Prem Reddy, MD, FACC, FCCP
Chairman, President & CEO
Prem Reddy, MD, is a physician, entrepreneur and philanthropist. Dr. Reddy
was born into a family of proud leaders in rural India where he learned
the values and guiding principles that led to his remarkable accomplishments
and generosity. The focus of Dr. Reddy's work has been to save failing
hospitals, turn them into thriving community assets, and give back to
the community, gifting hundreds of millions of dollars to causes related
to health care and caring for others.
Dr. Reddy is double board-certified in Internal Medicine and Cardiology.
During his 25 years of practice, he performed more than 5,000 cardiac
procedures, including coronary angiography and angioplasty and permanent
pacemaker implantations. Dr. Reddy has been named by
Modern Healthcare as one of the “50 Most Influential Physician Executives” in
health care nine times, the “25 Top Minority Executives in Healthcare”
multiple times, and is consistently listed among the “Top 100 Physician
Leaders to Know” and “Top 100 Most Influential People in Healthcare.”
Dr. Reddy has also been honored locally in California with the 2017 Bernard
Osher Philanthropists of the Year award, recognizing Dr. Reddy and his
wife Dr. Venkamma Reddy for their generous support of Victor Valley College
and other Southern California community colleges.
In 2001, Dr. Reddy formed Prime Healthcare Services with a mission to save
hospitals, improve community healthcare and provide the very best care
to patients. Prime Healthcare now owns and operates 46 hospitals and more
than 300 outpatient locations in 14 states and is the fifth largest for-profit
hospital system in the nation. Among numerous accolades, Prime Healthcare
has been recognized as one of the “10 Top Health Systems”
and one of the “15 Top Health Systems” in the nation three
times. Since 2003, Prime Healthcare hospitals have been recognized 53
times among the “100 Top Hospitals” in the nation by IBM Watson Health.
Additionally, Dr. Reddy and his family founded the Dr. Prem Reddy Family
Foundation, a non-profit foundation that has donated millions to charities
supporting healthcare and education, including universities and college
scholarships; national charities such as Boys and Girls Club; medical
equipment for poverty stricken regions around the world; mental health
care; and free community clinics. Dr. Reddy also founded the Prime Healthcare
Foundation, a 501(c)(3) not-for-profit public charity that owns 15 of
the Prime Healthcare hospitals. Combined, the foundations have assets
of $1.3 billion, all donated by Dr. Reddy and his family. Driven by Dr.
Reddy’s life-long passion for healing and education, the Foundations
act as stewards of private funds to be used for public good and fulfill
a commitment to give back to communities. Dr. Reddy made a $60 million
commitment to found the California University of Science and Medicine,
(CUSM), a non-profit medical school located in Southern California that
welcomed its first class of medical students in July 2018. Dr. Reddy serves
as Chairman of the Board of CUSM and also serves as Chairman of the Federation
of American Hospitals (FAH) 2021 Board of Directors.
Living up to its motto of
“Saving Hospitals. Saving Jobs. Saving Lives,” Prime Healthcare has invested approximately $1.7 billion since 2005 on
capital improvements and equipment to modernize and improve its hospital
facilities, and has provided more than $9 billion in charity and uncompensated
care since 2010. Led by Dr. Reddy, Prime Healthcare is continuing its
promise to provide compassionate care and clinical excellence to patients
and families in more than 600 communities across the United States.
Download a PDF of Dr. Prem Reddy's bio.