TT&A has advised InHealth, UK, on a cross-border share swap deal involving the sale of its radiology reporting division to Apollo Radiology International (ARI) and acquiring a significant minority stake in ARI for an undisclosed amount.
Partner Pratika Shankar and senior associate Chhavi Singhal led the TT&A transaction team.
Trowers and Hamlin were the international counsel for InHealth, with partner Benjamin O’Brien-McQueenie and associate Li Ying Teng leading the team.
AZB & Partners acted for Apollo Radiology, with partner Shriram Shah leading the team.
InHealth is the UK’s largest provider of diagnostic and screening services, and collaborates with a network of more than 50 radiologists to deliver teleradiology reporting services to numerous NHS partners.
This transaction with ARI enables InHealth to extend its reporting services to a broader network of NHS affiliates across the UK. Additionally, it facilitates the introduction of advanced services and cutting-edge technologies, further strengthening InHealth’s market position.
ARI, a part of the USD7.65 billion Apollo Hospitals Group, is a leading provider of interpretative and clinical radiological services to a wide network of healthcare providers in India and around the world.
ARI provides a 24×7 subspecialty radiology reporting facility led by a team of more than 200 Indian-trained radiologists.
