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November 15, 2011

Indian healthcare group to set up new surgical facilities

India's Nova Medical Centers is planning to invest Rs5bn ($99m) to expand its operations.

India’s Nova Medical Centers is planning to invest Rs5bn ($99m) to expand its operations.

The ambulatory surgery group plans to introduce 25 daycare surgical facilities across India and West Asia by 2013.

Each facility will include operation theatres, consulting rooms, imaging, pathology laboratory and pharmacies with all the necessary equipment, staff and doctors.

Nova Medical Center co-founder and executive director Mahesh Reddy said that around Rs1bn ($19.8m) will come from internal accruals and the rest Rs4bn ($79m) will be raised from investors.

Nova operates six clinics in Delhi, Mumbai and Bangalore, and carries out non-critical procedures.

Nova Medical is also planning to set up 20 clinics in the next three years.

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