TMI Healthcare, the entity operating People Tree Hospitals, has been acquired by Fortis Healthcare for a consideration of ₹430 crore.
The transaction encompasses 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.
Poovayya & Co acted as the exclusive sell-side legal advisor to People Tree Hospitals on this acquisition. The Firm team advised on drafting, reviewing, and negotiating the transaction documents.
The transaction team was 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). They were supported by:
Dharmendra Chatur (Partner), with Ishi Prakash (Senior Associate), and Vishal K (Associate) on Dispute Resolution aspects.
Savitha KG (Partner), with Swarna Shenoy (Partner), Mohan Krishna (Senior Associate), and Pranav N (Associate) on Real Estate transactions.
AZB & Partners advised Fortis Healthcare on this acquisition.
The transaction marks the acquisition of People Tree Hospitals’ facility in Yeshwanthpur, Bengaluru.
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