Tenet Medcorp Private Limited, operating under the name Tenet Diagnostics, has successfully raised $30 million in investment. This funding round was led by Tata Capital Healthcare Fund III in collaboration with Blue Earth Capital. The legal advisory for Tata Capital Healthcare during this transaction was provided by DMD Advocates.
The transaction required comprehensive legal due diligence on Tenet Diagnostics and its subsidiaries, alongside the preparation and finalization of essential transaction documentation. The legal team at DMD Advocates was spearheaded by Vihang Virkar, the Lead Partner of the Mumbai Corporate Practice Group, with significant contributions from Partner Monika Deshmukh. The team further included Principal Associate Pooja Shah and Associates Disha Jain, Vanshikha Choraria, and Nardeep Chawla.
Founded in 2018, Tenet Diagnostics has rapidly established itself as a prominent integrated diagnostics platform in India. The company operates over 35 radiology and pathology centers across 14 states and runs a nationwide B2B laboratory network, offering an impressive array of more than 3,000 super-specialty tests.
For those interested in having their deals, columns, or press releases published on Bar & Bench, a submission form is available here.
