Quality Care Hospitals Appoints Dr Hari Prasad as Group Chairman & Varun Khanna as Group Managing Director

Quality Care India Limited (QCIL) is a hospital platform owned by Blackstone, a private equity firm, which operates a network of CARE Hospitals across 16 cities in India.

Quality Care Hospitals, India's prominent healthcare provider focusing on emerging cities in South Asia, has announced the appointment of two seasoned industry leaders, Dr Hari Prasad as the group chairman & non-executive director, and Varun Khanna as the group managing director.

These appointments aim to drive the rapid growth of the platform and further strengthen its mission of bridging the quality healthcare gap in the region.

Quality Care India Limited (QCIL) is a hospital platform owned by Blackstone, a private equity firm, which operates a network of CARE Hospitals across 16 cities in India.

Dr Hari Prasad brings over 30 years of extensive global experience to Quality Care. Formerly the president of Apollo Group Hospitals, he played a pivotal role in shaping the journey of Apollo Hospitals. He also serves as the executive chairman of Society for Emergency Medicine, India.

He oversaw its growth from 1,200 beds to 10,000 beds today. His vast clinical expertise and unwavering focus on quality healthcare will be instrumental in advancing Quality Care's objectives, Quality Care said in a statement.

Varun Khanna, on the other hand, with more than 14 years of experience in the healthcare sector, joins Quality Care as the group managing director.

In his previous role he led operational efficiency in his capacity as MD of Healthcare Business and Investments at Siloam Hospitals Group, Indonesia.

Dr Hari Prasad expressed his enthusiasm for his new role, emphasizing his dedication to driving Quality Care's legacy forward with better clinical outcomes and building quality at scale.

“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 look forward to collaborating with the Board, the existing leadership team and the clinical team of 1,500 members to achieve the broader vision of providing quality healthcare,” he said.

Varun Khanna echoed similar sentiments, highlighting his excitement to lead a platform touching 2.5 million lives annually and his commitment to all stakeholders.

Commenting on his appointment, Varun Khanna said, “The teams at CARE, KIMSHEALTH 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.”

Ganesh Mani, senior MD, at Blackstone, welcomed Dr Hari Prasad and Varun Khanna, acknowledging their wealth of industry expertise and leadership experience.

He emphasized their pivotal roles in expanding Quality Care to become an industry leader.

Shareholder Stake in Quality Care Hospital

Quality Care Hospitals, operating 25 healthcare facilities across 13 cities has over 4,500 beds under its umbrella and provides comprehensive care across more than 30 clinical specialties.

QCIL is jointly owned by Blackstone and TPG Growth, with Blackstone holding a 73% stake and TPG Growth holding a 25% stake.

In October 2023, QCIL acquired KIMS Health Management (KHML), a hospital chain based in Kerala, India, from True North, another private equity firm.

The acquisition added approximately 1,378 beds to QCIL's network, bringing its total bed count to nearly 3,800, making it the fourth largest hospital group in India, after Apollo Hospitals, Manipal Health, and Fortis Healthcare.