Malaysia’s IHH Healthcare Bhd through its subsidiary Gleneagles Development Pte Ltd (GDPL) is buying a 73.4% stake in India-based Ravindranath GE Medical Associates (Global Hospitals) for $195 million..J. Sagar Associates acted for Ravindranath GE Medical Associates with a team led by Partner Aarthi Sivanandh, Senior Associate Bhavna Alexander and Associates Bharat Sridhar and Revathy Muralidharan..Khaitan & Co acted for GDPL with a team led by Partners Haigreve Khaitan and Anand Mehta along with Principal Associate Supratim Chakraborty and Associate Soumyadri Chattopadhyaya..PDS Legal acted for sellers – Estra Enterprises and Worldwide Advisory, Singapore, The team was led by Vihang Virkar, Monika Deshmukh and Ayesha Rai..Global Hospitals is a chain of tertiary/ quaternary care hospitals in India having facilities across Hyderabad, Chennai, Bangalore and Mumbai with approximately 1,100 operational beds in total. The acquisition of Global Hospitals is aimed to boost IHH’s beds globally to more than 8,000 across 44 hospitals in 10 countries, according to the release.
Malaysia’s IHH Healthcare Bhd through its subsidiary Gleneagles Development Pte Ltd (GDPL) is buying a 73.4% stake in India-based Ravindranath GE Medical Associates (Global Hospitals) for $195 million..J. Sagar Associates acted for Ravindranath GE Medical Associates with a team led by Partner Aarthi Sivanandh, Senior Associate Bhavna Alexander and Associates Bharat Sridhar and Revathy Muralidharan..Khaitan & Co acted for GDPL with a team led by Partners Haigreve Khaitan and Anand Mehta along with Principal Associate Supratim Chakraborty and Associate Soumyadri Chattopadhyaya..PDS Legal acted for sellers – Estra Enterprises and Worldwide Advisory, Singapore, The team was led by Vihang Virkar, Monika Deshmukh and Ayesha Rai..Global Hospitals is a chain of tertiary/ quaternary care hospitals in India having facilities across Hyderabad, Chennai, Bangalore and Mumbai with approximately 1,100 operational beds in total. The acquisition of Global Hospitals is aimed to boost IHH’s beds globally to more than 8,000 across 44 hospitals in 10 countries, according to the release.