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Khaitan & Co advised ABC Impact on the structuring of the transaction and the negotiation and finalisation of the transaction documents, including the shareholders’ agreement, composite scheme of arrangement and implementation agreement.
This strategic combination unites Healthify’s pioneering consumer AI technology with Berry Street’s insurance-covered clinical care network in the United States. The combined business will be co-led by Noah Kotlove (CEO of Berry Street) and Tushar Vashisht (CEO of Healthify) as co-CEOs.
The business transfer agreement was signed on August 17, 2026; and closing of the sale is subject to completion of the conditions set out under the business transfer agreement.
The Seller, a holding company of Medicover held ~65% in SHCPL, and SHCPL in turn has 5 subsidiaries which together operate 26 hospitals across Telangana, Andhra Pradesh, Karnataka and Maharashtra.
The transaction results in a full exit for the Company’s existing shareholders, True North and Temasek, Reeba Chacko, Senior Partner; provided strategic guidance.