Park Group of Hospitals launches Panchkula Facility and Expansion in Mohali

Park Medi World Limited (NSE: PARKHOSPS; BSE: 544645): Park Group of Hospitals today approved the launch of its advanced multi-super specialty hospital in Panchkula expandable to 350 beds, and expansion of its existing 350-beded facility in Mohali with 150 beds, strengthening its presence across the Tricity healthcare ecosystem. The Panchkula facility will become operational from March 29, 2026, expanding access to advanced healthcare services for patients across Haryana, Punjab, Himachal Pradesh, and Chandigarh.

With the addition of the Panchkula hospital and the upcoming expansion at its Mohali campus (Grecian Super Specialty Hospital), Park Hospital's consolidated capacity across the Tricity region will reach 850 beds, making it the largest private healthcare network in the region. The Tricity cluster includes 350 existing beds at Mohali, capacity of up to 350 beds at the newly launched Panchkula facility, and an additional 150-bed super speciality expansion at Mohali.

The Panchkula hospital has been designed to deliver comprehensive tertiary and quaternary care services, supported by advanced diagnostics, modern operation theatres, and critical care infrastructure. The facility will offer specialized treatment across multiple disciplines, addressing the growing demand for advanced medical care in the region.

The upcoming 150-bed super speciality expansion at Mohali will focus on strengthening advanced clinical capabilities, with investments directed toward key high-acuity specialties including Oncology, Neurosciences, Gastro Sciences, and Robotic Surgeries. The expansion will also introduce robotic joint replacement capabilities, significantly enhancing the hospital's ability to deliver cutting-edge, minimally invasive treatment options.

Dr. Ankit Gupta, Managing Director, Park Medi World Limited, said: "The launch of our Panchkula hospital and the expansion of our Mohali facility mark a significant milestone in Park Hospital's journey to strengthen advanced healthcare access across the Tricity region. With a combined capacity of 850 beds across our Mohali and Panchkula campuses, we are building one of the most comprehensive private healthcare networks in the region. The new Panchkula hospital, along with the upcoming 150-bed super speciality expansion in Mohali, reflects our long-term commitment to developing centres of excellence in high-acuity care. Our focus is on strengthening capabilities in areas such as oncology, neurosciences, gastro sciences, and robotic surgeries, while introducing advanced technologies that enable minimally invasive and patient-centric treatment. As healthcare needs continue to evolve across North India, our goal is to create an integrated ecosystem that brings together clinical expertise, technology, and scale to deliver world-class care closer to the communities we serve."

With this development, Park Hospital continues to strengthen its footprint in North India while advancing its vision of delivering high-quality, specialized, and technology-enabled healthcare at scale.

Shares of Park Medi World Limited was last trading in BSE at Rs. 203.40 as compared to the previous close of Rs. 204.65. The total number of shares traded during the day was 55231 in over 779 trades.

The stock hit an intraday high of Rs. 207.35 and intraday low of 201.10. The net turnover during the day was Rs. 11252746.00.

Source : Equity Bulls

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INE119201023 ParkMediWorld PARKHOSPS Hospital Expansion