Park Medi World to acquire Medicity Hospital in Rudrapur for Rs 177 crore

Rudrapur: Park Medi World Ltd on Monday announced the acquisition of 100 per cent of the outstanding shareholding of The Medicity Hospital, Rudrapur, in an all-cash transaction valued at Rs 177 crore.

With this acquisition in Uttarakhand, the Park Group is expanding its presence into a sixth state.

The Medicity Hospital, Rudrapur, is a multi-super speciality healthcare institution with a capacity of 330 beds.

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"This acquisition is consistent with the company's growth strategy, which seeks to maximise operational synergies and achieve economies of scale through strategic deployment of assets in high-potential, underserved markets," Park Medi World stated, news agency PTI reported.

Dr Ankit Gupta, Managing Director, Park Medi World Limited, said, "This acquisition marks a significant milestone in our strategic journey to build a world-class, pan-North India healthcare network".

Medical Dialogues had earlier reported that the AYUSH Department is set to undergo a major administrative shift with the mandatory implementation of the e-office system, marking a significant step toward digital governance and improved efficiency. The decision was taken during a high-level review meeting chaired by Secretary Ranjana Rajguru at the Directorate of Ayurvedic and Unani Services in Dehradun.

This move aims to streamline workflows, reduce delays, and ensure greater transparency and accountability in government functioning. To reinforce discipline, biometric attendance has also been made compulsory for all employees, along with mandatory training through the iGOT Karmayogi portal.

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