AZB & Partners advised Fortis Healthcare Limited (“FHL”) on the acquisition of People Tree Hospital in Yeshwanthpur, Bangalore (“PTHY”) by way of a 100% acquisition of TMI Healthcare Private Limited, the entity under which PTHY business operations reside. This acquisition was undertaken by FHL’s wholly owned subsidiary, International Hospital Limited (“IHL”), along with the acquisition of the building and the underlying land of PTHY and an adjunct land parcel.
Our AZB deal team comprised of Senior Partner Daksh Trivedi, Partner Aman Jain, Associates Tvisha Dikshit and Srishti Kaushal. They were supported on the due diligence aspects by Associate Himanshi Sheoran; on the real estate aspects by Partners Shahrukh Khan, Malini Raju, Counsel Vidhyadhare Siddappaji S and Associates Archit Bansal, Nishant T. Thakur, and Ann Mary Helen; and on the competition law aspects by Senior Partner Hemangini Dadwal and Associate Deepanshu Poddar. Special thanks to Senior Partner Hardeep Sachdeva for his invaluable inputs on the real estate aspects.