MUMBAI, India, September 9 /PRNewswire/ --

- Annual India Excellence in Healthcare Awards to Celebrate Best in
the Industry

Frost & Sullivan, for the first time, hosted '2009 India
excellence in Healthcare Awards' at Mumbai. The Event attended by the creme
de la creme of the healthcare industry spotlighted world-class companies that
have performed par excellence and demonstrated best practices. Recognizing
the best in class, the event was held to honor the country's premium players
in the healthcare and research industry.

The '2009 India excellence in Healthcare Awards' recognized 19
companies from the Medical Devices, Healthcare IT, Medical Imaging, Drug
Discovery, Biotechnology and Clinical Diagnostics background. These companies
have contributed and in the future would drive the growth of the industry
through their market leadership, competitive strategies, and innovation.

Anand Rangachary, Managing Director, South Asia and Middle
East, Frost & Sullivan, said, "The healthcare industry has phenomenal
importance in the economic growth of any country. The primary focus of all
stakeholders, including the Government, private sector across the healthcare
value chain should be on increasing the scope and reach of healthcare
services into India's vast hinterland. The '2009 India excellence in
Healthcare Awards' is an endeavor to honor companies that have proven to be
the best in class in furthering this objective."

On the occasion, Sandeep Sinha, Deputy Director, South Asia,
Middle East and North Africa, Healthcare said, "Gross under penetration of
healthcare services in India will provide a fertile ground for the growth of
the healthcare sector. With increase in affordability and awareness, it is an
opportune time to be in India and seek the next level of growth by serving
the Indian populace. The heterogeneity of the country is giving rise to
innovative and flexible solutions. With this in the background, we at Frost &
Sullivan feel it is pertinent to recognise companies that have gone beyond
with their outstanding leadership and outshined with their innovations and
growth."

A 10-person jury comprising prominent Healthcare Industry
experts had come together to examine the dynamics/performance of an extensive
range of organizations. Our expert team followed a meticulous
measurement-based methodology to select companies in South Asia for each
Award category. Post this, the short-listed companies were evaluated based on
actual market performance indicators like Revenue growth, Market share in
specific category and growth in market share, Breadth of services and
solutions, Demonstrated leadership in new services and innovation, Major
customer acquisitions, Geographical expansion and partnership, Business and
marketing strategies.

"We are happy to support the '2009 India excellence in
Healthcare Awards' organized by Frost and Sullivan, one of India's
distinguished Growth Partnership Company," said Ashvani Srivastava, Chief
Executive Officer, HealthHiway. "We are honored to recognize these exemplary
companies that contribute towards improvising the global healthcare industry
and hope that this will inspire others to develop such innovations in the
future."

2009 India in Excellence Award recipients in various categories

Healthcare IT

Indian Healthcare IT Company of the Year - Karishma Software
Multinational PACS Company of the Year - FUJIFILM India Pvt. Ltd
Indian PACS Company of the Year - Ashva Technologies
Indian Telemedicine Company of the Year - TeleVital India Pvt Ltd

Biotech and Pharmaceuticals:

Multinational Pharmaceutical Company of the Year - Pfizer Limited
Indian Pharmaceutical Company of the Year - Dr. Reddy's Laboratories Ltd
Indian Contract Manufacturing Company of the Year - Jubilant Organosys
Indian Biotech Company of the Year - Serum Institute of India Ltd
Indian Clinical Research Organization of the Year - Veeda Clinical
Research
Indian Emerging MNC Pharmaceutical Company of the Year - MSD
Pharmaceuticals Pvt Ltd.
Indian Drug Discovery Research Organization of the Year - Chembiotek

Medical Devices:

Indian Emerging Medical Devices Company of the Year - Relisys Medical
Devices Ltd
Minimally Invasive Devices - Laparoscopy Company of the Year - KARL STORZ
Endoscopy India Pvt Ltd

Patient Monitoring:

Blood Glucose Monitoring Device Company of the Year - Roche Diagnostics
India Pvt Ltd
Sleep and Respiratory Devices Company of the Year - Philips Healthcare

Imaging:

Ultrasound Equipment Company of the Year - GE Healthcare
CT Scan Equipment Company of the Year - Siemens Healthcare

Diagnostics:

Immuno Assay Company of the Year - Roche Diagnostics India Pvt Ltd
Diagnostic Services Company of the Year - Super Religare Laboratories
Limited

The distinguished panel of Judges for this year's Award ceremony:

1. Dr. Rajiv Shukla - Director Investment - Chemical & Pharma, ICICI
Venture
2. Dr. Nadig Ramananda -President & Deputy Dean CREMA India
3. Mr. Ananthpadmanabhan - President - Kovai Medical Centre
4. Mr. Satyamurthy - Retd - Director, Telemedicine - ISRO
5. Dr. Sujay Prasad - Director - Anand Lab
6. Dr. MG Bhat - Consultant GI & minimal access surgery, Wockhardt
Hospitals

Hospital

7. Dr. Radhesh - Radiologist, Clumax Diagnostic
8. Nitin Naik - VP - Healthcare, APAC
9. Reenita Das - Sr. VP - Healthcare - APAC
10. Sandeep Sinha - Deputy Director - Healthcare - SAME
11. Nanda Kishore -Industry Manager - Healthcare - SAME

HealthHiway and IBM are the platinum partners for this year's
Excellence in Healthcare Awards. HealthHiway(TM) is the services
infrastructure for Hospitals, Clinics, Insurance companies, Pharmacies and
Diagnostic centers to facilitate better collaboration and seamless
information sharing to deliver quality care.

Biospectrum, Pharma BioWorld, eHealth, DrugOne, Pharma Review,
New Media and Chronicle Pharma Biz are the honorable Media Partners for the
Awards. To know more about this event please log on to
http://www.frost.com/hcawards.

About Frost & Sullivan - "We Accelerate Growth"

Frost & Sullivan, the Growth Partnership Company, enables
clients to accelerate growth and achieve best in class positions in growth,
innovation and leadership. The company's

Growth Partnership Service provides the CEO and the CEOs
Growth Team with disciplined research and best practice models to drive the
generation, evaluation and implementation of powerful growth strategies.
Frost & Sullivan leverages over 45 years of experience in partnering with
Global 1000 companies, emerging businesses and the investment community from
more than 35 offices on six continents. To join our Growth

Partnership, please visit http://www.frost.com.

Media Contact:

Anish Charles
Corporate Communications, South Asia
P: +91-22-4001-3419
F: +91-22-2832-4713
E: anishc@frost.com

Nimisha Iyer
Corporate Communications, South Asia and Middle East
P: +91-22-4001-3404
F: +91-22-2832-4713
E: niyer@frost.com
http://www.frost.com.