Nova Medical Centers (Nova), India’s leading day/short‐stay surgical care and Fertility clinics company, announced today it has secured an equity investment of INR 3 billion (approximately US$54 million) from Goldman Sachs NYSE: GS) and New Enterprise Associates (NEA). Goldman Sachs, a leading global investment bank, will invest INR 2.2 billion (approximately US$40 million).

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PRESS RELEASE
Nova Medical Centers Announces INR 3 billion Investment by Goldman Sachs and NEA
Funds to support continued expansion of specialty surgery and fertility businesses
Bangalore, India, August 13, 2012 ‐‐ Nova Medical Centers (Nova), India’s leading
day/short‐stay surgical care and Fertility clinics company, announced today it has secured an
equity investment of INR 3 billion (approximately US$54 million) from Goldman Sachs
(NYSE: GS) and New Enterprise Associates (NEA). Goldman Sachs, a leading global
investment bank, will invest INR 2.2 billion (approximately US$40 million). NEA, a leading
venture capital firm and initial investor in the company, will make an add‐on investment of
INR 800 million (approximately US$14 million). NEA had earlier invested US$15 million into
the company. The investments will be used to further expand the company’s specialty
surgery and fertility businesses.
Established in 2009, Nova develops, acquires, owns and operates day/short‐stay surgical
centers in partnership with surgeons across India and the Middle East. Nova's mission is to
provide world class surgical care that is affordable and conveniently located. Nova
pioneered the concept of short‐stay surgical care in India and undertakes procedures that
take 24‐72 hours from admission to discharge. A large majority of Nova's patients get
discharged the same day. In August 2011 Nova established a significant presence in the In‐
Vitro Fertilization (IVF) field by acquiring a majority stake in Pulse Women's Hospital, a well‐
established IVF clinic based in Ahmedabad. This was further enhanced by a joint venture
with IVI, Spain, the world leader in IVF technology. Nova provides upwards of 700 surgical
procedures, including specialties in Orthopaedics, Spine Surgery, General Surgery,
Gynaecology, Bariatric Surgery, ENT, Plastic & Cosmetic Surgery, Urology, Gastroenterology,
Ophthalmology, Pain Management and IVF.
Nova was co‐founded by renowned shoulder surgeon Dr. Mahesh Reddy and the GTI Group,
based on a “doctor‐owned and doctor‐managed” concept enabling doctors to have a sense
of ownership and a long‐term association with the company. The Nova infrastructure allows
leading surgeons from diverse specialties to focus solely on the patient’s health while the
company provides turn‐key hospital management in the form of a full complement of ultra‐
modern facilities and services.
Suresh Soni, Chairman and CEO, Nova Medical Centers, said, “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. This will ultimately better serve
India’s healthcare delivery services industry, surgeons and, most importantly, patients.”
“Both Goldman Sachs and NEA have extensive experience in investing in India and backing
healthcare companies that have gone on to become international institutions”, he added.
Ankur Sahu, Co‐Head of private equity in Asia at Goldman Sachs, said, “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.”
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Ankur Sahu and Harsh Nanda, Executive Director at Goldman Sachs, will join the Board of
Nova.
“Healthcare has always been a major focus for NEA globally and in India” said Ben Mathias,
Executive Director of New Enterprise Associates (India) Pvt. Ltd. “Backing healthcare
services platforms that improve quality, increase access and reduce costs is a proven
strategy for us and we are excited to continue our partnership with Nova.”
Goldman Sachs is active in private equity and principal investing in India. Since 2006, the
firm has deployed more than US$2 billion in India. Globally, Goldman Sachs has invested
over US$8 billion in the healthcare sector spread across more than 30 companies, including
Quorum, Drayer Physical Therapy and Max India.
About Nova Medical Centers
Nova Medical Centers is the parent Company of Nova Specialty Surgery and Nova IVI
Fertility. It currently has nine Specialty Surgery Centers and three In‐Vitro Fertilization (IVF)
Clinics.
Nova Specialty Surgery develops, acquires, owns and operates short‐stay surgical centers in
partnership with surgeons across India and the Middle East (in partnership with the OMZEST
group). Nova provides leading surgeons from diverse specialties with comprehensive ultra‐
modern facilities comprising doctor’s offices, operating rooms, pre and post operative
rooms, diagnostics, imaging, health check‐up area and a pathology laboratory. Nova
undertakes surgical procedures that take between 24‐72 hours from admission to discharge.
A large majority of Nova's patients get discharged the same day. This improves patient
experience and contains costs while increasing operating efficiency. Nova’s innovative
health services model offers unparalleled quality and affordability. Nova is also setting up an
Orthopaedic & Sports Medicine Centre in New Delhi, in partnership with world renowned
group of surgeons from New York, London and Germany.
Nova IVI Fertility is a joint venture between Nova Pulse, India and IVI, Spain which owns and
operates IVF centers across India. Founded in Valencia, Spain in 1990, IVI is the world leader
in reproductive medicine with 22 clinics spread across Europe and South America. Since its
inception, more than 50,000 new‐borns entered the world, thanks to the advanced
techniques in assisted reproduction practiced throughout the IVI network.
For further information, please visit www.novaspecialtysurgery.com and
http://www.novaivifertility.com
About NEA
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping
entrepreneurs build transformational businesses across multiple stages, sectors and
geographies. With approximately $13 billion in committed capital, NEA invests in
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information technology, healthcare and energy technology companies at all stages in a
company’s lifecycle, from seed stage through IPO. The firm's long track record includes
more than 175 portfolio company IPOs and more than 290 acquisitions. In the U.S., NEA has
offices in the Washington, D.C. metropolitan area; Menlo Park, California; and New York City.
In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai,
India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China.
For additional information, visit www.nea.com.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and
investment management firm that provides a wide range of financial services to a
substantial and diversified client base that includes corporations, financial institutions,
governments and high‐net‐worth individuals. Founded in 1869, the firm is headquartered in
New York and maintains offices in all major financial centers around the world.
Goldman Sachs has been serving Indian clients since the early 1990s and established an
onshore presence in India in December 2006 following a ten‐year joint venture. Today, it
serves leading corporate and institutional clients through corporate finance (investment
banking), equity sales and trading and fixed income securities businesses, as well as
providing macro‐economic and investment research and asset management services.
Goldman Sachs is also active in private equity and principal investing in India, deploying
more than US$2 billion in capital since 2006. In addition, the firm's 4,100‐person Bangalore
office provides critical support and service functions for Goldman Sachs around the world.
Media contacts:
Nova Medical Centers
Subramanian Ramachandran
Mobile: +91 95381 15558
Email: subramanian.ramachandran@novaspecialtysurgery.com
NEA
Girish Dikey
Ketchum Sampark
Mobile: +91 98922 00260
Email : girish.dikey@ketchumsampark.com
Goldman Sachs
Deepa Jayaraman
IPAN Hill & Knowlton
Tel: +91 22 2266 1755
Email: djayaraman@ipanhillandknowlton.com
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