Stratage assists Marengo’s 100% takeover of Pratiksha Hospital

Stratage assists takeover of Pratiksha Hospital

Stratage Law Partners acted for Marengo Asia Healthcare on its 100% acquisition of W Pratiksha hospital in Gurugram.

Stratage advised on the transaction, drafting of the deal documents and negotiating on behalf of Marengo as well as conducting legal due diligence.

The transaction team was led by partner Shyam Pandya, senior associate Aasim Syed and associate Meha Patel. Associate manager Khushrav Kumana led the legal due diligence team with associates Vishakha Dube and Medha Nagpal. Investment bankers, Indium Capital Advisors also assisted the team.

Marengo Asia Healthcare acquires or partners with accredited, clinically sound hospitals to integrate them under the Marengo Asia Hospital brand, the chain said.

Marengo Asia Hospitals has expanded its footprint in the Delhi National Capital Region by acquiring the 250-bed hospital that offers multiple specialties in Gurugram.