Park Medi World Ltd has signed a definitive agreement to acquire Mehar Hospital in Zirakpur, Punjab, for ₹107 crore in an all-cash deal, further expanding its footprint in North India’s fast-growing healthcare market.
The 150-bed multi-super speciality hospital will be rebranded under the Park name and is expected to commence operations as part of the Park Group network in November 2026.
The acquisition strengthens the company’s presence across the Chandigarh Tricity region and aligns with its strategy of building one of the largest integrated healthcare networks in North India.
Expanding presence in Tricity
Located in Zirakpur, a rapidly growing satellite town in Punjab’s Mohali district, Mehar Hospital serves as a gateway to Chandigarh and lies within 10-15 kilometres of Chandigarh, Mohali and Panchkula.
Park Group said the acquisition complements its existing hospitals in Mohali, Panchkula, Patiala and Bathinda, creating a denser regional network that will enable better patient access and operational efficiencies.
The company plans to enhance the hospital’s clinical capabilities by introducing tertiary and quaternary care services, streamlining operations and improving bed utilisation. It expects the acquisition to be earnings-accretive and contribute to revenue and profitability over the medium to long term.
Aggressive expansion strategy
The Zirakpur acquisition marks another milestone in what has been a transformational year for Park Group.
During calendar year 2026, the company acquired a 250-bed hospital in Bathinda, which it had been operating under an operations and management agreement since July 2025, and completed its largest acquisition to date with a 360-bed hospital in Agra.
It also commissioned a 350-bed greenfield hospital in Panchkula and a 330-bed facility in Rudrapur, Uttarakhand, marking its entry into the state.
Over the remainder of the year, the group plans to commission the 150-bed Zirakpur hospital, a 200-bed hospital in Narela, Delhi, and a 100-bed expansion at Park Platinum in Palam Vihar, Gurugram.
Collectively, these projects will add around 1,500 beds within a 12-month period, representing a 46% increase over the group’s bed capacity of 3,250 beds at the end of December 2025.
Eyeing high-growth healthcare markets
Park Medi World Managing Director Dr Ankit Gupta said the company remains committed to expanding in high-growth healthcare markets while maintaining financial discipline.
“Our continued investment in Punjab is deliberate. Tricity is one of North India’s most dynamic healthcare markets, and Mehar Hospital gives us a platform at its very centre, complementing our established presence at Panchkula, Mohali, Patiala and Bathinda and reinforcing our leadership across the region.”
He added that the company would have added nearly 1,500 beds during the year through acquisitions and greenfield projects, while remaining disciplined on capital allocation.
“The combination of expansion and prudent capital allocation is what we intend to carry forward,” he said.