Cue Health Inc. (HLTH) Appoints Rishi Reddy to its Board
Cue Health, a leading healthcare technology company, has announced its latest appointment to the Board of Directors. Rishi Reddy, the Managing Director at Tarsadia Investments, will join Cue’s Board, effective immediately. This appointment comes as Cue Health enters into a cooperation agreement with Tarsadia Investments.
Previously serving as an Observer on Cue’s Board of Directors from April 2018 to September 2021, Mr. Reddy brings a wealth of experience and expertise to his new role. As the Managing Director at Tarsadia, he currently leads the firm’s venture and growth equity strategy. His addition to the Board is expected to provide valuable insights and contribute to Cue Health’s continued growth and success.
In a statement, Ayub Khattak, Chairman and CEO of Cue Health, expressed confidence in Rishi Reddy’s abilities and highlighted the company’s commitment to creating value for stakeholders. We look forward to Rishi’s contributions as a director and to continuing our collaborative relationship, said Khattak.
Mr. Reddy also shared his enthusiasm for joining Cue Health’s Board and his belief in the company’s potential. Cue’s industry-leading technology has the potential to transform how acute and chronic conditions are diagnosed and managed, stated Reddy. As Cue Health’s largest shareholder, he sees an opportunity to create significant value for shareholders and is eager to work with the Board and support the management team in achieving their goals.
With the appointment of Mr. Reddy, Cue Health’s Board of Directors will expand to eight members. The company also revealed its intention to add an additional highly qualified, independent director to the Board. This move showcases Cue Health’s commitment to a diverse and experienced leadership team.
The complete Cooperation Agreement between Cue Health and Tarsadia Investments will be filed with the Securities and Exchange Commission as part of a Current Report on Form 8-K.
Cue Health, through its innovative healthcare technology solutions, continues to make strides in transforming the healthcare landscape. With their investment in top talent like Rishi Reddy and their dedication to driving operational efficiency, Cue Health remains at the forefront of delivering improved healthcare outcomes.
As the healthcare industry evolves, Cue Health’s focus on innovation and value creation positions them to positively impact the lives of patients worldwide. With an expanded Board of Directors and a commitment to excellence, Cue Health is well-positioned for continued success in the future.
