AZB advises ADB on healthcare financing

AZB & Partners advises ADB on healthcare financing

AZB & Partners advised the Asian Development Bank when it signed a ₹1 billion (US$13.8 million) debt financing agreement with Global Health, which operates and manages hospitals under the Medanta brand.

AZB & Partners’ team included partners Gautam Saha and Ambarish Mohanty, and senior associate Pragya Sood.

The financing, which will provide essential healthcare services and medical equipment to help combat the covid-19 pandemic, was announced on 15 February. It is part of a US$20 billion assistance package announced by the bank in April 2020 to help its developing-nation members manage the pandemic.