GTI to invest $50-60 Million in Nova Medical Centers India
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GTI to invest $50-60 Million in Nova Medical Centers India
New Delhi: Global Technology Investment Group (GTI), a New York based private equity firm, has invested in day care surgery center chain Nova Medical Centers India. The private equity firm will invest around $50-60 million to set up centers across the country, reported VC Circle. The firm has opened its first facility in Bangalore. Day care surgery centers carry out non-critical procedures like cosmetic, eye and gynecology. Experts believe that approximately 70 percent of the surgeries carried out in hospitals can be done in day-care centres. Nova plans to have 100 centers across the country in the next three years, said CEO Suresh Soni in a release. Dr. Mahesh Reddy is also one of the founders, board members and director of operations for Nova Medical. Nova plans to partner with physicians to open up centres. Nova will give a stake of up to 35 percent to surgeons and doctors as incentive to attract more talent. Such a strategy will also help it scale rapidly across the country. Each facility will have doctor's facilities, pathology labs, pharmacy, operating rooms and imaging with around 30 physicians. "We provide physicians everything with that they need to get started and succeed. We know how to control costs while maintaining superior quality and efficiency, and we continuously work to improve each center's performance and patient experience," said Soni.

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