India, May 25 -- Park Medi World Limited has announced the acquisition of 100 per cent stake in The Medicity Hospital through an all-cash deal valued at nearly Rs 177 crore.
The acquisition marks Park Group's entry into Uttarakhand, expanding its footprint to six states across North India as part of its inorganic growth strategy.
Located in Rudrapur, The Medicity Hospital is one of the largest multi-super speciality hospitals in the Kumaon region, with a total capacity of 330 beds. The hospital is spread across nearly 7,000 square metres of land and has around 1.64 lakh square feet of built-up area.
The facility is NABH-accredited and offers advanced multi-disciplinary healthcare services supported by modern medical infrastructure and sp...