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Nova Specialty Surgery, a premier short-stay surgical center, opened its first center in Koramangala, Bangalore, in May 2009. The company has been floated by New York-based private investment company GTI Capital Group LLC and Dr. Mahesh Reddy, one of India's eminent shoulder specialists. GTI Capital Group LLC conceived and incubated Nova. The GTI Capital Group LLC is the largest shareholder in Nova, and will continue to provide business leadership and business development acumen to the company. This will include forging strategic partnerships with internationally renowned health care providers, practitioners and regulatory bodies. The entry of New Enterprise Associates (NEA) as an investor is driven by NEA's strong domain expertise in the healthcare sector. NEA is a leading venture capital and growth equity firm. The firm's 30-year track record of successful investing spans the healthcare, information technology and energy technology sectors. This includes outpatient healthcare facilities in the US. Nova's primary business is short-stay surgeries. The firm's business model is based on a partnership between the company and surgeons from multiple specialties in each center. Nova Specialty Surgery plans to develop 25 such centers across India by 2012. Each center has 4 - 5 operating rooms and is equipped with state-of-the-art-equipment to undertake surgical procedures. The pre- and post-operating rooms are equipped with gas lines, monitoring equipment, defibrillators and are supervised by duty doctors and trained staff. Although the focus is on short-stay surgeries, each center has provisions for overnight stay including doctors and nurses. In addition to surgical facilities, the center has outpatient consulting rooms and diagnostics. Nova's Management and Advisory Board include very experienced professionals who are amongst the pioneers in the field of short-stay surgeries. Patient care and safety is at the core of Nova's ethos. Nova's doctors and facilities utilize the latest technologies including surgical techniques, advances in anaesthesia and equipment, especially those related to minimally-invasive procedures such as arthroscopy and laparoscopy. |