Mooroopna police Leading Senior Constable Steve Williams said the man was walking along the Midland Hwy at night between Shepparton and Mooroopna when he was struck by a vehicle.
The man was walking towards Mooroopna while facing towards the oncoming traffic which was travelling east on his side of the road, Leading Sen Const Williams said.
He was hit by a vehicle, which then drove off, leaving him on the side of the road.
A passing motorist found him between KidsTown and the Goulburn River and called 000 at about 7.15pm.
Leading Sen Constable Williams said the man, who is aged about 50, received significant head injuries and multiple fractures, but said the injuries were not believed to be life threatening at this stage.
An Ambulance Victoria spokesperson said he was taken by ambulance to Goulburn Valley Health in a stable condition with serious injuries.
A Goulburn Valley health spokesperson said he was taken to a Melbourne hospital on Friday morning by ambulance in a stable condition.
Police do not know what time the hit-and-run happened, but believe it would not have been long before he was found by the passer-by.
Leading Sen Constable Williams said the man was conscious and talking to police at the scene.
He said the driver of the vehicle that hit the man would have known they had hit something.
Police are still looking for the driver of the vehicle.
Anyone with any information about what happened or who has dash-cam footage in the area at the time is asked to contact Leading Sen Constable Williams at Mooroopna police on 5825 4131 or Crime Stoppers on 1800 333 000.
THURSDAY: A man has been hospitalised with serious injuries after police believe he was hit by a vehicle in Mooroopna on Thursday, September 15.
Police believe the man was struck by an unknown vehicle on the Midland Hwy about 7.15pm.
It’s believed the man is in his 50s.
The exact circumstances of the incident are unknown and police are investigating.
Anyone with information, dashcam or CCTV footage, or who witnessed the incident is urged to contact Crime Stoppers on 1800 333 000 or online at www.crimestoppers.com.au