VOICES SPRING 2022
New York, NY | vellorecmc.org
of VELLORE
"Fairfax is committed to giving back to the communities where we operate, and we believe this initiative will enable CMC to lead the way in transforming pediatric care in India." - MR. PREM WATSA
Fairfax Financial Holdings, Quess Corp and CMC Vellore Partner to Open 350-Bed Pediatric Specialty Center on CMC’s New Ranipet Campus
I
n 2019, Fairfax Financial Holdings – in
charitable care and its ability to steward
and research. This will help meet the
concert with its subsidiary, Quess Corp
a charitable gift that could equal $40
medical needs of patients who are not
Limited – made public their charitable
million.
only coming from different parts of
interest in underwriting the construction of a pediatric ‘center of excellence’ in India. As they began their vetting process to identify the appropriate implementation partner,
CMC
Vellore’s
expertise
in pediatrics, along with its unique approach to patient care was brought to the attention of Quess Corp Chair, Ajit Isaac, by Vellore CMC Foundation board member, George Varughese.
Three years later, on Friday, May 6, 2022, Fairfax Financial Holdings and Quess Corp, and CMC Vellore reunited
India, but also from across the globe for consultation and treatment. (continued on page 4)
in India to formalize a Memorandum of Agreement (MoA) to establish a new pediatric specialty care center on CMC’s Ranipet
(formerly
Kannigapuram)
campus. Fairfax and Quess have pledged up to Rs 300 crore ($39 million) towards setting up this center, with the vision
Following this introduction, members
of providing leading state-of-the-art
“The Magic of CMC”
of CMC Vellore’s leadership team were
pediatric medical and surgical services.
ORATION BY MR. AZIM PREMJI
invited to the headquarters of Fairfax
The proposed center, to be called the
Financial Holdings in Toronto, Canada
CMC Pediatric Specialty Center, will
to meet philanthropist, Mr. Prem Watsa,
have 350 beds covering a range of
and to engage in a series of discussions
pediatric specialties.
covering the history, mission and vision of CMC, its financial stability, its interests in pediatric care, its commitment to
In addition to treatment, the center will also focus on education, training,
The 10th Annual Dr. Ida S. Scudder Humanitarian Oration was held on December 10th, 2020. Read more on page 3.