Massimiliano Colella CEO of Evercare Group Tell us about Evercare’s vision for the transformation of healthcare and how you work to make that a reality. The Evercare Group is an impact-driven company wholly owned by the Evercare Health Fund, a US$ 1 billion fund managed by TPG’s Rise Fund, one of the largest impact investment funds in the world. Our mission is to transform healthcare for people in emerging markets. Through this commitment, we are part of a global movement to build a more equitable and prosperous future for the world through Agenda 2030 and the Sustainable Development Goals. Evercare operates an integrated health platform of 29 hospitals, 13 clinics and 93 diagnostic centres. Our services are delivered by our 12,000 employees in five countries across Africa and Southeast Asia, India, Pakistan, Bangladesh, Kenya, and Nigeria. As impact investors, we have to focus on the “double bottom line”: bringing a new level of high-quality care into under-developed health systems, while at the same time building a robust business that achieves sustainable returns. We also contribute towards local long-term economic growth. We create jobs that allow our people to support their local economies and allow their countries to retain the professional expertise they worked so hard to acquire. By providing high-quality care, we reduce the incentives for medical tourism. When high-income patients travel overseas for treatment, this represents – literally - money leaving the economy of the countries. Equally concerning, medical tourism dilutes political support for developing local services and so the whole system suffers as a result. In addition, through our staff development programmes, we are building “human capital”, specific skills and career opportunities. We train staff to provide a better quality of care and we support national government initiatives to improve healthcare for everyone. What are your main achievements since you inherited the group? Since inheriting the platform in 2019, Evercare/ TPG has transformed the organization strategically, operationally, and clinically while delivering robust growth. In fact, we have doubled our patients throughout the last two years (not including the COVID surge) and we CEO Today Middle East Awards 2023 - UAE - - 35 -
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