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Park Medi World’s arm to operate and manage 300-bed hospital in Kanpur
Sep-16-2026

Park Medi World’s wholly owned subsidiary -- Aggarwal Hospital and Research Services has entered into operation and management agreement with Axis Educational Society (AES) for operating and managing a 300-bed multi-super speciality hospital, namely Axis Hospital and Research Centre located in Kanpur, Uttar Pradesh. The facility--an established hospital will be renovated and re-equipped--and will be commissioned by the end of the current financial year, to be operated under the arrangement for a term of 28 years.

Under the O&M model, Park Group will assume complete operation and management of the hospital on an asset-light basis-- investing in renovation, modernisation and medical equipment, and operating the facility under a long-term arrangement without an upfront acquisition of land or building. This capital-efficient structure allows the Group to add operational bed capacity rapidly at a fraction of the capital required for an owned or a greenfield facility. The 300-bed facility, spread over approximately 1.2 lakh square feet of covered area, will be brought up to Park Group's clinical and infrastructure standards ahead of commissioning, and will offer a comprehensive range of multi-super speciality services to Kanpur and its surrounding catchment. 

Park Medi World, operating under the brand 'Park Hospital', is the second largest private hospital chain in North India. The company is the Holding Company of Park Group of Hospitals.


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