Quality Care Announces Appointment of Dr Hari Prasad as Group Chairman & Non-Executive Director

Varun Khanna as Group Managing Director to Drive the Next Leg of Growth

India

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Hyderabad/New Delhi, April 04, 2024:

Quality Care, India’s largest emerging-cities focused healthcare provider, backed by marquee global investors Blackstone and TPG, has hired two industry veterans, Dr Hari Prasad as the Group Chairman & Non-Executive Director and Varun Khanna as the Group Managing Director to drive the platform’s rapid growth in South Asia.

Dr Hari Prasad, with over 30 years of experience, was most recently the President of Apollo Group Hospitals, where he played a pivotal role in shaping the journey of Apollo Hospitals having overseen the growth from c.1,200 beds to c.10,000 beds today. He also serves as the Executive Chairman of Society for Emergency Medicine, India. He has been honored with a Fellowship by Royal College of Emergency Medicine, UK and International Federation of Emergency Medicine. He was also the campus Dean for global MD program of Macquarie University, Australia. He has helped establish Apollo Health City in Hyderabad, Asia’s first operational health city. Dr. Hari Prasad brings to the organization his vast clinical expertise, unwavering focus on quality and learnings from many firsts in the field of medical science.

Varun Khanna has more than 14 years of experience in the healthcare sector and was most recently the Managing Director of Healthcare Business & Investments at Siloam Hospitals Group, Indonesia (a $2bn market cap hospital chain), where he grew EBITDA from c.$30m to c.$130m and the Chairman at Sahyadri Hospitals, India. He has been a key figure in growing mature multinational med-tech companies and healthcare organizations across India, South Asia and ASEAN. In addition, he has served as a National Executive Board Member of AMCHAM, Chairman of the AdvaMed India Working Group and Executive Committee, Co-Chair of the FICCI Health Services Committee, and Secretary and Treasurer of NATHEALTH.

The three hospital chains within Quality Care comprising 4,500+ beds: KIMSHEALTH led by Chairman & Managing Director – Dr M. I. Sahadulla; CARE Hospitals led by Chief Executive Officer, Mr Jasdeep Singh; and Evercare Bangladesh led by CEO and Managing Director, Dr Ratnadeep Chaskar shall all continue to be driven by the existing leadership teams. The addition of Dr Hari Prasad and Varun Khanna will further strengthen Quality Care’s mission of bridging the quality healthcare gap in South Asia.

Dr Hari Prasad, Group Chairman & Non-Executive Director of Quality Care, said: “It is with great pleasure that I take on the Group Chair responsibility at a platform having an ethos of providing quality healthcare across underserved cities in India and South Asia. I am delighted to work with the talented clinical and management team to drive the legacy of Quality Care forward with better clinical outcomes and build quality at scale. I look forward to collaborating with the Board, the existing leadership team and the 1,500 member strong clinical team at CARE to achieve the broader vision of providing quality healthcare.”

Commenting on his appointment, Varun Khanna said: “I am excited to lead Quality Care, a platform touching 2.5bn+ lives every year and built on values of clinical excellence and driven by a group of exceptional, proven leaders. The individual teams at CARE, KIM’S HEALTH and Evercare have built a strong legacy of delivering quality care to its patients and I look to carry forward the transformational healthcare journey and scaling the company to the next level. I remain committed to all stakeholders – patients, clinicians, nursing and administrative personnel, suppliers, and shareholders.”

Ganesh Mani, Senior Managing Director at Blackstone, said: “We are delighted to welcome Dr. Hari Prasad and Varun Khanna, two distinguished executives who bring a wealth of industry expertise, leadership experience, as well as a passion for delivering the best quality healthcare. Along with investments in infrastructure, talent and technology, this high pedigree leadership team will expand Quality Care to be a quality-focused healthcare leader.”

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