Mumbai, May 25 -- The acquisition will be carried out through the purchase of V3 Healthcare, which operates The Medicity Hospital. The transaction will be completed in two phases, with 80% stake acquisition expected by 31 August 2026 and the remaining 20% by 30 April 2030.

The Medicity Hospital is a 330-bed multi-super speciality hospital and is the largest hospital in the Kumaon region. The facility is NABH accredited and offers more than 20 specialities, including cardiology, neurosurgery, oncology, orthopaedics and nephrology.

Park Medi World said the acquisition marks its entry into Uttarakhand and expands its presence to a sixth state. The company said the deal aligns with its strategy of expanding in high-potential and underserved...