Park Medi World Limited has entered into an agreement to acquire KP Institute of Medical Sciences (KPIMS), a multi-specialty hospital located in Agra, Uttar Pradesh, in an all-cash transaction valued at Rs 245 crore. The acquisition involves the purchase of the entire existing shareholding of KPIMS and is expected to expand Park Medi World’s operational footprint in North India. The company disclosed the development in a regulatory filing and statement issued on the transaction.
The deal comes as healthcare providers continue to consolidate assets in regional markets, particularly in tier-two cities where demand for advanced medical services has been rising steadily.
Details of the Transaction and Strategic Rationale
KP Institute of Medical Sciences currently has a bed capacity of 360 and operates as a tertiary-care hospital offering a range of super-specialty and multi-specialty services. Since commencing operations in 2023, the hospital has served patients from Agra and surrounding districts in western Uttar Pradesh.
According to Park Medi World, the acquisition is consistent with its cluster-based expansion strategy, which focuses on developing and operating hospitals within geographically connected markets. The approach is intended to enable operational coordination, shared clinical resources, and improved efficiency across facilities.
Following the completion of the transaction, KPIMS is expected to be integrated into Park Medi World’s hospital network. The company has indicated that post-acquisition efforts will focus on strengthening clinical programs, improving operational efficiency, and increasing bed utilisation over time. No immediate changes to services or capacity were announced as part of the deal.
The transaction remains subject to customary regulatory approvals and closing conditions.
Impact on Park Medi World’s Hospital Network
Park Medi World currently operates 14 hospitals across North India, with a combined capacity of approximately 3,250 beds. The company has an ongoing expansion pipeline that includes additional hospitals at various stages of development, which are expected to add around 1,650 beds in the coming years.
Once these projects are completed, the group’s total bed capacity is projected to increase significantly. The addition of the Agra-based facility is expected to strengthen the company’s presence in Uttar Pradesh and adjacent regions, which are considered key growth markets for hospital services.
KPIMS is accredited by the National Accreditation Board for Hospitals and Healthcare Providers (NABH) and is empanelled under multiple insurance and government healthcare schemes. These factors are expected to support its integration into Park Medi World’s broader network.
Acquisitions of operational hospitals, particularly newer facilities, have become a preferred route for hospital chains seeking faster market entry compared to greenfield projects. The Park Medi World–KPIMS transaction reflects this trend, as healthcare groups look to expand scale while managing development timelines and costs.
