In 1997, Padmashri Dr B Soma Raju founded a movement called ‘CARE’, and set up the first CARE Hospital based on the unique “Group Physician” model. All key physicians were not only committed full-time to CARE, they also had significant equity interest in the multi-specialty hospital, which had cardiology as its anchor department.
When True North invested in CARE in 2001, the chain had three hospitals with total of 400 beds in South India, largely catering to tertiary care. With True North expertise, the management team, organization, and processes were restructured and strengthened; a Hospital Information System was implemented, a marketing plan was developed, and new hospitals and doctor groups were identified in other cities for tie-ups and expansion.
In addition, links were established with Third Party Health Care Administrators (TPA) and the Central Government Health Scheme to diversify and scale up revenues, and an educational tie-up was signed with Mayo Clinic (USA). A new 350 bed multi-specialty hospital was set up at Banjara Hills in Hyderabad.
True North’s divested its stake in January 2004, during which CARE had seven hospitals with around 800 beds.
Founder :- Krishna Reddy