Poovayya & Co. acted as the exclusive sell-side legal advisor to People Tree Hospitals in its acquisition by Fortis Healthcare, involving an acquisition consideration of ₹430 crores. Our team advised on drafting, reviewing, and negotiating the transaction documents.
The transaction involves the 100% acquisition of TMI Healthcare, the entity operating People Tree Hospitals and hiving off certain identified undertakings of TMI Healthcare. It encompasses the complete acquisition of the hospital business, including its infrastructure and the underlying land, along with an adjacent land parcel from a third party, thereby ensuring operational continuity and enabling future expansion.
The transaction marks the acquisition of People Tree Hospitals’ facility in Yeshwanthpur, Bengaluru, and represents a significant milestone in the ongoing consolidation of the Indian healthcare sector.
This engagement underscores Poovayya & Co.’s continued focus on complex M&A transactions in the healthcare space, delivering pragmatic and comprehensive legal solutions.
🔹Transaction Team:
Led by Siddhartha George (Partner), with Dharani V.Polavaram (Partner), Harini Sudersan (Partner), Bilal Lateefi (Principal Associate), Vibhuti Tyagi (Senior Associate), Shagun Singh (Senior Associate), Satyajit Nair (Associate), and Bharani Tadimalla (Associate)
🔹Disputes Team:
Led by Dharmendra Chatur (Partner), with Ishi Prakash (Senior Associate), and Vishal K (Associate)
🔹Real Estate Team:
Led by Savitha KG (Partner), with Swarna Shenoy (Partner), Mohan Krishna (Senior Associate), and Pranav N (Associate)
Fortis Healthcare was represented by AZB & Partners, Delhi.
22 December 2025
