Park Medi World Expands Healthcare Reach in Uttarakhand with ₹177 Crore Acquisition
Park Medi World enters Uttarakhand, acquires The Medicity for Rs 177 cr

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Park Medi World Limited has acquired The Medicity Hospital in Rudrapur, Uttarakhand, for approximately ₹177 crore. This acquisition aims to enhance the company's presence in North India and improve healthcare access in underserved markets.
- 01The acquisition involves a 100% stake in The Medicity Hospital, valued at ₹177 crore.
- 02The Medicity Hospital has a capacity of 330 beds and is NABH-accredited.
- 03The facility spans 7,000 square metres with about 1.64 lakh square feet of covered area.
- 04Park Medi World aims to strengthen clinical services and operational efficiency post-acquisition.
- 05This move expands Park Medi World's network to six states in North India.
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Park Medi World Limited has made a strategic entry into the Uttarakhand healthcare market by acquiring The Medicity Hospital in Rudrapur for approximately ₹177 crore. This acquisition is part of the company's broader strategy to enhance its footprint across North India, particularly in underserved healthcare markets. The Medicity Hospital, which is a multi-speciality facility with a capacity of 330 beds, is recognized for its modern medical infrastructure and is among the NABH-accredited hospitals in the Kumaon region. The hospital occupies around 7,000 square metres of land and features approximately 1.64 lakh square feet of covered area. Ankit Gupta, Managing Director of Park Medi World, emphasized that this acquisition is a significant milestone in their plan to build a comprehensive healthcare network across North India. The company intends to leverage this acquisition to improve operational efficiency, increase bed utilization, and expand healthcare services, thereby strengthening its regional presence and financial performance over the medium to long term.
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The acquisition is expected to improve healthcare access in the Kumaon region, addressing the needs of underserved populations.
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