | 966.25 |
| Narayana Hrudayalay | 1948.90 |
| Aster DM Healthcare | 738.65 |
| Global Health | 1229.90 |
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