Is Prem Reddy a savior or a profiteer?
By Crowe, Deborah
Publication: Los Angeles Business Journal
Date: Monday, June 16 2008
This much is certain about Dr. Prem Reddy, an Indian native of modest origins who immigrated to the U.S. 32 years ago. He’s a respected cardiologist, dedicated philanthropist and successful entrepreneur, who in a few short years has shaken up the L.A. hospital industry.
But whether or not he’s the potential savior of the region’s struggling community hospitals or simply out to make a buck depends on whom you talk to. “Prem Reddy causes a lot of people heartburn.” said Jim Lott, vice president and spokesman for the Hospital Association of Southern California, a local trade group. “But the fact is that he’s taking over and turning around hospitals with emergency rooms
that were on the road to being closed…
