Kris Gopalakrishnan picks up significant stake in People Tree Hospitals

Infosys co-founder Kris Gopalakrishnan's family office Pratithi Investment Trust has picked up a significant stake in TMI Healthcare, which runs a chain of four multi-specialty hospitals in Bengaluru under the brand name People Tree Hospitals.

The billionaire investor has invested about Rs 250 crore, according to people briefed on the matter.

People Tree, with its tertiary flagship hospital in Yeshwanthpur, has so far touched the lives of 2,00,000 plus people in Bengaluru with 40 plus specialities led by a team of specialist doctors and support team of caregivers, the TMI Healthcare said in a press statement.


People Tree managing director and CEO Dr Jothi S Neeraja said, "Pratithi's investment and Mr Gopalakrishna's support will enable People Tree Hospitals to scale up and accelerate its journey towards our mission to provide each and everyone the quality of health care we would want for ourselves, our children, parents, family and friends."

Gopalakrishnan said, "Pratithi is delighted to be part of People Tree's journey of providing quality healthcare to communities it seeks to serve. Healthcare has to move at a much more accelerated pace towards affordability, inclusiveness, quality and accessibility. Emerging and disruptive technologies such as machine learning, AI-based genomic interpretation, clinical research, digital interventions will need much faster adoption in the areas of preventive, curative, rehabilitative and palliative care."

"Prathithi through its strategic investments in the past year in preventive, curative and palliative models of healthcare is committed to furthering the cause of good health and doing our best to elevate, transform and set standards of excellence in health care delivery by focussing on whole person's care", he added.

Dr Upendra Kumar Kandluri has taken over as the Medical Director of People Tree Hospitals, which is headed by Swami D Swaminathan as executive chairman.