DSK Legal act for CARE Hospital Group acquiring majority stake in CIIGMA
DSK Legal advised TPG backed Quality Care India Limited (“CARE”) in connection with the acquisition of majority stakes
DSK Legal act for CARE Hospital Group acquiring majority stake in CIIGMA
DSK Legal advised TPG backed Quality Care India Limited ("CARE") in connection with the acquisition of majority stakes of United CIIGMA Institute of Medical Sciences Private Limited ("CIIGMA"), along with its other group entities (collectively the "CIIGMA Group Entities").
A multi-speciality healthcare provider - CARE Hospital Group is a part of the Evercare Group - a leading impact driven healthcare group in South Asia and Africa. CARE is a regional leader in South and Central India, amongst the top 5 pan-India hospital chains. With Evercare Group having 14 health care facilities in six cities across five states in India, CARE Delivers comprehensive expertise in over 30 specialties.
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 in 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.