Corporate Updates

Nova medical centre gets an investor

Global investment bank Goldman Sachs will be investing in Nova Medical Centers, who have led the way in establishing the idea of day/short-stay surgical care in the country. Goldman Sachs will invest INR 2.2 billion.

NEA, a leading venture capital firm, has also announced that it will make an add-on investment of INR 800 million. Nova operates day/short-stay surgical centers in partnership with surgeons across India and the Middle East. It pioneered the concept of short-stay surgical care in India and undertakes procedures that take 24-72 hours from admission to discharge.

A large majority of Nova’s patients get discharged the same day. Nova provides around 700 surgical procedures in orthopaedics, spine surgery, general surgery, gynaecology, bariatric surgery, ENT, plastic & cosmetic surgery, urology, gastroenterology, ophthalmology, pain management and IVF. Nova was based on a ‘doctor-owned and doctor-managed’ concept enabling doctors to have a sense of ownership and a long-term association with the company. It recently grabbed headlines in the city when it announced a centre for teen bariatric surgery.

Suresh Soni, chairman and CEO, Nova Medical Centers, said, “This landmark investment will ultimately better serve India’s healthcare delivery services industry, surgeons and, most importantly, patients.”

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