Wockhardt Hospitals ties-up with Umrao Institute of Medical Sciences and Research
18 Nov, 2014

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The Amarchand & Mangaldas team led by Mumbai based Corporate Partner, Ashish Jejurkar acted as the legal counsel for Wockhardt Hospitals Limited in connection with its strategic revenue sharing tie-up with the Umrao Institute of Medical Science and Research ('TUIMSAR').

TUIMSAR is a public charitable trust pursuant to which Wockhardt shall operate and manage Umrao Hospitals, a 330 bed super specialty tertiary care hospital situated at Mira Road, Mumbai under the 'Wockhardt Hospitals' brand name, conduct educational medical courses at the hospital and be entitled to all revenues from the operations of the hospital.

The Management and Operation Agreement and the Leave and License Agreement were executed on July 2014 with the deal closing in November 2014. KK Associates, Mumbai acted as the legal counsel to the Umrao Institute of Medical Science and Research.

Tuesday, November 18, 2014. Source: legalera.in

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