Omzest launches JV with top India firm
Muscat, March 11, 2012
Omzest, a diversified business group in Oman, has launched a joint venture (JV) with Nova Medical, an India-based ambulatory surgery group.
Nova Medical Centers is a 51:49 per cent JV between Nova and the Omzest Group. Additionally, Omzest has acquired a 12.5 per cent stake in Nova’s Indian operations.
The JV has commenced operations with the launch of a state of the art polyclinic in Al Khuwair.
The Nova Polyclinic will have a panel of super-specialists consultants. Additionally, the polyclinic is equipped with comprehensive diagnostics including a pathology lab, digital x-ray, and ultrasound.
Rajiv Dhar, executive director - Finance, Omzest, said: “We are delighted to be partnering with Nova. We have seen how Nova has, in a short span of time, gained acceptance across the healthcare industry amongst doctors, patients and insurance companies. We see tremendous potential for Ambulatory Surgery in general and Nova’s business model in particular, both in the Middle East and India.”
Suresh Soni, chairman and CEO, Nova Medical Centers, said: “Omzest as a JV partner gives us the confidence to bring the best in healthcare to Oman and the region. Nova’s unique operating model is designed for rapid scale. Leading doctors from Oman, UK and India have expressed great interest in our concept and are looking forward to working with us.”
Nova has pioneered the concept of stand-alone Ambulatory Surgery Centres in India. This venture will generate international career opportunities for doctors, clinical and non-clinical staff associated with Nova centres across the GCC, a statement said. – TradeArabia News Service