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Deal Closed | Suraksha Diagnostic Private Limited | Purchase of the diagnostic business of Future Medical and Research Trust

Khaitan & Co advised Suraksha Diagnostic Private Limited.

The details of the deal are: 

Sector: Healthcare

Completion Date: 24th July 2020

Name of client: Suraksha Diagnostic Private Limited

Name of counter party: Future Medical and Research Trust (“FMRT”) 

Deal Description: Advised Suraksha Diagnostic Private Limited in relation to the purchase of the diagnostic business of Future Medical and Research Trust (FMRT) as a going concern, on a slump sale basis.

Total consideration: confidential 

Deal team members: Arindam Sarkar (Partner), Prithwijit Gangopadhyay (Principal Associate) and Riya Dutta (Senior Associate) 

Role of the firm: We acted as the transaction counsel to the Client and assisted them with all aspects of the business transfer transaction including: (a) conducting a limited legal due diligence on FMRT’s diagnostic business; (b) reviewing, negotiating and finalising the transaction documents; and (c) assisting and advising the Client on execution, pre-completion and completion related formalities.

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