Park Medi World has announced the launch of its multispecialty hospital in Panchkula, Haryana, which will commence operations on March 29, 2026. The board of directors approved the launch during a meeting held on March 10, 2026, alongside an expansion plan for its subsidiary’s facility in Mohali.
The Panchkula hospital, located at Plot No. 1, Sector 5, MDC Urban Estate, has been designed with capacity expandable to 350 beds. The facility will offer tertiary and quaternary care services across multiple specialities, supported by advanced diagnostics, modern operation theatres, and critical care infrastructure. The hospital will primarily serve the domestic market, catering to patients across Haryana, Punjab, Himachal Pradesh, and Chandigarh.
Simultaneously, the board approved a 150-bed expansion at Grecian Super Speciality Hospital in Mohali, operated by subsidiary RGS Healthcare. The Mohali facility currently operates 350 beds at 73 per cent capacity utilisation as of Q3 FY2026. The expansion, estimated to cost approximately ₹40 crore, will be funded through internal accruals of RGS Healthcare and is expected to be completed within 18 months.
With these additions, Park Hospital’s consolidated capacity across the Tricity region will reach 850 beds. Dr. Ankit Gupta, managing director, stated that the expansion reflects the company’s commitment to developing centres of excellence in high-acuity care, strengthening capabilities in oncology, neurosciences, gastro sciences, and robotic surgeries.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.