Khaitan & Co acted as legal counsel to Perfios, a leading B2B software-as-a-service company, on its acquisition of IHX – A Perfios Company, a healthcare information exchange platform.
The firm managed all critical legal aspects of the transaction:
- Due Diligence: Conducted comprehensive review of IHX’s corporate records, customer contracts, data privacy and security compliance.
- Transaction Structuring: Advised on the share purchase mechanism, asset transfers, and indemnity frameworks.
- Documentation: Drafted and negotiated the share purchase agreement, data-sharing agreements, and ancillary transaction documents.
- Regulatory Approvals: Coordinated filings under the Competition Act, ensuring compliance with antitrust norms and sector-specific regulations relating to healthcare data.
The core Khaitan & Co deal team included:
- Sanjay Khan Nagra (Partner)
- Srikanth Mantravadi (Partner)
- Shivpriya Anil (Senior Associate)
- Maansi Reddy Basani (Senior Associate)
Support was provided by associates Smita Jha, Vinay Joy, and Srishti Ramkrishnan on transaction documentation and regulatory coordination.
Also Read: Khaitan & Co Advises Insight Partners on Investment in Open Destinations – Rail
Deal Overview
| Feature | Details |
|---|---|
| Acquirer/Issuer | Perfios |
| Target | IHX – A Perfios Company (healthcare information exchange) |
| Transaction Type | Acquisition |
| Sector | SaaS / Healthcare Information Technology |
| Deal Value | Undisclosed |
| Stake Acquired | 100% of issued shares |
| Status | Completed |
| Regulatory Approvals | Competition Act filings; sector compliance under IT Act |
Strategic Significance
This acquisition enables Perfios to broaden its product suite by integrating IHX’s robust healthcare data exchange platform with its existing financial data aggregation services. By combining healthcare and financial data capabilities, Perfios can offer enhanced analytics and decision‑support tools to sectors such as insurance, lending, and healthcare providers. The deal represents a clear step toward creating an integrated data ecosystem that spans multiple verticals.
Why It Matters
For legal and business professionals, this transaction underscores the rising importance of data-driven deal structuring and regulatory compliance in cross‑sector tech M&A. The integration of healthcare data platforms into financial SaaS offerings highlights evolving client demands for unified data solutions. It also reflects broader market trends where technology providers seek to consolidate complementary platforms to deliver end-to-end services, reinforcing the need for specialized legal counsel in navigating sector‑specific regulations and antitrust considerations.
This Deal Alert provides key insights into how targeted acquisitions can drive product innovation and market expansion in India’s dynamic technology landscape.
Also Read: S&R Associates Advises Oswal Pumps on ₹1,387 Crore IPO
For more legal deal updates and analysis, stay tuned to TheCourtroom.in
Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
