Deal Closed | Manipal Health Enterprises Private Limited | Acquisition of 100% Share Capital of Columbia Asia Hospitals Private Limited

Sector: Healthcare

Announcement Date:02-Nov-2020

Name of Client: Manipal Health Enterprises Private Limited

Name and Description of Acquirer: Manipal Health Enterprises Private Limited | India

Manipal is in the business of owning, running, managing and advising hospitals, healthcare centres or clinics, the provision of healthcare services and undertaking any activities in the hospital or healthcare sector (including hospital properties). Manipal is one of India's largest multi-speciality healthcare providers.

Name of Target and Sellers:Columbia Asia Hospitals Private Limited | India | Target 

International Columbia 2004 | Mauritius | Seller 

Deal Description: Khaitan advised Manipal Health Enterprises Private Limited (“Manipal”) in relation to the acquisition of 100% share capital of Columbia Asia Hospitals Private Limited, a company which operates a chain of hospitals and is engaged in the business of operating, providing and/or managing healthcare facilities in India under the brand of “Columbia Asia Hospitals”. 

Team Members: The core transaction team consisted of Bharat Anand, (Partner), Aditya Patni, (Partner), Aditya Singha, (Principal Associate), Shaima Khan, (Senior Associate), Shivam Tandon (Senior Associate) and Suraj Prasad Meher (Associate) with assistance from the following teams:

Competition / Antirust Law aspects: Manas K Chaudhuri, (Partner), Pranjal Prateek, (Principal Associate), Swati Bala (Senior Associate) and Armaan Gupta (Associate);

Employment Law aspects: Anshul Prakash, (Partner), Abhinav Rastogi (Principal Associate) and Abhisek Choudhury (Associate);

Real Estate aspects: Avnish Sharma (Partner), Gaurav Dasgupta (Partner), Harsh Parikh (Partner), M Nikhilesh Rao (Partner), Sudheer Madamaiah (Partner),  Sneha Oak Joshi (Principal Associate),  Avinash Balakrishna (Senior Associate), Amruthavarshini (Senior Associate), Anisha Aatresh (Senior Associate), Harshit Anand (Associate), Meherasp Mistry (Associate) and Arjun Narayanan (Associate);

Regulatory aspects: Atul Pandey (Partner), Moin Ladha (Partner), Susmit Pushkar (Partner), Hirak Mukhopadhyay (Senior Associate) and S. Mohammed Raiz (Senior Associate);

Litigation aspects: Jeevan Ballav Panda (Partner) and Shalini Sati Prasad (Principal Associate);

Data Protection aspects: Harsh Walia (Partner) and Piyush Ranjan (Senior Associate);

Direct Tax aspects: Indruj Singh Rai (Partner); and

Due Diligence aspects: Aditya Patni (Partner), Rohit Ambast (Counsel), Aditya Singha (Principal Associate), Nimisha Trehan (Principal Associate), Shaima Khan (Senior Associate), Suraj Prasad Meher (Associate), Deeksha Agarwalla (Associate) and Ananya Mukherjee (Associate). 

Role of Firm: Legal Due Diligence; Transaction Documents: drafting, negotiation and finalisation of the definitive agreements; and Regulatory: diligence and facilitation of regulatory approvals (regulatory approvals are yet to be applied for by the parties)

Other legal advisors: Milbank LLP, Singapore  and Cyril Amarchand Mangaldas