As per a regulatory exchange filing, under the agreement, Park Medi World will take full ownership of KPIMS. The acquisition adds a tertiary-care hospital with a total capacity of 360 beds to the Park Group’s portfolio. The company said the facility will be integrated into its existing operations after the completion of the transaction. With KPIMS, the group aims to improve clinical programmes, raise efficiency levels, and increase bed utilisation over the coming years.
Park Medi World said the deal will strengthen its presence in major urban centres across North India. The company expects the institute to add value soon after integration, supporting its plans to expand healthcare services in the region.
Commenting on the acquisition, Ankit Gupta, Managing Director, Park Medi World, said: “The acquisition of the KP Institute of Medical Sciences (KPIMS) marks a significant step in expanding our footprint in North India, in line with the vision of our Chairman Ajit Gupta for ‘wellness for all’ to deliver accessible, high quality, and affordable healthcare for everyone. It will strengthen our regional presence and yield strong operational and financial results.”
