Khaitan, CAM, Milbank act on Manipal acquisition of Columbia Asia Hospitals

Ranjan Pai-led hospital chain Manipal Health Enterprises has acquired Columbia Asia Hospital Group’s Indian assets for Rs.1,800 crore. Manipal Health will also absorb Rs. 300 crore of Columbia Asia’s debt..Khaitan & Co advised Manipal Health and the team was led by Partners Bharat Anand and Aditya Patni along with Principal Associate Aditya Singha, Senior Associates Shaima Khan, Shivam Tandon and Associate Suraj Prasad Meher.The Competition Law aspects were handled by Partner Manas K Chaudhuri along with Principal Associate Pranjal Prateek, Senior Associate Swati Bala and Associate Armaan Gupta.Partner Anshul Prakash, with Principal Associate Abhinav Rastogi and Associate Abhisek Choudhury dealt with the Employment Law aspects..Real Estate aspects were dealt by Partners Avnish Sharma, Gaurav Dasgupta, Harsh Parikh, M Nikhilesh Rao, Sudheer Madamaiah, along with Principal Associate Sneha Oak Joshi, Senior Associate Avinash Balakrishna, Amruthavarshini, Anisha Aatresh and Associate Harshit Anand, Meherasp Mistry and Arjun Narayanan..Regulatory aspects were handled by Partners Atul Pandey, Moin Ladha, Susmit Pushkar with Senior Associate Hirak Mukhopadhyay and S. Mohammed Raiz..The Litigation aspects were handled by Partner Jeevan Ballav Panda and Principal Associate Shalini Sati Prasad..Partner Harsh Walia and Senior Associate Piyush Ranjan handled the Data Protection aspects..Direct Tax aspects were dealt by Partner Indruj Singh Rai..Due Diligence was done by Partner Aditya Patni, Counsel Rohit Ambast with Principal Associate Aditya Singha , Nimisha Trehan, Senior Associate, Shaima Khan and Associates, Suraj Prasad Meher, Deeksha Agarwalla and Ananya Mukherjee..Cyril Amarchand Mangaldas acted for Columbia Asia and the team was led by Partner Rishi Gautam.Milbank LLP, Singapore too acted for Columbia Asia..The purchase of the assets of the Malaysian group allows Manipal to use the Columbia Asia brand for a year, during which the company will look at moving it to the Manipal brand.The acquisition will help Manipal Health add more than 1,300 beds across 11 hospitals in India, the hospital chain said. The combined entity will have 27 hospitals across 15 cities with more than 7,200 beds, and around 4,000 doctors and more than 10,000 employees, reported Mint.