Khaitan & Co advises Manipal Hospitals on acquisition of stake in Medica

May 25, 2024
The deal amount is valued at ₹1,400 crore.

Manipal Health Enterprises Private Limited has signed a binding agreement to acquire 87% stake in Kolkata-based hospital chain Medica Synergie for ₹1,400 crore.

Khaitan has been a law firm of choice for Manipal Hospitals. Last year. Khaitan helped Manipal in acquiring controlling interest in AMRI Hospitals, which had hospitals in West Bengal and Orissa.

This acquisition of Synergie will only strengthen the holding of Manipal in eastern part of India.

Khaitan & Co advised Manipal Hospitals on this transaction.

The core team consisted of Bharat Anand (Partner), Aditya Patni (Partner), Kevin Peter (Counsel), Vishakha Singh (Principal Associate), Tushar Bakshi (Senior Associate) and Priyanka Priyadarshini (Associate) with support from the following teams:

Employment law: Abhinav Rastogi (Partner), Ajeta Anand (Associate) and Ransher Singh (Associate);

Real Estate : Gaurav Dasgupta (Partner) and Nikunj Jhunjhunwala (Senior Associate);

Anti-trust: Pranjal Prateek (Partner) and Armaan Gupta (Senior Associate);

Trust related advisory: Sachin Bhandawat (Partner)

The acquisition is in line with Manipal Hospitals’ strategy of expanding its footprint and presence in Eastern India as the leading hospital chain in the region.

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