Subscribe for perks & to support LI

Your Interests & Preferences: Personalise your reading

Which best describes your role and/or interests?

I work in a law firm
I work for a company / in-house
I'm a litigator at the bar
I'm a law student
Aspiring law student
Save setting
Or click here to show more preferences...

I am interested in the following types of stories (uncheck to hide from frontpage)

Firms / In-House
Legal Education

Always show me: (overrides the above)

Exclusives & Editor's Picks

Website Look & Feel

Light Text on Dark Background

Save preferences

Note: Your preferences will be saved in your browser. You can always change your settings by clicking the Your Preferences button at the top of every page.

Reset preferences to defaults?

DSK, D&D Delhi, Goulds on healthcare services firm BR Life $31.2m buy of Odisha Kalinga Hospital

Bengaluru-based leading healthcare services firm and an affiliate of the NMC Group, BR Life has completed a significant stake acquisition of 96% in Odisha’s first super speciality healthcare centre, Kalinga Hospital for an estimated Rs 200 crores (around $31.2m) in two tranches, as reported byThe Pioneer. Inaugurated in the year 1990 by the then Chief Minister Biju Patnaik, Kalinga Hospital is built on a 10 acre land leased by Odisha government and was set up by 54 NRI Odias under the name of Hospital Corporation of Orissa, a company registered in the US.

DSK Legal assisted Hospital Corporation of Orissa in the structuring, execution and closing of the transaction and the team was led by partner Satish Kishanchandani, principal associate Mayank Mehta and associate Sameer Raina.

Chicago-based firm Gould & Ratner advised Hospital Corporation of Orissa on the US law aspects of the transaction.

A Delhi-based team of Desai & Diwanji advised BR Life in the deal.

Subhransu Biswal, the managing partner of ZuesnJove Consultants acted as the investment banker on the transaction.

Owned by Padma Shri Dr BR Shetty who is the founder-chairman of the UAE-based NMC Healthcare, BR Life aims to expand its healthcare services in Odisha by planning to set up multiple hospitals and to take over various hospitals for providing better healthcare services to 20,000 patients across India. The current acquisition is directed towards helping Kalinga Hospital retain its glory in the past two decades wherein the people of the state will be provided super speciality treatment at affordable costs by building new hospital building apart from launching an advanced OT, radiation therapy treatment, advanced sports injury treatment on the hospital premises.


This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.

No comments yet: share your views

Latest comments