Nova Medical Buys Majority Stake in Excel Hospitals Kanpur

Short-stay surgical care and fertility clinics’ company, Nova Medical Centres will acquire a majority interest in Excel Hospitals, Kanpur, for an undisclosed amount.

As part of the first phase of its expansion plans, Nova will begin the renovation of the hospital and in the interim will run operations in the hospital.

In August, Nova Medical Centres had received an investment of Rs 300 crore from Goldman Sachs and venture capital fund New Enterprise Associates (NEA).