Prem Reddy

Dr. Prem Reddy (born 1948) is a cardiologist and a major owner of Prime Healthcare Services, Inc., which owns several hospitals in California in the United States. Prem Reddy was born in a rural village in Southern India. He and his wife immigrated to the United States in 1976.

Reddy, holding an MD, FACC, and FCCP is a board-certified physician in Internal Medicine and Cardiology. He is a Fellow of the American College of Cardiology and the American College of Chest Physicians. During his over two decades of practice, Dr. Reddy has performed more than 5,000 cardiac procedures (such as coronary angiography and angioplasty, and permanent pacemaker implantations).^[1]

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Business activity

Dr. Reddy founded Desert Valley Medical Group, a multi-specialty medical group, in 1985, which later became PrimeCare International, Inc. He also founded and served as CEO and Chairman of the Board of PrimeRX.Com, Inc.

In 2001 Reddy founded Prime Healthcare Services, Inc., which currently owns and operates nine acute care hospitals in Southern California. The company is reportedly seeking to purchase more hospitals in the near future.

An important aspect of the Reddy intervention in his hospitals is the improvement of services in the emergency room, as he claims these are the entrances to his hospitals.

Criticism

Desert Valley Hospital filed a lawsuit in 2003 against two former employees for "breach of contract, breach of implied covenant and interference with prospective economic advantage" ^[2]. . The two former employees countersued for "defamation, wrongful termination and other allegations" that resulted in mistrial ^[3]. Contrary to allegations in their own lawsuit, they testified that they never saw the Desert Valley Hospital founder Dr. Prem Reddy tend patients while under the influence of alcohol ^[4]. Per Dan Costello of LA Times "Reddy acknowledged having had an alcohol problem but said he never treated patients after drinking." ^[5]

See also

• Prime Healthcare Services

References

1. ^ My Life Shows American Dream Is Achievable, India Tribune, May 17, 2003
2. ^ http://archive.vvdailypress.com/2005/112558321231380.html
3. ^ http://archive.vvdailypress.com/2006/113984173576498.html
4. ^ http://archive.vvdailypress.com/2005/112558321231380.html
5. ^ http://www.latimes.com/news/local/la-fi-reddy8jul08,1,246219,full.story?ctrack=1&cset=true

Further reading

• Centinela hospital is bought by chain, Daily Breeze, November 1, 2007
• Desert Valley wins award for care, Daily Press, October 27, 2007
• Hospital Group Rejects System and Cashes In, LA Times, July 8, 2007
• Medical Maverick: Doctor Turned Hospital Owner Hopes, OC Register, October 19, 2006
• Awful memories: Many tributes in Victor Valley, Daily Press, September 12, 2006
• Million-Dollar Headache: Victor Valley Hospitals Spend Millions on Uninsured Patients, Daily Press, 6 June 2006
• $1m to Circle of Care Foundation.(Sherman Oaks Hospital's Dr. Prem Reddy donates funds), San Fernando Valley Business Journal, 05 June, 2006
• Dr. Reddy Announces Expansion Plan for Desert Valley Hospital, Daily Press, December 4, 2005
• Presidential scholar graduates in just three years, Cal State San Bernardino News, August 30, 2005
• Doctor cures hospital, The Business Press, July 11, 2005
• Hospital chief set to revitalize ailing facility, Daily Bulletin, October 10, 2004
• President Circle Members Celebrated at Reception Hosted By Dr. Prem Reddy, The President's Pen, August 25, 2004