Companies

Nova Medical enters Chennai, buys Helios Hospitals

Our Bureau Chennai | Updated on November 15, 2017




Ambulatory surgical centre group Nova Medical Centers has entered Chennai with the acquisition of Helios Hospitals in Velachery, a suburban hub in the city.

Nova has also commenced work at Alwarpet to set up a super-specialty short-stay surgical facility by June. In addition, Nova has commissioned a multi-specialty polyclinic in Adyar.

Mr Suresh Soni, CEO and Chairman of Nova Medical Centers, said, “We are delighted to add renowned orthopaedic surgeon Dr Nandakumar Sundaram to the Nova team. This collaboration with Dr Sundaram and Helios Hospitals will prove beneficial to both parties in terms of knowledge building.”

Helios Hospitals in Velachery and the satellite clinic for consultation and diagnostic in Adyar will run under the supervision of Dr Nandkumar Sundaram. Nova's upcoming super-specialty surgical centre in Alwarpet will offer services such as laparoscopy, gastro-intestinal surgery, bariatric surgery, orthopaedics, ENT, ophthalmology, paediatrics, vascular surgery, plastic surgery and pain management.

Currently, Nova has nine centres across Bangalore, Chennai, Mumbai, Jaipur and New Delhi. It is opening a centre in Muscat soon. Nova looks to set up 25 centres across India and West Asia in the coming years at an investment of $3 million per centre.

Nova Medical Centers was founded by New York-based private equity firm GTI Group and Dr Mahesh Reddy. In the initial round, Nova raised $3.5 million from GTI. This was followed by further investments by New Enterprise Associates and GTI.

Nova also entered in-vitro fertilisation by acquiring the IVF business of Ahmedabad-based Pulse Women's Hospital.

> swethak@thehindu.co.in

Published on February 03, 2012

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