Medicover Healthcare, the leading private healthcare organization in central and eastern Europe, has retained boutique healthcare and environment law firm Trust Legal to advise on its US$100 million investment in India’s healthcare sector.
Medicover focuses on four lines of business: prepaid healthcare and medical services, occupational medicine services, laboratory services and health insurance. In India, it plans to set up around 50 fertility clinics over the next three years. Initially, it intends to kick-start operations with four clinics in the Delhi and National Capital Region area, with plans for further expansion by the end of the year in North India.
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The company originated in Warsaw 20 years ago and is now the region’s largest private sector employer of medical professionals, with more than 8,500 medical staff out of a total of more than 12,000 staff members.
Trust Legal has conducted three due diligence exercises to assist Medicover in opening its clinics in the Delhi and National Capital Region area. The team was led by partner Ritwika Nanda with assistance from senior associate Petal Chandhok and associate Sakaar Srivastava.
The team, along with managing partner Sudhir Mishra, will continue to advise Medicover on the legal and regulatory compliance related to establishing, acquiring and operating its fertility clinics across India. This will include advice on policy and regulation relating to laws on assisted reproductive techniques and surrogacy, drafting and conveyancing of property documents, collaboration agreements, titles, due diligence, labour law and environmental law.
“Trust Legal represents major healthcare and medical device companies in India and their assistance on day-to-day basis is critical for us,” said Gaurav Malhotra, the managing director and CEO of Medicover Healthcare.
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