M&A

M&A

Park Medi World to acquire Medicity Hospital for Rs.177-Cr

NSE Announcement   Economic Times  

Gurugram-based-based publicly-based Park Medi World Ltd is to acquire Rudrapur, Uttarakhand-based Medicity Hospital in an all-cash transaction valued at INR 177 crore. The acquisition marks Park Group's entry into Uttarakhand.Founded in 2014, Medicity Hospital runs a multi-super-speciality healthcare institution with 330-beds.Park Medi World operates a network of hospitals across North India, primarily under the "Park Hospital" brand. It provides advanced tertiary and quaternary medical treatments across more than 30 specialities, including cardiology, oncology, neurosciences, and orthopaedics.