New Delhi, May 25 -- Park Medi World Limited has entered the Uttarakhand healthcare market through the acquisition of The Medicity Hospital, as the hospital chain looks to expand its presence across North India.

According to an exchange filing, Park Medi World has signed a definitive agreement to acquire 100 per cent stake in The Medicity Hospital in an all-cash transaction valued at around Rs 177 crore.

The Medicity Hospital in Rudrapur is a multi-speciality healthcare facility with a capacity of 330 beds and is among the NABH-accredited hospitals in the Kumaon region. The hospital is spread across around 7,000 square metres of land and has approximately 1.64 lakh square feet of covered area.

The company said the acquisition is part o...