Park Medi World Enters 28-Year O&M Agreement for 300-Bed Hospital in Kanpur
Park Medi World will operate and manage a 300-bed multi-super speciality hospital in Kanpur under a long-term O&M arrangement.
Park Medi World Expands Hospital Operations in Kanpur
Park Medi World Limited has expanded its hospital operations in Uttar Pradesh through an O&M agreement signed by its wholly-owned subsidiary, Aggarwal Hospital and Research Services Private Limited (AHRSPL), with Axis Educational Society (AES).
Under the agreement, Park Group will operate and manage Axis Hospital and Research Centre, a 300-bed multi-super speciality hospital in Kanpur. The arrangement has a tenure of 28 years.
Agreement Details
- Hospital: Axis Hospital and Research Centre
- Location: Kanpur, Uttar Pradesh
- Capacity: 300 beds
- Agreement: Operations and Management (O&M)
- Tenure: 28 years
- Parties: AHRSPL and Axis Educational Society
What to Watch Next
Investors may track the commissioning of the Kanpur facility and the pace at which the hospital scales its operations after becoming operational. The company's further expansion in Uttar Pradesh through asset-light arrangements could also remain a key development to watch.
Disclaimer: The information provided is for informational purposes only and should not be considered investment advice or a recommendation to buy or sell securities.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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