Vizag Hospital and Cancer Research Centre Private Limited has proposed selling shares in Vizag Hospital to HealthCare Global Enterprises Limited (HCG) for an Enterprise Value of ₹4,140 million.
The transaction is set to occur in multiple tranches. HCG will initially acquire 51% of the equity share capital in Vizag Hospital in the first tranche and plans to complete the second tranche, acquiring 34% of the equity share capital, within the next 18 months.
The remaining 15% of the equity share capital in Vizag Hospital may be acquired through a time-bound call option or put option.
JSA represented Vizag Hospital and Cancer Research Centre Private Limited and its shareholders in this transaction.
The transaction team included Lead Partner Varun Sriram, Principal Associate Varsha Srinivasan, and Associate Nandini Menon V.
Vizag Hospital operates a comprehensive cancer care hospital in Vishakhapatnam, Andhra Pradesh. It features 196 operational beds and advanced medical infrastructure, led by renowned onco-surgeon Dr. Murali Krishna Voonna.