Goldman Sachs Bets Big in India with Nova Investment
August 14, 2012
No doubt betting that healthcare in a rapidly advancing India will be a major growth industry, Goldman Sachs Private Equity Group—along with New Enterprise Associates—has injected $54 million in venture funding for Nova Medical Centers, an operator of specialty surgery and outpatient care centers in India. NEA, which is providing $14 million in this deal, had previously invested $15 million in the Bangalore-based healthcare company. Nova Medical expects to use the funding to expand its operations across India in surgery and fertility services.