Shares of Park Medi World Ltd soared nearly 8% on 25 May after the healthcare operator announced the acquisition of Medicity Hospital in a cash transaction worth around Rs 177 crore. The deal marks another major step in the company’s aggressive expansion strategy across North India.

As per the regulatory filing, Park Medi World will acquire the 330-bed multi-speciality hospital through a two-stage share purchase arrangement. The company plans to complete the acquisition of an 80% stake by 31 August 2026, while the remaining 20% stake will be acquired by 30 April 2030. The acquisition will be funded entirely through internal accruals.

Established in 2014, Medicity Hospital operates more than 20 speciality departments, including cardiology, neurosurgery, orthopaedics, oncology, nephrology, IVF, gastroenterology, paediatrics, urology, and interventional radiology. The hospital is also among the few NABH-accredited healthcare institutions in the Kumaon region, highlighting its focus on clinical quality and patient safety.

Spread across nearly 7,000 square meters with a built-up area of approximately 1.64 lakh square feet, the facility has emerged as one of the largest healthcare centres in the region. Medicity reported revenues of Rs 55.74 crore in FY26, compared to Rs 49.04 crore in FY25 and Rs 42.4 crore in FY24, reflecting consistent operational growth.

Managing Director Ankit Gupta said the acquisition aligns with the company’s inorganic growth strategy and strengthens its regional healthcare network. Group CEO Sanjay Sharma further stated that Park Medi plans to add 500 beds in FY27 and another 1,000 beds in FY28 to support long-term expansion.

The latest acquisition expands Park Medi’s footprint into its sixth Indian state and is expected to improve both operational efficiency and long-term profitability. Shares of the company were trading at Rs 279.33, up 7.6% intraday, while the stock has gained 87% so far in 2026.

At 11:45 am, the shares of Park Medi World were trading 7.37% higher at Rs 278.30 on NSE. 

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