Prescribing growth

“India desperately needs at least 2 million [hospital] beds; we need many more people like B.R. Shetty to change the landscape of Indian healthcare,” says Dr Devi Prasad Shetty, chairman of Narayana Health, which operates over 6,000 hospital beds in India. “I have no doubt in my mind about his capabilities to transform Indian healthcare… Unless one dreams of massive scale operations we cannot reduce the cost and offer affordable care.”

In a bid to boost vertical integration with its hospital network, he company is also building a pharmaceutical manufacturing facility in Visakhapatnam. Last year, Shetty bought a generic drug manufacturing unit in Hyderabad from Dr. Reddy’s Laboratories. “With this, we are trying to backward-integrate to further subsidise the costs of the patients,” says Parmar. “Having a large pharmaceutical company to supply medicines at an affordable price can make a big difference,” adds Devi Shetty.