Life Healthcare Group, the operator of one of the largest network of pharmacies in UAE, has appointed industry veteran Sreenath Reddy as its new Chief Financial Officer. 

 

Life Healthcare has around 370 stores across the emirates and also operates 18 GP Clinics and 5 medical centres. Its key subsidiary, Nutripharm is one of the largest healthcare distributors in the country represents more than 170 brands.

 

A chartered accountant and lawyer by profession, Sreenath brings along 20 plus years of experience in the senior management roles in healthcare. Prior to this assignment, he was with Aster DM Healthcare where he played a transformational role in its growth and development as a leading healthcare provider in India and the GCC. 

 

In the earlier part of his career, Sreenath was instrumental in the development of Narayana Health into one of India’s leading healthcare organizations during his 10-year spell as the CFO, said the UAE group in its statement.

 

Sreenath is known for his business acumen and pragmatic leadership that has helped these organizations during his association with them. 

 

On his appointment, Life Healthcare Group Chairman Abdul Nazar said: "As a home grown brand, we did phenomenally well in the last 25 years, playing a significant role in redefining healthcare retailing in the UAE. We envision making healthcare accessible and affordable for everyone."

 

"It’s important to have leaders with strategic rigour and strong executional capabilities to make realize our vision. We are excited to welcome on board Sreenath who is a highly reputed healthcare professional with an unparalleled track record," stated Nazar.

 

"We are confident that Sreenath will complement our ambitions to become a global healthcare conglomerate in the next 10 years," he added.-TradeArabia News Service