USC Marshall School of Business Recognizes Prathap C. Reddy, M.D., as Winner of Asia-Pacific BioBusiness Leadership Award 2005

Prathap C. Reddy, M.D., Honored for Modernizing

Healthcare Delivery System in South Asia 

March 28, 2005 – Los Angeles, CA, -- Prathap C. Reddy, M.D., is the winner of the Asia-Pacific BioBusiness Leadership Award 2005, the first in a series of regional and global BioBusiness Leadership Awards given by the University of Southern California’s Marshall School of Business.  Dr. Reddy is the founder and chairman of the Apollo Hospitals Group, based in Chennai, India, which is the largest hospital and healthcare services network in Asia.  

“Through his revolutionizing of modern healthcare delivery in South Asia, Dr. Reddy is bringing world-class healthcare and the benefits of advanced technologies within the economic and geographic reach of millions of patients for the first time.  Dr. Reddy is one of a growing number of inspirational leaders providing the foundation for future growth and development for biobusiness in Asia-Pacific,” said Carl Feldbaum, chairman of the selection committee for the Asia-Pacific BioBusiness Leadership Award and president emeritus of the U.S. Biotechnology Industry Organization. 

The BioBusiness Leadership Awards are sponsored by the Global BioBusiness Initiative, a program of the USC Marshall Center for Global Business Excellence (C-GLOBE).  Led by Dr. Gurinder S. Shahi, the Global BioBusiness Initiative serves as an international resource dedicated to facilitating interdisciplinary leadership in the biobusiness area.   

The BioBusiness Leadership Awards recognize leading individuals, organizations or corporations that best exemplify the spirit of innovation, enterprise and entrepreneurship in areas of biobusiness, a field that incorporates healthcare, biomedical, agricultural, food, environmental and emerging technology areas in the life sciences and biotechnology.  Additional information on upcoming BioBusiness Leadership Awards can be found at www.marshall.usc.edu/biobusiness. 

Following a successful practice in the U.S., Dr. Reddy returned to India to help redesign the healthcare delivery system in India and established the first center of the Apollo Hospitals Group in Chennai, India in 1983.  In addition to offering state-of-the-art medical services, Apollo has a strong commitment to public health as well as wellness management of its patients.  Its stated mission is to bring healthcare of international standards within the reach of every individual.  Today, the Apollo Hospitals Group has more than 35 hospitals throughout South Asia with more than 20,000 employees and nearly 6,000 hospital beds. 

The Asia-Pacific BioBusiness Leadership Award 2005 will be presented to Dr. Reddy at the USC Asia-Pacific Business Outlook 2005 on April 7, 2005.  The 18^th annual executive conference on Asia trade and investment is one of the longest-running conferences about the Pacific Rim economies.  

About USC Marshall School of Business

USC's Marshall School of Business provides the foundation for a process of lifetime learning and business practice. Both U.S. News & World Report and BusinessWeek rank Marshall's programs among the top 30. For more than 80 years, Marshall has provided world-class research and scholarship, preparing students for the future of business. Marshall, with its many research centers and the Leventhal School of Accounting, focuses on a core set of skills and on strengthening its position as a global center of business education and research at the graduate, undergraduate and executive levels. 

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Lynda Orban
(949)439-8406
orban1@cox.net