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. The company will also add 150 beds to its Mohali facility, involving an investment of ₹40 crore. This expansion aims to bolster tertiary and quaternary care services, particularly in oncology and neurosciences.
The launch of a new hospital and significant bed capacity expansion will substantially increase the company's operational footprint and revenue potential.
The company is expanding its capacity and launching a new hospital, which is a positive development for business growth and market presence.
Park Medi World Limited announced today, March 10, 2026, that its Board of Directors has approved the launch of a new multispecialty hospital in Panchkula and the expansion of its Grecian Super Speciality Hospital in Mohali.
The Panchkula Hospital, located at Plot no. 1, Sector 5, MDC Urban State, Panchkula, will commence operations on March 29, 2026. This new facility is designed to offer comprehensive tertiary and quaternary care services, including advanced diagnostics and critical care infrastructure.
The company also approved the expansion of its Mohali Hospital by adding 150 beds to the existing 350 beds. This expansion is expected to be completed within the next 18 months and will involve an investment of approximately ₹40 crore, funded through internal accruals of its subsidiary, RGS Healthcare Limited. The expansion will focus on strengthening capabilities in high-acuity specialties such as Oncology, Neurosciences, Gastro Sciences, and Robotic Surgeries, including robotic joint replacement.
With these developments, Park Hospital's consolidated capacity in the Tricity region will reach 850 beds, positioning it as the largest private healthcare network in the area. Dr. Ankit Gupta, Managing Director, stated that this expansion is a significant milestone in strengthening advanced healthcare access and developing centers of excellence in high-acuity care across North India.
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Park Medi World Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Park Medi World Limited. Read the original for the full detail.