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DSK Legal advised TPG backed Quality Care India Limited (“CARE”) in relation to the acquisition of significant majority stake of the shareholding of United CIIGMA Institute of Medical Sciences Private Limited (“CIIGMA”), along with its other group entities (collectively the “CIIGMA Group Entities”).
CARE Hospital Group, a part of the Evercare Group, the leading impact-driven healthcare group in South Asia and Africa, is a multi-specialty healthcare provider with 14 healthcare facilities in 6 cities across 5 states in India. CARE is a regional leader in south and central India and is amongst the top 5 pan-India hospital chains. CARE delivers comprehensive care in over 30 specialities.
CIIGMA owns and/or operates multi-specialty hospitals in Aurangabad and has one of the largest team of medical professionals in the Marathwada Region.
DSK Legal assisted on conducting the legal due diligence, drafting, negotiations, finalization and execution of definitive agreements and closing of the transaction.
DSK Legal team for the legal due diligence was led by Ms. Akanksha Tiwary (Principal Associate), Ms. Pooja Khanna (Principal Associate), Ms. Saumya Malviya (Senior Associate), Mr. Soham Roy (Senior Associate) and Ms. Sharmishtha Bharde (Associate).
DSK Legal team for the transaction documentation was led by: Mr. Hemang Parekh (Partner), Mr. Gaurav Mistry (Partner), Ms. Akanksha Tiwary (Principal Associate) and Ms. Saumya Malviya (Senior Associate).
DSK Legal team for the condition precedents and closing was led by: Mr. Hemang Parekh (Partner), Mr. Gaurav Mistry (Partner), Ms. Akanksha Tiwary (Principal Associate), Ms. Pooja Khanna (Principal Associate), Mr. Soham Roy (Senior Associate) and Ms. Saumya Malviya (Senior Associate).
Mr. Abhishek Singh Baghel (Associate Partner) advised on competition law aspects of the proposed transaction.