Surya Hospitals Partners with Novo Holdings for Next Phase of Growth

Surya Hospitals, a leading women’s and children’s healthcare centre in India, today announced the exit of private equity partner Sealink Capital Partners and the induction of Novo Holdings as a new strategic investor.

Founded in 1984, Surya Hospitals has a legacy of over four decades and is widely recognised as a centre of excellence for women’s, neonatal, and paediatric care. The Group operates a network of superspecialty hospitals across Mumbai, Pune, and Jaipur. While maternal health remains a core pillar, Surya has evolved into a comprehensive, superspecialty institution delivering advanced care across complex Gynaecology, Neonatology, Paediatrics, and multiple surgical super-specialities. Over the past four decades, Surya has built a strong reputation as a trusted referral destination for complex cases, serving patients from across Western India and beyond.

Surya Hospitals is known for its deep medical capabilities and consistently compelling patient outcomes. The network’s commitment to clinical excellence is exemplified by neonatal survival rates exceeding 97%, comparable to leading global benchmarks, as supported by its advanced infrastructure and a multidisciplinary model of care. The Group’s strength lies in the calibre of its doctors across specialties, including highly regarded Neonatologists, Paediatricians, and Obstetricians, many of whom are recognised leaders in their respective fields. Beyond clinical delivery, Surya Hospitals has a strong academic and teaching legacy. The Group is an accredited teaching centre for several state and national training programmes, contributing meaningfully to the development of specialised clinical talent in maternal, neonatal, and paediatric healthcare. All Surya Hospitals facilities are NABH-accredited, reflecting the Group’s consistent adherence to high standards of patient safety, clinical governance, and quality of care. The Group contributes meaningfully to improved health outcomes for women and children, supporting India’s efforts to strengthen its healthcare system in areas of critical need.

Over the next three to five years, Surya Hospitals plans to expand its footprint across Western and Central India while strengthening its presence in existing markets. This expansion will be pursued through a combination of new hospital developments and strategic acquisitions, with a continued focus on Paediatric Super-Specialities, Neonatology, complex Gynaecology, and quaternary care for women and children.

Novo Holdings’ investment will support Surya Hospitals’ next phase of growth, including geographic expansion, continued strengthening of clinical infrastructure, and further enhancement of specialist medical teams. The partnership brings together Surya’s established clinical leadership with Novo Holdings’ long-term, engaged ownership approach and its connectivity across a global healthcare ecosystem.

Commenting on the development, Dr Bhupendra Avasthi, Chairman and Managing Director, Surya Hospitals, said:

We are delighted to welcome Novo Holdings as a strategic investor. Their long-term perspective, deep understanding of healthcare, and global experience make them an ideal partner for Surya Hospitals. This partnership will support our growth ambitions while reinforcing our commitment to delivering the highest standards of care for women and children, led by some of the best clinicians in the country.

Anil Agarwal, Group Chief Financial Officer, Surya Hospitals, said:

This transaction reflects the strength of Surya Hospitals’ operating platform, clinical outcomes, and disciplined approach to growth. The partnership with Novo Holdings enhances our ability to fund organic expansion and selective acquisitions, while maintaining financial discipline, prudent leverage, and a strong focus on sustainable cash flows and value creation.

Amit Kakar, Managing Partner and Head of Asia at Novo Holdings, said:

Specialised healthcare delivery is a key focus for Novo Holdings in India, particularly in areas where clinical quality and outcomes are paramount. Surya Hospitals has built an exceptional reputation over decades for excellence in women’s and children’s care, underpinned by outstanding doctors and strong clinical outcomes. We are pleased to partner with Surya as a long-term investor and support its ambition to broaden access to high-quality maternal and paediatric care.

Navjeewan Khosla, Partner at Novo Holdings Asia, added:

India is a long-term strategic healthcare market for Novo Holdings, supported by strong demographic fundamentals and increasing demand for specialised, high-acuity care. Structural trends such as urbanisation and rising maternal age are reshaping healthcare delivery, and we believe platforms like Surya Hospitals, with deep clinical expertise and a focused care model, are well positioned to meet these evolving needs at scale.

Following the investment, Amit Kakar and Navjeewan Khosla will join the board of directors at Surya Hospitals, and Hulbert Soh, Principal at Novo Holdings Asia, will join as board observer.

About Novo Holdings

Novo Holdings is a holding and investment company responsible for managing the assets and wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation. Wholly owned by the Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk A/S and Novonesis A/S (formerly Novozymes A/S) and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure, and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seed, Venture, Growth, Asia, Planetary Health, and Principal Investments teams, Novo Holdings invests in life sciences companies at all stages of development. As of year-end 2024, Novo Holdings had total assets of EUR 142 billion. www.novoholdings.dk

Further Information

Dr. Hardik Thakker
Chief Marketing Officer
Surya Hospitals
drhardik.thakker@suryahospitals.com