Summary of Key Information:

Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI Listing Regulations - Acquisition of The Medicity Hospital

Date of Board Meeting / Approval: May 25, 2026 (commenced at 7:30 a.m., concluded at 09:10 a.m.)

Acquisition Details:

Target Entity: V3 Healthcare Private Limited (CIN U74999UR2014PTC001182)

Hospital Name: The Medicity Hospital

Location: Teen Pani, Udham Singh Nagar, Kichha Road, Uttarakhand - 263153, India

Transaction Value: ₹177 Crores approximately

Payment Method: All-cash transaction by acquiring existing shareholding

Ownership Structure: 100% acquisition in two tranches

Acquisition Timeline:

  • 80% shareholding to be acquired by August 31, 2026
  • Remaining 20% shareholding to be acquired after March 31, 2030 (by April 30, 2030)

Target Company Financials:

  • FY 2025-26 Turnover: ₹55.74 crores (unaudited)
  • FY 2024-25 Turnover: ₹49.04 crores
  • FY 2023-24 Turnover: ₹42.46 crores

Hospital Specifications:

  • Bed Capacity: 330 beds
  • Land Area: ~7,000 square meters
  • Covered Area: Approximately 1.64 lakh square feet
  • Accreditation: NABH-accredited
  • Specialities: Over 20 departments including Cardiac Sciences, Neurosurgery, Orthopedics, Oncology & Oncosurgery, Obstetrics & Gynaecology, IVF & Infertility, Nephrology, Gastroenterology, ENT, Paediatrics, Urology, Physiotherapy, Dialysis, Blood Bank, and Interventional Radiology

Strategic Rationale:

The acquisition is consistent with the Company's growth strategy to maximize operational synergies and achieve economies of scale through strategic deployment of assets in high-potential, underserved markets. This marks Park Group's entry into Uttarakhand, expanding its presence to a sixth state.

Regulatory Status:

  • Does not fall under related party transaction
  • No governmental or regulatory approvals required

Company Background:

Park Group Profile: North India's 2nd largest Hospital Chain

Current Operations: 16 hospitals with combined capacity of 3,960 beds

Geographic Presence: 14 key cities including Delhi, Gurgaon, Faridabad, Panipat, Karnal, Sonipat, Ambala, Mohali, Patiala, Bathinda, Behror, Jaipur, Agra and Panchkula

Future Capacity: Expected to reach 5,790 beds by March 2028 with ongoing integration of four additional hospitals

Management Commentary:

Dr. Ankit Gupta, Managing Director, stated: "This acquisition marks a significant milestone in our strategic journey to build a world-class, pan-North India healthcare network. The Medicity Hospital, Rudrapur, is a high-quality, well-entrenched asset with a strong clinical reputation and an established patient base."

Additional Information:

Disclosure Reference: SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Company Website: https://www.parkhospital.in/

Investor Relations Contact: investor.relations@parkhospital.in

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