Park Medi World to acquire The Medicity Hospital, Rudrapur for Rs 177 crore
Acquisition marks hospital chain’s entry into Uttarakhand and expansion into sixth state
Park Medi World on Monday announced that it will acquire 100 per cent of the outstanding shareholding of The Medicity Hospital in an all-cash transaction valued at Rs 177 crore.
The acquisition marks Park Group’s entry into Uttarakhand and expands its presence into a sixth state.
The Medicity Hospital, Rudrapur, is a multi-super speciality healthcare institution with a capacity of 330 beds.
In a statement, Park Medi World said, “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.”
Dr Ankit Gupta said, “This acquisition marks a significant milestone in our strategic journey to build a world-class, pan-North India healthcare network”.
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