“Radiant agrees to acquire control of Max Healthcare: The entity resulting from the Radiant-Max Healthcare acquisition will be India’s third largest hospital chain by revenue,” reported Mint. It would create the fourth-largest entity in the space by capacity, with over 3,200 beds in 16 hospitals across India. “In a five-step process, Radiant will first buy a 49.7% stake in Max Healthcare, a unit of Max India Ltd, from South African hospital operator Life Healthcare in an all-cash deal. Thereafter, Max Bupa and Antara Senior Living, two other units of Max India, will be separated into a new entity and shareholders of Max India will receive one share each of the new company for every five shares held.”
The deal size was approximately $293m, according to ET.
AZB & Partners Delhi office acted for
AZB & Partners Mumbai office acted for
Nishith Desai Associates acted for
L&L Partners acted for
2018-12-25
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.
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