AZB & Partners along with Poovayya & Co. advised on Fortis Healthcare’s ₹430 crore acquisition of People Tree Hospital.

The transaction marks the acquisition of People Tree Hospitals’ facility in Yeshwanthpur, Bengaluru, and represents a significant milestone in the ongoing consolidation of the Indian healthcare sector.

The transaction was undertaken by Fortis Healthcare’s wholly owned subsidiary, International Hospital Limited, and also included the acquisition of the hospital building, the underlying land, and an adjacent land parcel, enabling operational continuity and future expansion.

AZB & Partners advised Fortis Healthcare Limited on its acquisition of People Tree Hospital in Yeshwanthpur, Bengaluru, through the 100% acquisition of TMI Healthcare Private Limited, the entity under which the hospital operates.

The AZB deal team comprised of Senior Partner Daksh Trivedi, Partner Aman Jain, Associates Tvisha Dikshit and Srishti Kaushal. They were supported on the due diligence aspects by Associate Himanshi Sheoran; on the real estate aspects by Partners Shahrukh Khan, Malini Raju, Counsel Vidhyadhare Siddappaji and Associates Archit Bansal, Nishant T. Thakur, and Ann Mary Helen; and on the competition law aspects by Senior Partner Hemangini Dadwal and Associate Deepanshu Poddar.

Poovayya & Co. Acted as the exclusive sell-side legal advisor to People Tree Hospitals on the transaction.

The Poovayya & Co. Transaction team was led by Partner Siddhartha George, with Partner Dharani Polavaram, Partner Harini Sudersan, Principal Associate Bilal Lateefi, Senior Associate Vibhuti Tyagi, Senior Associate Shagun Singh, Associate Satyajit R. Nair, and Associate Bharani Tadimalla. The disputes team was led by Partner Dharmendra Chatur, with Senior Associate Ishi Prakash and Associate Vishal Kumar. The real estate team was led by Partner Savitha Guruswamy, with Partner Swarna Shenoy, Senior Associate Mohan Krishna, and Associate Pranav N.