New Delhi, May 25 -- Park Medi World share price jumped over 8% to a record high on Monday after the company announced that its board of directors considered and approved the acquisition of V3 Healthcare Private Limited which operates a multi-super speciality hospital in the name of "The Medicity Hospital".

Park Medi World shares rallied as much as 8.22% to a fresh high Rs.280.80 apiece on the BSE. The rally in the healthcare stock was also supported by strong trading volumes. Around 19 lakh equity shares of Park Medi World changed hands on stock exchanges, significantly higher than its one week average trading volume of 6 lakh shares and one month average volume of 10 lakh shares.

North India's second largest chain of hospitals, Park M...