Deal Street

December 21, 2018

DSK Legal, Dua Associates assist Ashiana Housing, GRSIndia in Management Agreement


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Ashiana Housing Ltd in a recent Press Release stated that it has entered into a Management Agreement with Genesis Rehabilitation Services India Pvt. Ltd. to manage and operate Utsav Care Homes - Bhiwadi (Rajasthan), a part of Senior Living development Ashiana Utsav.

The Release stated, “Genesis Rehabilitation Services India Pvt. Ltd. (GRSIndia), an operator of Senior Care and Rehabilitation Services, will offer various levels of Senior Care Services, including Independent Living, Assisted Living, Memory Care, Long Term Care and Rehabilitation Services across India. GRSIndia is poised to offer seniors the quality care they need as they are aging. In addition to pioneering new and innovative clinical and rehabilitation services in India, the Company looks to provide seniors with the independence and lifestyle that they are accustomed to.”

The Release added, “GRSIndia has a strategic partnership with Genesis Rehabilitation Services LLC, International Operations (GRS International Operations), a USA company located in Kennett Square Pennsylvania to leverage their operational, management, nursing, and rehabilitation multi-site management expertise to deliver positive outcomes geared towards the health and well-being of seniors in India.”

The Release concluded, “Ashiana believes that this arrangement with GRSIndia will enhance the quality of care being provided in Utsav Care Homes along with the expertise that GRS International Operations is known for.”

LAW FIRMS INVOLVED:

Ashiana was represented by DSK Legal. The team included Partner Niraj Kumar and Principal Associate Prachi Gupta.

GRSIndia was advised by Dua Associates.

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