Park Medi World is set to strengthen its presence in Uttar Pradesh with a major public-private partnership (PPP) project in Prayagraj. The healthcare group has received a mandate from the Prayagraj Municipal Corporation to develop and operate a 550-bed multi-speciality hospital, backed by an estimated investment of ₹200 crore.
550-Bed Hospital to Come Up Near Arail Ghat
The proposed hospital will be developed on a 3.22-acre site allotted by the Municipal Corporation behind Arail Ghat in Prayagraj. Park Medi World is expected to complete construction within two years from the appointed date and operate the facility under a 45-year lease agreement.
Municipal Corporation to Support Construction Costs
As part of the PPP arrangement, the Prayagraj Municipal Corporation will reimburse ₹76.52 crore towards construction expenses, covering nearly 38% of the project’s planned capital outlay. The remaining investment is expected to be funded through Park Medi World’s internal accruals.
Expansion Opportunity Built Into the Project
The company will also have the option to acquire an additional 2.47 acres from the fifth year after commercial operations begin. This provision could support future expansion of the hospital and healthcare services at the site.
Park Medi World’s UP Footprint to Grow
The Prayagraj project will add to Park Medi World’s existing and planned infrastructure in Uttar Pradesh. The group currently operates a 360-bed hospital in Agra and is developing a 400-bed facility in Gorakhpur. With the Prayagraj hospital, its total capacity in the state is expected to reach around 1,260 beds.
Group Eyes 6,300-Bed Capacity
Park Group currently operates 17 hospitals with approximately 4,300 beds across 15 cities. With its ongoing expansion plans, including the Prayagraj project, the group’s overall capacity is projected to rise to nearly 6,300 beds.
The project is expected to expand access to tertiary healthcare in Prayagraj while strengthening Park Medi World’s long-term growth strategy through government partnerships and capital-efficient expansion.
