Park Medi World Signs 28-Year Kanpur Hospital Agreement; Shares Fall 0.70%

Mumbai September 16: Park Medi World Limited has entered into a long-term Operations and Management Agreement with Axis Educational Society to operate and manage a 300-bed multi-speciality hospital in Kanpur, Uttar Pradesh, for a period of 28 years.

The agreement has been signed through Aggarwal Hospital and Research Services Private Limited, a wholly owned subsidiary of Park Medi World. The hospital will operate under the name Axis Hospital and Research Centre.

Park Medi World To Operate 300-Bed Hospital In Kanpur

According to the company’s exchange filing, Axis Educational Society owns the hospital located at Milestone 478, Chakari Road, Hathipur, Rooma, NH-2, Kanpur, Uttar Pradesh.

The facility is spread across approximately 1.2 lakh square feet of covered area. Before commissioning, the hospital will be renovated, modernised and equipped to provide a wider range of multi-speciality healthcare services to residents of Kanpur and nearby areas.

Under the agreement, Park Medi World will take complete responsibility for the hospital’s operations and management. The arrangement is structured on an asset-light basis, meaning the company will operate the facility without acquiring the underlying land or building.

The agreement is expected to become effective no later than April 1, 2027.

Revenue Share And Financial Terms OfThe Agreement

As per the regulatory disclosure, Aggarwal Hospital and Research Services Private Limited will pay Axis Educational Society a revenue share equivalent to 6% of collections, subject to applicable taxes.

The agreement includes a minimum guaranteed payment of ₹20 lakh per month, inclusive of GST, during the first year from the effective date. From the second year onwards, the minimum monthly payment will be ₹20 lakh plus GST.

The arrangement does not involve any equity exchange or acquisition of the hospital’s land or building. The company has described the agreement as an operating and management arrangement in the ordinary course of business.

Stock Market Snapshot

The Park Medi World share price stood at ₹277.20, down ₹1.95 or 0.70%, as of 10:33:40 AM IST on September 16, 2026, according to the market data shown.

The stock opened around ₹279 and moved towards the ₹280 level during the early part of the session. It later weakened and touched a low near ₹273 before recovering partially.

At the latest available timestamp, the shares were trading below the ₹280 level visible on the chart. The price movement reflects the market position during the session and should not automatically be treated as a direct reaction to the hospital agreement.

Kanpur Expansion Supports Asset-Light Growth Strategy

Park Medi World said the agreement strengthens its presence in Uttar Pradesh and supports its strategy of expanding through a mix of owned, public-private partnership and asset-light operating models.

Kanpur is a major industrial and commercial centre in Uttar Pradesh. The company believes the city and its surrounding areas offer scope for additional organised healthcare services.

The hospital’s renovation and re-equipment programme is expected to bring the facility in line with Park Group’s clinical and infrastructure standards. Once operational, the hospital will provide multi-speciality healthcare services to Kanpur and its surrounding catchment.

Park Medi World Continues Hospital Network Expansion

Park Group is one of India’s hospital operators, with a presence across several cities in North India. The group currently operates 17 hospitals with a combined capacity of approximately 4,300 beds, according to the company’s press release.

With the addition of the Kanpur facility, the group’s planned network capacity is expected to increase to around 6,600 beds as further hospitals and expansion projects are completed.

The group has a presence in cities including Delhi, Gurugram, Faridabad, Panipat, Karnal, Sonipat, Ambala, Mohali, Patiala, Bathinda, Behror, Jaipur, Ganganagar, Rudrapur, Gorakhpur, Prayagraj and Kanpur.

Its healthcare services cover areas such as cardiology, neurology, oncology, orthopaedics, gynaecology, critical care, nephrology, organ transplants and child health.

Conclusion

The 28-year Operations and Management Agreement gives Park Medi World access to a 300-bed hospital in Kanpur without requiring an upfront acquisition of the property.

The company will manage the renovation, modernisation and operation of the facility under an asset-light model. The agreement includes a 6% revenue share for Axis Educational Society, along with a minimum monthly payment structure.

The development forms part of Park Medi World’s wider expansion strategy in Uttar Pradesh and its effort to grow through a combination of owned, partnership-led and asset-light healthcare facilities.

Meanwhile, the Park Medi World share price was trading at ₹277.20, down ₹1.95 or 0.70%, as of 10:33:40 AM IST on September 16, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/PARKHOSPS/Park-Medi-World-Limited
• https://nsearchives.nseindia.com/corporate/PARKMEDIWORLD2025_16092026102422_intimation1609.pdf