We are glad to announce that the promoters of RGS Healthcare Ltd (“RGS Healthcare”) have divested 100% stake in Mohali based RGS Healthcare which owns the 400 bedded Grecian Super Specialty Hospital to the Park Group of Hospitals. The transaction is one of the largest deals for a multi-specialty hospital in the state of Punjab.
Advay Capital Advisors Private Limited (“Advay”) was the exclusive financial advisor to RGS Healthcare and its promoters for the transaction. Advay provided transaction advisory services involving positioning the opportunity to a relevant list of leading healthcare players, generating multiple offers through a tightly run process, driving comprehensive financial, legal & other diligence exercises, leading negotiations on behalf of RGS Healthcare, and its promoters, managing stakeholder interests, valuation and transaction structuring and leading negotiations on the definitive agreements resulting in a successful transaction closure.
“We have had an exceptional experience with the Advay team with regard to the sale of our hospital. They have specialised knowledge of the healthcare space and made great efforts to obtain the best value for our business. I would recommend them unreservedly for their ability to successfully close transactions and deliver outstanding results." - Dr. Shivpreet Singh Samra, Promoter of RGS Healthcare.
The deal further strengthens Advay team’s track record in Healthcare Transaction Advisory having concluded many of the largest deals in the space extending coverage across multiple geographies in the country for a pan India deal closure record.
Some of the marquee healthcare delivery transactions advised exclusively by the Advay team include:
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Sale of controlling stake in CIIGMA Group of Hospitals to TPG backed CARE Hospitals
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Majority investment in the largest hospital chain in Western India, Sahyadri Hospitals by Everstone Capital for USD ~145 Mn,
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Sale of premium 600 bedded hospital in NCR region to a leading hospital chain,
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Majority investment in the largest hospital chain in Eastern India, Medica Synergie by Temasek backed Sheares Healthcare Group for USD ~100 mn,
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Private equity of USD 210+ Mn over 3 separate Private equity rounds by Aster DM Healthcare,
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Majority stake sale by Lucknow based Medics International Lifesciences to Apollo Hospitals,
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Sale of majority stake in Global Hospitals to the 2nd largest hospital chain in the world, IHH Healthcare Berhad,
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PE raise of USD ~50 Mn by Dr Agarwal’s Eye Hospital – India’s largest eye care chain,
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Private equity raise by Dr Mohan’s Diabetes Specialities – India's No. 1 Diabetes care provider,
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Sale of majority stake in Hyderabad based Continental Hospitals to IHH Healthcare Berhad.
