Saraf and S&R take action regarding partnership between Fortis and Gleneagles Healthcare
Fortis Healthcare and Gleneagles Healthcare Announce Strategic Collaboration
In a significant move for the Indian healthcare sector, Fortis Healthcare and Gleneagles Healthcare India have announced a strategic collaboration for the operation and maintenance services of six facilities under Gleneagles India.
The legal advisors for this collaboration were appointed by both parties, with Saraf and Partners advising Fortis Healthcare, and S&R Associates representing IHH Healthcare, the parent company of both Fortis Healthcare and Gleneagles Healthcare India.
For S&R Associates, the transaction team was led by Partners Rajat Sethi and Raya Hazarika, who focused on corporate and competition law matters. The competition practice for this transaction was led by Partner Simran Dhir. Associates Prerana De, Sehaj Mahajan, Ritik Mohapatra, and Stuti Dhundia were also part of the S&R Associates team. Meanwhile, Akshat Kulshrestha, another Partner at S&R Associates, was part of the competition team.
On the other hand, the transaction team for Fortis Healthcare was led by Partners Vaibhav Kakkar, Sahil Arora, and Debarpan Ghosh from Saraf and Partners.
It's worth noting that no specific team members from S&R Associates were mentioned in the advisement of IHH Healthcare. However, Partner Niti Dixit from S&R Associates advised on litigation matters for Fortis Healthcare.
This collaboration is a part of Fortis Healthcare's strategic expansion in the Indian healthcare sector. Interestingly, the recent advisory work of Cyril Amarchand Mangaldas did not involve this particular deal, as their recent focus has been on other transactions.
In summary:
| Entity | Legal Advisor | Role | |----------------------|-------------------------|--------------------------------------------------| | IHH Healthcare | S&R Associates | Represented IHH in strategic collaboration | | Fortis Healthcare | Saraf and Partners | Advised Fortis in operation & maintenance agreement|
- This strategic collaboration between Fortis Healthcare and Gleneagles Healthcare India in the healthcare sector could potentially lead to advancements in science and health-and-wellness.
- Concurrently, deals-and-discounts might emerge in the finance and business domains, as both parties could leverage their combined resources for shopping and lifestyle improvements.
- Law firms like Saraf and Partners and S&R Associates play a crucial role not just in the operation and maintenance of healthcare facilities but also in driving expansion plans for businesses in various sectors, such as healthcare, finance, and lifestyle.
