Singapore Markets open in 4 hrs 50 mins

Dugout Ventures Announces Strategic Addition to Board of Directors

·3-min read

Dr. Prakash Patel Joins the Dugout Board of Directors

AUSTIN, Texas, October 06, 2021--(BUSINESS WIRE)--Dugout Ventures, a unique early stage investment private equity group formed by current and former baseball greats like Nolan Ryan, Barry Larkin and David Ortiz and strategic industry executives, announced today the appointment of Dr. Prakash Patel to the Company’s Board of Directors, effective immediately.

Dr. Patel has 25 years of healthcare leadership experience across a broad range of areas, including with health plans, providers, government programs, healthcare technology, and complex care management. With a proven-record of strategically repositioning companies to drive growth and improve health outcomes, Dr. Patel will leverage his expertise in the healthcare space with Dugout’s health and wellness vertical.

"It is an honor to welcome Prakash to the Dugout team. As professional athletes, we understand how important health and wellness is for peak performance, but we also understand the value of building the right team," said Mark Walker, Chairman and CEO of Dugout Ventures. "Prakash is the perfect partner to help guide our health and wellness vertical, especially in the food is medicine category, which we’re pioneering with some of the best minds in the industry."

"Prakash is what we call in the baseball world a specialist, and he’s the best in the game in the healthcare space, so we drafted him because we need his talent to help us transform the healthcare industry, especially with our focus on food as medicine with companies like Performance Kitchen," David Ortiz, current board member of Dugout and former Boston Red Sox great said. "Most people don’t know that Prakash was a solid baseball player, too, but we’re going to wait before we let him hit cleanup at Fenway Park!"

Dr. Patel most recently served as Executive Vice President and President for Anthem, Inc.’s Diversified Business Group, where he led its strategic direction and multifold growth around advancing integrated clinical care models and developing innovative solutions that improve quality and health outcomes for consumers and customers. In addition to Anthem, Dr. Patel also has served in a variety of C-suite and healthcare executive roles including with GuideWell/Florida Blue, Magellan Health Services, and Scheer & Company.

"It’s hard to imagine being a part of a better leadership group at the intersection of sports and health than Dugout," said Dr. Prakash Patel. "Business is a lot like sports, where everyone on the team plays a critical role to drive industry leading results. I am thrilled to be a partner on the Dugout team, which includes some of the greatest baseball players to ever play the game, as we take major steps forward in the health and wellness space."

About Dugout Ventures

Dugout Ventures is a unique early stage private equity group formed as an exclusive club of current and former Major League Baseball Players and strategic industry insiders. Dugout is well positioned to leverage its deep market understanding and influence to capitalize on the wellness, health and sports intersection. Key health and wellness portfolio companies include Performance Kitchen, PBC a leader in food is medicine. Dugout’s most recent exit was as the largest investor of Marucci Sports, LLC the leading bat manufacturer in Major League Baseball which Dugout and its principals helped build from the ground up.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211006005363/en/

Contacts

Media:
ICR
Brittany Fraser / Sara Davis
203-682-8200
DugoutVentures@icr.com

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting