DaVita Healthcare Partners has purchased a 49% stake in Express Clinics, a chain of multi-specialty healthcare clinics located in Pune, Delhi, Mumbai and Bangalore.
Express Clinics offers diagnostic facilities through doctor consultations, pathology and radiology, and drug screening.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”3″ ihc_mb_template=”2″ ]
US-based DaVita Healthcare is the parent company of DaVita Kidney Care, which provides dialysis services to patients with chronic kidney failure and end-stage renal disease. DaVita Kidney Care has dialysis centres in China, Colombia, Germany, India, Malaysia, the Netherlands, Poland, Portugal, Saudi Arabia, Singapore and Taiwan.
“We’re exceptionally excited to deliver primary and multi-specialty care in India,” said Kent Thiry, co-chairman and CEO of DaVita HealthCare. “What is perhaps most exciting is the opportunity to partner with one of the top primary, multi-specialty players in that arena, Express Clinics.”
Economic Laws Practice advised Express Clinics, its promoters, and existing shareholders Somerset Indus Capital Partners and Lotus Management in relation to the sale. The team included partner Sujjain Talwar, associate partner Vinayak Burman, senior associate Archana Khosla and associate Amoolya Narayan.
AZB & Partners advised DaVita on the transaction.
[/ihc-hide-content]
