Nova Medical Centres, a day/short-stay surgical care company, has secured an equity funding of Rs 300 crore from Goldman Sachs and New Enterprise Associates (NEA).
Goldman Sachs, a leading global investment bank, will invest approximately Rs 220 crore. NEA, a leading venture capital firm and initial investor in the company, will make an add-on investment of Rs 80 crore.
“This investment is consistent with our strategy to partner with experienced management teams and owners to build high quality businesses of scale in under-served sectors critical to India's growth,” said Ankur Sahu, Co-Head of private equity in Asia, Goldman Sachs.
Ankur Sahu and Harsh Nanda, Executive Director at Goldman Sachs, are to join the board of Nova.
The company set up in 2009, develops, acquires, owns and operates day/short-stay surgical centres in partnership with surgeons across India and West Asia.
“This landmark investment from Goldman Sachs and NEA will accelerate the expansion of Nova's footprint across the country both organically as well as through acquisitions,” said Suresh Soni, Chairman and CEO, Nova Medical Centres.