| 
"Our association with IVF has been
extremely beneficial. The IVF team has worked
closely with us to build depth in managerial
competence in our organisation. This marriage
between our professional competence as Doctors
and management depth which IVF helped to
create, has created superlative value for
our business."
Dr. Krishna Reddy - CEO, Quality Care India
Limited.
|
|
Quality Care,
promoted by a group of doctors and first
generation entrepreneurs has become a name
to reckon within the field of private healthcare
in India. Dr Soma Raju leads the professional
team at Care, driven by a fervent commitment
to provide world-class healthcare facilities
to Indians at reasonable costs.
A unique business model involving all the
practicing doctors as owners in the company,
Care manages hospitals getting together
some of the finest and renowned medical
professionals in the country under one roof
all of whom have sacrificed their individual
private practices for this joint endeavour.
This successful model, demonstrated across
Hyderabad and major cities of the state
of Andhra Pradesh, is now ready to be tried
across the country, as a part of the company's
ambitious plans.
|
|
IVF's value addition
to the company during the period of its investment
brought about a restructuring exercise which
has not only streamlined processes and improved
efficiency, but almost immediately generated
tremendous savings, strengthening the bottom
line as well. Further, IVF assisted the Company
to build a high quality professional management
team, creating the management bandwidth to
facilitate projected expansion. And as mentioned
earlier, IVF brought into practice the concept
of "physician as shareholder".
IVF exited the investment in Quality Care
in January 2004 after nearly three years
of partnering the Company during which revenues
were up 2.7 times and hospital beds up 2.2
times.
Detailed information on the company available
at www.carehospitals.com
|
