Announcement

Park Medi World Limited (Park Hospital) held a groundbreaking ceremony for a 550‑bed multi‑super‑speciality hospital in Prayagraj, Uttar Pradesh, under a public‑private partnership (PPP) with the Prayagraj Municipal Corporation. The investment is approximately Rs 200 crore.

Project Details

  • The PPP mandate was received in August 2026. Under the concession agreement, the hospital is expected to be completed within two years from the appointed date, targeting completion by October 2028.
  • The facility will provide a comprehensive range of services, including cardiology, neurology, oncology, orthopaedics, gastroenterology, critical care, nephrology, organ transplants, and women & child health, thereby expanding organised multi‑speciality healthcare access for residents of Prayagraj and neighbouring areas.

Group Overview & Expansion Plan

  • Park Medi World currently operates 17 hospitals with a combined capacity of roughly 4,300 beds (approximately 4,290 beds as cited elsewhere).
  • Existing assets include a 360‑bed hospital in Agra, and the group is set to commission two new hospitals in Kanpur and Gorakhpur under an operations & management (O&M) model.
  • The group also has a presence in Punjab with facilities in Bathinda, Patiala, and Mohali.
  • Its network spans 15 cities across six North Indian states: Delhi, Gurgaon, Faridabad, Panipat, Karnal, Sonipat, Ambala, Mohali, Patiala, Bathinda, Behror, Jaipur, Agra, Panchkula, and Rudrapur.
  • As part of its broader expansion strategy, Park Medi World is integrating six additional hospitals and expanding capacity at three existing units, which will add approximately 2,300 beds. This will raise the total network capacity to about 6,600 beds by December 2028.
  • Future expansion cities include Zirakpur (Punjab), Kanpur, Gorakhpur, Prayagraj (Uttar Pradesh), and Rohtak (Haryana).

Management Comment

Dr. Ankit Gupta, Managing Director of Park Medi World Limited, stated that the groundbreaking of the Prayagraj hospital marks an important milestone in the group’s expansion journey. He emphasized the focus on increasing network capacity to roughly 6,600 beds by December 2028 and strengthening the group’s presence across North India, particularly in emerging markets.

Investment & Timeline Summary

  • Investment amount: approximately Rs 200 crore.
  • Bed capacity of the new facility: 550 beds.
  • Expected completion: within two years of the appointment date, i.e., by October 2028.
  • The project is executed under a PPP framework with the Prayagraj Municipal Corporation.