Park Medi World to Acquire Mehar Hospital in ₹107 Crore Deal, Expands Tricity Healthcare Network
Park Medi World Limited has announced the acquisition of Mehar Hospital, Zirakpur, in an all-cash transaction valued at approximately ₹107 crore, strengthening its footprint in Punjab and reinforcing its strategy to build one of North India’s largest healthcare networks.
The acquisition was approved by the company’s Board of Directors on August 3, 2026, along with the unaudited financial results for the quarter ended June 30, 2026. The transaction is expected to be completed by December 3, 2026, while the hospital is targeted to operate under the Park brand from November 2026.
Key Highlights
- Target Hospital: Mehar Hospital, Zirakpur
- Acquisition Value: Approximately ₹107 crore
- Stake Acquired: 100%
- Mode of Acquisition: All-cash transaction
- Expected Completion: December 3, 2026
- Hospital Capacity: 150+ beds
- Location: Zirakpur, Punjab
Strategic Expansion in Punjab
The acquisition aligns with Park Medi World’s long-term strategy of expanding its healthcare network through strategic acquisitions in high-growth markets. Mehar Hospital is a well-established multi-super speciality hospital with more than 150 beds, serving Zirakpur and the rapidly growing Tricity region comprising Chandigarh, Mohali, and Panchkula.
The company believes the acquisition will create operational synergies, improve economies of scale, and strengthen its regional leadership in North India’s healthcare sector.
Why Zirakpur Matters
Zirakpur has emerged as one of the fastest-growing urban centres in North India and serves as the primary gateway to Chandigarh. Located within 10–15 kilometres of Chandigarh, Mohali, and Panchkula, the city occupies a strategic position in the Tricity healthcare market.
Park Medi World said the acquisition complements its existing hospitals in Mohali, Panchkula, Patiala, and Bathinda, enabling the group to expand its patient catchment area while enhancing the depth of super-speciality healthcare services across the region.
Growth Through Operational Synergies
Following the acquisition, Park Medi World plans to enhance Mehar Hospital’s clinical capabilities by introducing its tertiary and quaternary care services. The company also intends to improve operational efficiency, optimize workflows, and increase bed utilization.
Management expects these initiatives to improve revenue and profitability over the medium to long term, while making the transaction earnings-accretive for shareholders.
Mehar Hospital at a Glance
Mehar Hospital is owned and operated by Mehar Mediserve LLP, which reported an unaudited turnover of ₹19.10 crore in FY2025-26.
Financial Performance
- FY2025-26: ₹19.10 crore
- FY2024-25: ₹18.87 crore
- FY2023-24: ₹17.52 crore
The hospital has established itself as a multi-super speciality healthcare institution serving the growing healthcare needs of Zirakpur and surrounding areas.
A Year of Rapid Expansion
The Zirakpur acquisition marks another milestone in Park Group’s aggressive expansion strategy during 2026.
Over the past year, the group has:
- Acquired Bathinda (250 beds)
- Acquired Agra (360 beds)
- Commissioned Panchkula (350 beds)
- Commissioned Rudrapur (330 beds)
- Planned commissioning of Zirakpur (150 beds)
- Upcoming Narela, Delhi hospital (200 beds)
- Expansion of Park Platinum, Gurugram (100 additional beds)
Together, these projects are expected to add nearly 1,500 beds, representing approximately 46% capacity expansion over the group’s December 2025 bed count.
Management Commentary
Managing Director Dr. Ankit Gupta said the company’s continued investment in Punjab reflects its confidence in the Tricity region as one of North India’s fastest-growing healthcare markets.
He noted that Mehar Hospital strengthens Park Group’s existing presence across Mohali, Panchkula, Patiala, and Bathinda, while the broader expansion plan will add around 1,500 beds during the year through acquisitions and greenfield developments. The company remains focused on disciplined capital allocation while pursuing rapid network growth.
Park Group’s Growing Healthcare Network
Following its ongoing expansion projects, Park Group expects to increase its total hospital capacity from approximately 4,300 operational beds to nearly 5,800 beds by March 2028.
The healthcare chain currently operates across multiple cities including Delhi, Gurugram, Faridabad, Panipat, Karnal, Sonipat, Ambala, Mohali, Patiala, Bathinda, Jaipur, Agra, Panchkula, Rudrapur, and Behror, while also expanding into Zirakpur, Gorakhpur, and Rohtak.
The network provides a wide range of speciality and super-speciality services including cardiology, neurology, oncology, orthopaedics, gastroenterology, nephrology, organ transplantation, critical care, women and child healthcare, stem-cell therapy, and gene therapy.