Park Medi World Ltd Acquires KP Institute of Medical Sciences for INR 245 Crore

Park Medi World Ltd has entered into agreements to acquire whole of existing shareholding of KP Institute of Medical Sciences (KPIMS) in an all-cash transaction amounting to INR 245 Crore. This acquisition, one of the biggest healthcare facilities in the region having total capacity of 360 beds, aligns perfectly with Park Group's cluster-based growth strategy. KPIMS, a prominent multi-specialty provider for Agra and neighbouring areas, is expected to add immediate value following integration. Upon consummation of the acquisition, KPIMS will be a 360 beded multi super speciality hospital.