Economic Laws Practice advised Max Healthcare Institute Limited on expanding its hospital network through leasing arrangement with VR Konkan Private Limited.

Max Healthcare Institute Limited (MHIL), one of India’s leading private healthcare providers, has entered into an agreement with VR Konkan Private Limited for development on a built-to-suit basis cum lease of a 500-bed multi-specialty hospital in Thane. This strategic deal will enhance MHIL’s presence in the rapidly developing suburban area of Mumbai with a state-of-the-art hospital offering world-class medical services to the people.

ELP served as the transaction advisor for MHIL. ELP undertook comprehensive title due diligence on the larger land owned by VR Konkan Private Limited and played a pivotal role in structuring the deal. By identifying the roles & responsibilities, obligations, potential risks and liabilities and understanding the future plans, ELP ensured that all aspects were carefully addressed and thoroughly negotiated in the transaction documents. This meticulous approach supported MHIL to achieve a seamless and successful closure.

The team was led by Partner Heena Chheda assisted by Senior Associates Shweta Iyengar and Yash Modi.

Source: Economic Laws Practice