R. Basil joins Apollo Hospitals Group as Executive President
Mumbai, 29th January 2010: Asia largest and most trusted healthcare group, Apollo Hospitals has chalked an ambitious roadmap for the decade ahead. Outlining growth plans, Dr. Prathap C Reddy, Chairman - Apollo Hospitals Group said, "I am humbled and grateful to be conferred with the prestigious Padma Vibhushan and would like to thank the Government for recognising me for this honour. Apollo Hospitals has been blessed with the trust of over 18 million patients and also by the Government of India with a commemorative postage stamp in recognition of the group's contribution to healthcare. We have now planned an investment of Rs. 1,800 crores over the next 24 months and expect to have bed strength of around 13,500 beds across 70 operational hospitals in India and overseas markets."
He added, "By mid-February 2010, Apollo Hospitals will open its 47th Hospital in the Temple City of Bhubaneswar with 300 beds, modern diagnostic equipments and super-speciality services including neonatal ICUs, five operation theatres and eight dialysis beds. The hospital will be connected to the other national and international centres through a dedicated telemedicine network."
International Finance Corporation (IFC) recently sanctioned a $50-million term loan to Apollo for expansion of its Reach Hospitals. The first three Apollo Reach Hospitals will soon be operational and the financing for the first phase, that involves setting up of 20 Apollo Reach Hospitals, is in place.
Complementing the leadership team at Apollo, Mr. R Basil has joined as the Executive President - Healthcare. Based at the corporate headquarters in Chennai, he will lead the Hospitals Division of Apollo Hospitals Group. Welcoming him to the Apollo Family, Dr. Prathap C Reddy, Chairman Apollo Hospitals Group said, "We are delighted to have Mr. R Basil, an extremely dynamic individual, on board at a time when Apollo is poised for even greater growth."
He added, "Apollo's differentiating pillars are the teams of highly skilled doctors, state of the art equipments, healthcare delivery at affordable costs and the outcomes that set global benchmarks. Mr Basil's addition to the Apollo family of 62,000 members will make our patient centric model even stronger."
R. Basil brings with him over 30 years of rich professional experience across leading organizations in India including Manipal Hospitals, Wipro GE Medical Systems and Crompton Greaves. He had played a key role in transforming the healthcare business of Manipal Group in the last 8 years and had recently exited as the Managing Director & C.E.O of Manipal Health Systems Pvt. Ltd. His leadership was credited with changing the face of Manipal Group’s hospital business with new formats; expanding it to 11 hospitals across South India and making the revenues grow by 8 times in 8 years.
About Apollo Hospitals Group
Dr Prathap C Reddy, the architect of modern Indian healthcare, launched the first corporate hospital in India in 1983. An integrated healthcare company, the Apollo Hospitals Group has a network of over 8,000 beds across 47 hospitals, almost 1000 pharmacies, diagnostic clinics, medical business process outsourcing services, health insurance services, and clinical research divisions with a focus on epidemiological studies, stem cell and genetic research. To develop skilled human resource for the burgeoning need of superior healthcare delivery, the Apollo Hospitals Group has 10 nursing colleges and two hospital management colleges. In a rare honour, the Government of India released a commemorative postage stamp on the Apollo Hospitals Group in recognition of our contribution to Indian health care. Apollo for over 26 years has continuously excelled and maintained leadership in medical innovation, world-class clinical services and cutting edge research. The Apollo Hospitals are consistently ranked amongst the best hospitals globally for advanced medical services and seven of its hospitals are accredited by Joint Commission International (JCI). |
