BR Life, a Bengaluru-based leading healthcare services firm, has acquired about 96% of Odisha’s first super-speciality corporate healthcare centre, Kalinga Hospital in Bhubaneswar, for about Rs 200 crore. The hospital is built by 54 NRI Odias under the name of Hospital Corporation of Orissa; a US based and registered company. It is a 10 acre land leased by Odisha government.DSK Legal with...
BR Life, a Bengaluru-based leading healthcare services firm, has acquired about 96% of Odisha’s first super-speciality corporate healthcare centre, Kalinga Hospital in Bhubaneswar, for about Rs 200 crore. The hospital is built by 54 NRI Odias under the name of Hospital Corporation of Orissa; a US based and registered company. It is a 10 acre land leased by Odisha government.
DSK Legal with a team led by Partner Satish Kishanchandani, Principal Associate Mayank Mehta and Associate Sameer Raina acted for Hospital Corporation of Orissa in the structuring, execution and closing of the transaction.
Desai & Diwanji assisted BR Life in the deal.
Hospital Corporation of Orissa sought advice from a Chicago-based firm Gould & Ratner on the US law aspects of the transaction.
Subhransu Biswal, the Managing Partner of ZuesnJove Consultants performed as the investment banker in the deal.
BR Life, which is owned by Padma Shri Dr BR Shetty, has vision to expand the provision of healthcare services by building many hospitals to garner Padma Shri Dr BR Shetty. With this acquisition, Kalinga Hospital seeks to regain 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 and other services.