The Economic Times 14 August 2012
BANGALORE: Short-stay surgery provider Nova Specialty Surgery has raised 300 crore from Goldman Sachs and existing investor New Enterprise Associates, to expand its network of centres and fertility clinics in the country.
The private equity arm of Goldman Sachs Group, which led the round, has invested 220 crore for a 26% stake in the company that makes it the largest shareholder. Other investors in the company include Omani industrial group OMZEST and GTI Group, a New York-based investment firm.
“It is a very tough global environment to raise funds, especially so in India, ” said Suresh Soni, founder and chairman of Nova.
Bangalore-based Nova which has raised $90 million so far, plans to set up 25 new specialty surgery centres across India and the Middle East in next two years, as demand for ambulatory services rises across the region.