Khaitan & Co has guided India’s second-largest healthcare provider, Manipal Hospitals, on its $168 million acquisition of an 87 percent stake in Kolkata-based hospital chain Medica Synergie from Sheares Healthcare, who were advised by J. Sagar Associates.
The acquisition is in line with Bengaluru-based Manipal Hospitals' strategy of expanding its footprint and presence in Eastern India as the leading hospital chain in the region, the company said in a press release.
The Khaitan team on the deal was led by partners Bharat Anand and Aditya Patni and included counsel Kevin Peter, principal associate Vishakha Singh, senior associate Tushar Bakshi and associate Priyanka Priyadarshini.
Partners Abhinav Rastogi (employment), Gaurav Dasgupta (real estate), Pranjal Prateek (antitrust) and Sachin Bhandawat (trusts) assisted with their subject matter expertise.
The JSA team advising sellers Sheares Healthcare was led by partners Vikram Raghani and Varun Sehgal, and included of counsel Yashvi Singh, and associates Vaishnavi Vyas and Darshin Pareekh.
