Dr. Kiran Patel, a savvy entrepreneur, began buying up the practices of other physicians and organized them into a multispecialty network with more than 8,000 patients. In 1992, he bought WellCare, a small health maintenance organization that exploded in size when Florida began requiring Medicaid patients to enroll in HMOs. In 2002, he sold it for a reported $200 million.
The Patels are generous with their wealth. Among their donations have been $26 million to the University of South Florida; $5 million for a conservatory at the David A. Straz Jr. Center for the Performing Arts; and $3 million for a research institute at Florida Hospital Tampa. They’ve built hospitals in India and Zambia. Read more.
By Susan Martin (Tampa Bay Times)