India, Dec. 22 -- image credit- freepik

Park Medi World Limited,North India's second largest chain of hospitals,has agreed to acquireKP Institute of Medical Sciences (KPIMS), in anall-cash transactionamounting to Rs245 crore.The transaction involves theacquisitionof theentire existing shareholdingofKPIMS.

The acquisition adds amajor tertiary-care healthcare facilitywith atotal capacityof360 bedsand aligns perfectly withPark Medi World's cluster-based growth strategy, whichfocusesonoperational efficienciesandeconomiesofscalebydeveloping hospitalsinclose geographic proximity.

The transaction furtherstrengthensthePark Group's presencein key urban centresacrossNorth India.The Institute is expected to add immediate value following integrati...