Zulekha Healthcare Group UAE (ZHG) has sold Alexis Hospital, a 200 bedded multispecialty hospital in Nagpur, to Max Healthcare. The deal is reportedly valued at Rs. 412 crores.

ALMT Legal advised Zulekha Healthcare Group on this transaction.

The transaction team was led by Statira Ranina (Senior Partner) and Sheetal Mishra (Principal Associate) advised on the end-to-end transaction.

Aliff Fazelbhoy (Senior Partner) and Diya Gabija (Principal Associate) advised on taxation.

Ryna Karani (Senior Partner) and Vishal Vora (Senior Associate) advised on real estate and property matters.

Nishith Desai Associates represented Max Healthcare on this transaction.

The transaction team consisted of Nishchal Joshipura, Harshita Srivastava, Chandrashekhar K, Ankit Porwal and Anurag Shah.

The due diligence team consisted of Darren Punnen, Varsha Rajesh and Palomita Sharma.

Economics Laws Practice (ELP) also represented Max Healthcare on this transaction. The Firm conducted the due diligence of Alexis Multispecialty Hospital and other properties held by Alexis and its promoter and further acted as the legal advisors for finalising the property related documents.

The transaction team was led by Heena Chheda (Partner) & assisted by Shweta Iyengar (Senior Associate).

This acquisition strengthens Max Healthcare's footprint in Western India and will enable the provisioning of best-in-class clinical care to all patients in the region.

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