Park Medi World to Launch Panchkula Hospital & Expand Mohali Facility
Park Medi World will launch a new multispecialty hospital in Panchkula on March 29, 2026, and expand its Mohali facility by adding 150 beds. These initiatives will increase the Tricity region's total bed capacity to 850, making it the largest private healthcare network. The Mohali expansion requires an investment of ₹40 crores.
The launch of a new hospital and significant expansion of an existing one will substantially increase the company's operational capacity and market presence in a key region.
The company is expanding its operations and capacity, which indicates positive growth and strategic development in the healthcare sector.
Park Medi World Limited announced key strategic expansions following a Board of Directors meeting held on March 10, 2026. The company will launch a new multispecialty hospital in Panchkula, located at Plot no. 1, Sector 5, MDC Urban State, which is scheduled to commence operations on March 29, 2026.
Additionally, the company approved the expansion of bed capacity at its subsidiary RGS Healthcare Limited's Grecian Super Speciality Hospital in Mohali. This expansion will add 150 beds to the existing 350 beds, with the total capacity expected to be added within the next 18 months at an approximate cost of ₹40 crores, funded through internal accruals.
These developments will increase Park Hospital's consolidated bed capacity in the Tricity region to 850 beds, establishing it as the largest private healthcare network in the area. The Panchkula hospital will focus on tertiary and quaternary care, while the Mohali expansion will enhance capabilities in high-acuity specialties like Oncology, Neurosciences, Gastro Sciences, and Robotic Surgeries.
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