Hospital Deal: AZB on Crosslay Remedies acquisition of Sahara Hospital, Lucknow

Crosslay Remedies Limited, a wholly owned subsidiary of Max Healthcare Institute Limited, is set to acquire 550 bed Sahara Hospital, Lucknow for an enterprise value of ~₹940 crore.

AZB & Partners acted for Crosslay Remedies on this acquisition deal.

Our deal team consisted of Niladri Maulik (Senior Parter), Siddharth Khanna (Partner), Anisha Dash (Associate), Purvi Lhila (Associate) and Samarth Shandilya (Associate).

The due diligence team consisted of Aman Jain (Senior Associate), Samarth Shandilya (Associate), Mohit Sharma (Associate) and Vidit Parmar (Associate).

IBC related aspects for the proposed transaction were led by Anindita Roy Chowdhury (Senior Partner) and Sushrut Garg (Associate).

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