Novo Holdings has made a primary investment in Surya Hospitals as well as a secondary investment by acquiring shares held by Sealink Capital Partners in Surya Hospitals.

Argus Partners advised Surya Hospitals and its promoter Dr. Bhupendra Avasthi on the overall transaction.

The transaction team consisted of Krishnava Dutt (Managing Partner), Abhinav Bhalaik (Partner), Aayush Kumar (Partner) and Associates Paridhi Rastogi and Anoushka Goel.

Aayush Kumar and Associates Paridhi Rastogi, Vishakha Somani, Anoushka Goel assisted on due diligence.

Trilegal advised Novo Holdings on this transaction. The Firm advised on all aspects of the transaction, including legal due diligence on Surya Hospitals, structuring of the proposed transaction, negotiations, drafting and finalisation of the transaction documents, and assistance with execution as well as pre-closing and closing matters.

The transaction team was led by Abhishek Guha (Partner) and Tanya Uppal (Partner), with support from Vijay Chawla (Associate).

Surya Hospitals is the largest private women’s and children’s specialty hospital chain in Western India. Established in 1984, the group operates specialty hospitals across Mumbai, Pune, and Jaipur, offering comprehensive services in obstetrics and gynaecology, neonatal and paediatric intensive care, fertility, and paediatric sub-specialties. Surya Hospitals is widely recognised for its clinical excellence, strong patient outcomes, and highly regarded medical teams.

Novo Holdings’ investment will support Surya Hospitals’ next phase of growth, including the expansion of its footprint across Western India, continued buildup of the clinical infrastructure, and the strengthening of its specialist medical teams. 

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