2015 ASC Symposium Faculty Biographies
Alex Albert
PRINCIPAL
ARES MANAGEMENT
Alex Albert is a Principal in the Ares Management Private Equity Group. Prior to joining Ares in 2014, Mr. Albert was a Vice
President in private equity at Friedman Fleischer & Lowe, LLC. Previously, Mr. Albert was an Associate in private equity at
Kohlberg Kravis Roberts & Co. In addition, Mr. Albert was an Analyst in the Investment Banking Division at Goldman Sachs from
2005 to 2007. Mr. Albert currently serves on the Board of Directors of the parent entity of Valet Waste Holdings, Inc.
Mr. Albert holds a B.A. from Vanderbilt University in Economics and an M.A. from Columbia University in Quantitative Methods.
He also holds an M.Phil from Oxford University in Economics. Mr. Albert is a CFA® charterholder.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Ryan Anderson
MANAGING DIRECTOR
CCMP CAPITAL
Ryan Anderson is a Managing Director in the New York office of CCMP. He focuses on making investments in the healthcare
sector. Prior to joining CCMP in 2000, Mr. Anderson worked in the Mergers and Acquisitions group at JPMorgan. Mr. Anderson
has been involved with the firm’s investment in Medpace and currently serves on the board of directors of LHP Hospital Group.
Mr. Anderson holds a B.S.E from The Wharton School of the University of Pennsylvania and is a Certified Public Accountant.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Richard A. Barasch
CHAIRMAN AND CHIEF EXECUTIVE OFFICER
UNIVERSAL AMERICAN
Richard A. Barasch is Chairman and Chief Executive Officer of Universal American Corp., a NYSE company (UAM) that
provides health benefits to people covered by Medicare. Universal American works collaboratively with healthcare professionals,
especially primary care physicians, to improve the health and well-being of those we serve and reduce unnecessary healthcare
costs.
Universal American is under definitive contract to be sold to WellCare Health Plans, with closing expected in the second quarter
of 2017. Mr. Barasch will have no ongoing role in the company.
During Mr. Barasch’s leadership, Universal American acquired more than 20 insurance companies and health services
companies and been an industry leader in all aspects of Medicare, as follows:

Was an early adopter of Medicare Part D becoming the second largest Part D plan in the country, with more than 2.1 million
members. Universal American sold its Part D business to CVS Corp. in 2011 for more than $1.4 billion.

Created a substantial Medicare Advantage business whose foundation is partnering with independent primary care
physicians to improve quality and reduce cost for Medicare beneficiaries. Universal American has consistently achieved
industry leading quality (Star) ratings in its Medicare Advantage plans.

Established more than 30 ACOs under the Medicare Shared Savings Program and the Next Generation ACO program,
working in partnership with over 5000 providers to cover more than 250,000 Medicare beneficiaries.

Invested and participated in the founding of NaviHealth, an innovative start-up that has been a leader in reducing the cost of
post-acute care in Medicare, including through bundling programs. Mr. Barasch served on the board of the company from
its founding until its successful sale in 2015.
Richard is Chairman of Turnaround for Children, a member of the Board of Managers of Swarthmore College and Chairman of
The Friends of the Bronx Leadership Academy.
Richard is a graduate of Swarthmore College (1976) and Columbia University Law School (1979) where he was an Editor of the
Law Review.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Jay Barnes
MANAGING DIRECTOR, HEALTHCARE INVESTMENT BANKING
GREENHILL
Jay Barnes joined Greenhill in 2017. Prior to joining Greenhill, he worked in the healthcare investment banking groups at
Jefferies and UBS. Jay received an M.B.A. from the New York University Stern School of Business and a B.A. from Colgate
University.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Wiley Bell
MANAGING DIRECTOR AND PARTNER
L.E.K. CONSULTING
Wiley Bell is a Managing Director and Partner in L.E.K. Consulting’s New York office. He joined L.E.K. in 2013 and has advised
senior executives for over 32 years at several global consulting firms. He has deep expertise in Healthcare Services, Private
Equity, Restaurants, and Consumer Products.
As a leader in L.E.K.’s U.S. Healthcare Services sector, Wiley advises both payers and providers on a variety of strategic
business issues, including healthcare cost effectiveness, G&A optimization, competitive analysis, marketing effectiveness,
strategic planning, and the consumerization of healthcare. He has over a decade of experience in healthcare with an emphasis
on payers, providers, and private equity diligence support for healthcare deals and portfolio companies. As a partner and head
of the healthcare practice at The Parthenon Group, he built the firm’s corporate healthcare practice and integrated healthcare
capabilities into that firm’s private equity diligence work. As a founder of Parthenon’s consumer growth practice, Wiley also has
expertise advising clients in the Restaurant and Consumer Products sectors. Earlier in his career, Wiley was a strategy
consultant and Vice President at Mars & Co. and a strategy consultant at Bain & Company.
Wiley received a Master of Business Administration from Harvard Business School and a Bachelor of Arts in Economics with
High Honors from Haverford College.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Michael Bernstein
PARTNER
BAIRD CAPITAL
Michael Bernstein is a Partner with Baird Capital's U.S. Private Equity team focused on investments in the Healthcare sector.
Mike was a former executive in residence with Baird Capital and has nearly 30 years of operational and investment experience
in the healthcare industry, including several executive management roles.
Prior to joining Baird Capital’s U.S. Private Equity team, Mike served as the President and Chief Executive Officer of Baird
Capital portfolio company Medical Education Technologies, Inc. (METI), headquartered in Sarasota, FL. During his time at
METI, Mike helped improve business performance and negotiated the sale of the company to CAE, a global leader in simulated
education services. He then became President of CAE Healthcare, where he led the integration of METI, restructured the
business and drove efficiency initiatives to improve profitability. Mike also has prior executive experience serving as the Chief
Executive Officer of Leprechaun Inc., President and Chief Executive Officer of Innovative Health Strategies, President and Chief
Operating Officer of Cobalt Corporation (the Publicly Traded holding company for Blue Cross Blue Shield of Wisconsin), and
Executive Vice President of the University of Wisconsin Medical Foundation in Madison, WI. He Chairs the boards of directors of
Alpha Source, Inc in Milwaukee, and Myelin, LLC in Chicago, and Workforce Insight in Denver.
Mike received a B.A. in Rhetoric and Political Science from the University of California and a JD from the McGeorge School of
Law. He resides in Chicago and Sarasota.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Elizabeth Betten
MANAGING DIRECTOR
MADISON DEARBORN PARTNERS
Elizabeth Betten, a Manager Director at Madison Dearborn Partners (MDP), focuses on investments in the healthcare industry.
She currently serves on the Board of Directors of Option Care, formerly served on the Board of Directors of Ikaria and was
actively involved with Sirona Dental Systems. Elizabeth joined MDP in 2004 as an Associate and re-joined after business school
in 2008. Prior to MDP, she worked in Investment Banking in the Healthcare Group at J.P. Morgan.
Elizabeth also serves on the Board of Directors of the Healthcare Private Equity Association and the Foundation Board of the
Ann & Robert Lurie Children’s Hospital of Chicago.
Elizabeth holds an A.B. from Brown University and an M.B.A. from Stanford University Graduate School of Business.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Darren M. Black
MANAGING DIRECTOR
SUMMIT PARTNERS
Darren M. Black is a Managing Director with Summit Partners, a global growth equity firm that is currently investing more than
$7.2 billion into equity and fixed income opportunities in technology, healthcare and other growth sectors. Darren joined Summit
Partners in 2013 and focuses primarily on the healthcare & life sciences sector.
Darren currently serves on the boards of ABILITY Network, DMG Practice Management Solutions, HealthSun, Paradigm
Outcomes, PharmScript, and Thrive Skilled Pediatric Care.
Prior to Summit, Darren was a Managing Partner with SV Life Sciences, where he focused on healthcare services, healthcare
information technology and pharmaceutical services. Previously, Darren was Cofounder and President of two companies—
ClinCare and PharmaStar and was a healthcare consultant for Accenture. He has served on the boards of numerous healthcare
companies.
Darren holds an AB in government from Harvard College and an MBA from the Wharton School of the University of
Pennsylvania.
Darren currently serves on the board of Health Forum, the for-profit subsidiary of the American Hospital Association. In addition,
he sits on the board of Jewish Community Relations Council and Combined Jewish Philanthropies.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
David Blaszczak
FOUNDER AND PARTNER
PRECIPIO HEALTH STRATEGIES
David Blaszczak, Principal at Precipio Health Strategies, is recognized as one of the leading reimbursement experts in
healthcare services and life sciences with almost 20 years of experience. He has been a consultant to many of the largest and
most successful investment firms in the U.S. for nearly the past decade. This mainly includes advising private equity firms and
lenders on leveraged buyouts across the healthcare spectrum. He also works with the management of healthcare companies by
incorporating reimbursement and health policy into a successful growth strategy.
In 2013, Mr. Blaszczak was an advisor to the Food and Drug Administration’s Entrepreneurs in Residence Program regarding
commercial insurer collaboration.
Prior to Mr. Blaszczak’s experience among healthcare companies and private equity firms, he previously worked for the
government at both the state and federal level. At the U.S. Department of Health and Human Services (HHS), he helped advise
the Secretary of HHS and the Administrator of the Centers for Medicare and Medicaid Services (CMS). This included
implementation of the Medicare Modernization Act and also development of policy in areas, such as: managed care, health IT,
provider reimbursement, and other key policy areas.
His first foray into public policy was through the Maryland Office of the Attorney General followed by the Maryland Department of
Insurance where he focused his efforts on regulation of insurers and working with medical societies.
He earned a Bachelor of Arts in Health Administration and Master’s in Public Policy from the University of Maryland Baltimore
County.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Stephen R. Bochner, MD
SENIOR CLIENT PARTNER, SECTOR LEADER, HEALTH CARE PRIVATE CAPITAL/FOR-PROFIT
KORN FERRY
Dr. Stephen R. Bochner leads the Healthcare Private Capital and For-Profit Healthcare Sector. He is an established industry
expert bringing years of experience recruiting senior health care executives and investors.
He is based in the Firm’s Los Angeles office and is focused upon the recruitment of investment professionals and senior
operating executives to financial sponsor-backed and for-profit healthcare companies.
Dr. Bochner has served as an investment advisor to private capital firms and as a consultant to several public and privatelyfinanced companies. He is a member of numerous medical associations and serves on the Board of several companies.
Dr. Bochner’s prior business background included operating roles, consulting with privately financed companies, and working as
a venture capitalist. He served as Vice President in the Venture Capital Group at Robertson, Stephens & Company where he
focused on medical investments. Prior to joining RS & Co. he served as Vice President of Business Development at Fusion
Medical Technologies, a Sequoia Capital backed medical device company that went public during his tenure.
As a physician, Dr. Bochner established a private medical practice affiliated with Stanford University in Palo Alto, CA
specializing in minimally invasive surgical procedures. During this time he served on the Clinical Faculty at Stanford University
Hospital. Previously he was a member of the full-time faculty at Stanford University Hospital in the Department of Gynecology.
Dr. Bochner obtained his medical degree from the University of Ottawa and McGill University and performed his specialty
training at Stanford University, serving as Chief Resident in 1987. He holds an MBA from the Stanford University Graduate
School of Business and a B.A. in Biology from Colgate University.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
John M. Callahan
PARTNER
MCDERMOTT WILL & EMERY
John M. Callahan advises clients on mergers and acquisitions (M&A) in the health services and life sciences industries. He
represents private equity firms, academic medical centers and health systems, governmental entities and other health care
companies in the acquisition and divestiture of businesses and business lines. As deal counsel, John handles high-profile US
and international transactions, as well as a variety of change-of-control transactions designed to address the strategic
positioning needs of private, governmental and nonprofit entities. He is the head of the Firm's International Health M&A Practice.
John provides strategic and legal advice on operational issues unique to health care companies, including the creation of
business ventures and arrangements designed to address the changing needs of health systems in light of health reform
legislation. He is actively involved in the creation of hospital service line management and branding relationships between
academic medical centers and regional health systems in the United States and internationally.
John also has developed and executed cutting-edge legal and financing structures for the development of large capital projects,
such as medical parks and proton therapy centers. He is recognized for his knowledge in developing and negotiating complex,
multi-party contracts that document unusual or unique business relationships between the contracting parties. He also advises
clients on corporate governance and compliance issues, and on wholesale reorganizations of corporate systems.
John is an associate professor of law at Loyola University of Chicago, and he serves as a guest lecturer at Northwestern
University's Kellogg Graduate School of Management and Northwestern University Law School.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Thomas (T.J.) Carella
MANAGING DIRECTOR
WARBURG PINCUS
Thomas (T.J.) Carella is a partner at Warburg Pincus LLC where he is responsible for healthcare investing. Prior to joining
Warburg Pincus, T.J. was a partner in the Merchant Banking Division of Goldman Sachs and global head of the division’s
private equity activities in the healthcare sector. While at GS, T.J. led or was actively involved in the firm’s former or current
healthcare investments in: Advanced Recovery Systems, a provider of addiction recovery services; Assuramed, a medical
supplies distribution business; Drayer Physical Therapy, a provider of outpatient physical therapy services; Globus Medical, a
NYSE-listed spine medtech business; Golden State Medical Supply, a pharma repackaging business targeting government endmarkets; iHealth Technologies, a payment integrity and analytics business; Magnacare, a leading third party administration
business; Press Ganey, a healthcare analytics business; Privia Health, a leading value-based physician management company;
T2Biosystems, a Boston-based diagnostics platform; and Vitals Health, a cost transparency and consumer engagement
platform.
T.J. earned a B.A. from Harvard College in 1997 and an MBA from Harvard Business School in 2004.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Jason B. Caron
PARTNER
MCDERMOTT WILL & EMERY
Jason B. Caron provides strategic advice to health care and life sciences organizations, primarily focusing on regulatory,
reimbursement and policy matters. He has extensive experience navigating coding, coverage, payment, medical necessity,
clinical documentation, comparative research, certification, enrollment, and other payer participation and reimbursement issues,
particularly in light of ongoing health reforms.
Jason leverages his regulatory and reimbursement experience to assist clients in planning, structuring and executing health care
transactions and business arrangements. He also counsels clients on federal and state fraud issues, including Anti-Kickback,
sunshine law, self-referral, false claims and false billings. In addition, Jason guides organizations through self-disclosures and
government inquiries, audits and investigations. Jason also assists clients in evaluating, developing and implementing corporate
compliance programs.
Jason represents a wide variety of clients, including:

Hospitals and health systems

Various freestanding treatment centers such as urgent care centers, ambulatory surgery centers and cancer care centers

Pharmaceutical and medical device manufacturers and distributors

Long-term care, home health, hospice and other post/sub-acute providers

Professional services organizations and physician practice management companies (including anesthesia, emergency
medicine, dentistry, dermatology, oncology, primary care and wellness practices)

Pharmacies

Laboratories

Trade associations and coalitions

Investors and other financial institutions that invest in and/or support the health care and life science industries
Previously, Jason worked for the US Department of Health and Human Services and the International Association of Fire Chiefs.
He has also worked as a critical care paramedic for a regional health system. While in law school, Jason was a researcher for
the Center for Health and Homeland Security and editor for the Journal of Health Care Law & Policy.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Paul A. Carr-Rollitt
PARTNER
MCDERMOTT WILL & EMERY
Paul A. Carr-Rollitt advises clients on general and nonprofit corporate transactions and health care regulatory issues. Paul
represents a wide range of clients in connection with mergers and acquisitions, joint ventures, affiliations, reorganizations, public
offerings and private equity transactions, corporate governance, regulatory compliance, licensure and general corporate
matters.
Paul represents investment banks, health systems, hospitals and health care facilities, academic medical centers, e-health and
biotechnology companies, medical device companies, nonprofit entities, managed care organizations, provider networks and
accountable care organizations, ambulatory surgery centers and medical groups. Drawing on his diverse and extensive
transactional experience and regulatory knowledge—including knowledge of health care fraud and abuse and self-referral laws,
oversight of nonprofit organizations, managed care laws, and other state and federal corporate, securities and health care
regulations—Paul helps his clients navigate complex organizational, operational and transactional matters.
Paul regularly advises clients seeking to establish integrated care organizations, including advising on contractual issues and
the formation, governance and operation of complex health care joint ventures among providers, health systems and health
plans. His experience extends to non-traditional health care providers, such as retail health clinics and freestanding emergency
departments, and to obtaining approval of applications for, and material modifications to, Knox-Keene licenses.
In addition, Paul assists several nonprofit organizations on a pro bono basis with organizational, governance, fundraising,
regulatory, tax exemption and compliance issues. He is lead counsel to America SCORES LA, an affiliate of America SCORES,
the nation's largest after-school soccer, literacy and service learning program for underserved youth.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Javier Casillas
MANAGING DIRECTOR
H.I.G. WHITEHORSE
Javier Casillas is a Managing Director with H.I.G. Whitehorse. Since joining H.I.G. Whitehorse in 2006, Javier has worked on a
wide range of investments, including recapitalizations, debt purchases, and most recently original issue loans. Javier has been
particularly active in sourcing, structuring, and monitoring middle market credit investments across several industries, including
healthcare, business services, and specialty finance.
Javier has over thirteen years of experience in investment banking and principal investing. He began his career with JP
Morgan's M&A team, and previous to WhiteHorse Capital worked with ING, developing new financing products for companies in
Mexico. At WhiteHorse Capital, Javier has played a leading role in the firm’s expansion into original issue credit.
Javier received a Bachelor of Arts in Government from Harvard University and an MBA from Stanford University's Graduate
School of Business.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Andrew J. Cavanna
MANAGING DIRECTOR, CO-HEAD OF HEALTHCARE
VESTAR CAPITAL PARTNERS
Andrew J. Cavanna is a Managing Director and is the Co-Head of Vestar’s Healthcare Group. Andrew is currently a director of
Press Ganey and MediMedia USA, Inc. He came to the firm in 2006 from The Blackstone Group. Prior to joining Blackstone,
Andrew was an associate at JPMorgan Partners and an analyst in the Leveraged Finance Group at Merrill Lynch.
Andrew earned his B.A., cum laude, in Economics and Government from Cornell University and his MBA from Columbia
Business School. He is originally from Connecticut and now lives in Darien, Connecticut, with his wife and three daughters.
Andrew is also a member of the board of The Community Fund of Darien and is a member of the Connecticut Advisory Board of
the Trust for Public Land.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Ira J. Coleman
CHAIRMAN
MCDERMOTT WILL & EMERY
Ira J. Coleman is the Chairman of McDermott Will & Emery. He advises clients on matters related to health care mergers and
acquisitions, health care private equity and health system representation. In addition, he has experience serving as counsel in
connection with compliance matters and defense of Anti-Kickback and qui tam suits for health care clients.
Ira has extensive experience handling issues on behalf of clients that include Goldman Sachs, Altaris Capital Partners, The
Blackstone Group, Halifax Health, The Carlyle Group, TeamHealth, Harvest Partners, CCMP Capital Advisors, Frontier
Healthcare Holdings, MEDNAX National Medical Group, Miami Children's Hospital, MTS Health Investors, LLC, H.I.G. Capital
and Ryder Systems, Inc.
Ira is the global head of McDermott's Corporate & Transactional Practice and partner-in-charge of the Miami office. He sits on
various Firm committees, including the Executive Committee as well as the Management, Billings and Collections, and
Technology Committees. He also serves as chair of the Firm's highly regarded Healthcare Services Private Equity Symposium
and Healthcare Services Private Equity Leadership Forum.
Ira presents regularly at private equity and national health care conferences on a variety of subjects. He also has authored and
has been quoted in numerous articles on private equity and health law topics.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Christie Corbett
SENIOR MANAGING DIRECTOR
FTI CONSULTING
Christie Corbett is a Senior Managing Director at FTI Consulting and is based in Atlanta. She is part of the Transaction Services
practice within the Corporate Finance & Restructuring segment. Ms. Corbett has advised strategic and financial buyers on
hundreds of transactions in various industries.
Ms. Corbett has provided a broad range of buy- and sell-side services, including financial due diligence, forecast and valuation
analysis, buyer and target identification, contract structuring and negotiations, and transition and strategic planning. Ms. Corbett
has significant experience across various industry sectors with a focus on healthcare, software and technology and consumer
products. A representative list of Ms. Corbett’s private equity and lending clients includes Goldman Sachs, Capital One, Altaris,
Galen Capital, Crestview, HIG Capital and Rizk Ventures. Her corporate clients include Flowers Foods, Catholic Health
Initiatives, HCA, Parallon and ShareCare.
Specific to the healthcare sector, Ms. Corbett has advised on transactions for acute care hospitals, post acute facilities (skilled
nursing facility, long-term acute care and rehabilitation), urgent care, labs, imaging centers, dental practice management,
outsourced staffing, medical devices, pharmaceuticals and healthcare related technologies.
Ms. Corbett has served as the financial advisor to a group of senior lenders invested in a specialty pharmacy business operating
in 22 states. In this role, Ms. Corbett advised on business plan reviews, market studies, cash flow requirements and strategic
option analysis.
In addition, Ms. Corbett led a post-merger integration effort and a process improvement initiative for corporate clients. She was
also a team leader in a transaction involving a divestiture of 350 retail stores from a publicly traded national chain. This project
involved financial due diligence, modeling, supply chain analysis and merger integration support.
Prior to joining FTI Consulting, Ms. Corbett was the Assistant Vice President (“AVP”) of Mergers & Acquisitions for ChoicePoint,
Inc., which was a billion dollar public company prior to its acquisition by Reed Elsevier in 2008. ChoicePoint was a leading
provider of business analytics, technology, software and information services largely to customers in the insurance, banking and
governmental industries. While at ChoicePoint, Ms. Corbett executed eight acquisitions in the software and services industries,
as well as several divestitures of non-core businesses. Prior to ChoicePoint, she was a Director in PricewaterhouseCoopers’
Transaction Services practice. Ms. Corbett began her career with KPMG, where she became a Manager in the Audit practice.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Chris Crosby
VICE PRESIDENT
DOBBS MANAGEMENT SERVICE, LLC
Chris Crosby joined Dobbs Management Service, LLC (DMS) in 2005. Chris leads the direct private equity investment efforts
for the Dobbs family of Memphis. The Dobbs family currently has six companies in its portfolio across the healthcare,
distribution, financial services and dealership sectors and typically invests equity between $20 million to $50 million dollars per
transaction. DMS targets companies between $8 million to $20 million in EBITDA.
Chris focuses on deal origination working to source potential acquisition targets and is responsible for communication with
financial intermediaries and company owners. Prior to joining DMS, Mr. Crosby has a combination of investment banking,
strategy consulting and operations experience. Mr. Crosby worked in the M&A group at Lehman Brothers and as a Principal at
The Parthenon Group, a strategic advisory firm. He has served as Vice President of Operations at Thomas & Betts and Vice
President of Supply Chain at Mueller Industries. Mr. Crosby earned a B.B.A degree in business from Millsaps College and an
M.B.A. from The Tuck School at Dartmouth College.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Sean Cunningham
MANAGING DIRECTOR
GTCR LLC
Sean Cunningham joined GTCR in 2001 and is currently a Managing Director of the firm. He was previously a Consultant with
The Boston Consulting Group. Sean holds an MBA from the Wharton School at the University of Pennsylvania as well as AB
and BE degrees in engineering sciences from Dartmouth College. Sean currently is a Director of Cedar Gate Technologies,
Cole-Parmer, Correct Care Solutions, Maravai LifeSciences, Rx30 and Sterigenics. He was instrumental in GTCR’s past
investments in Cord Blood Registry, Devicor Medical Products, Graceway Pharmaceuticals and Ovation Pharmaceuticals.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Dr. Michael Cziesla
PARTNER
MCDERMOTT WILL & EMERY
Dr. Michael Cziesla advises clients in complex corporate transactions, specializing in multi-jurisdictional and cross border M&A,
secondaries, leveraged buyouts, divestments, joint ventures and restructurings. He advises both German and international
clients across a range of sectors with an emphasis on regulated industries. These include international corporates, private equity
funds and insurance companies, IT and payment service operators as well as international aerospace groups.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Michael Dal Bello
INVESTMENT PARTNER
PRITZKER GROUP PRIVATE CAPITAL
Michael Dal Bello is an Investment Partner at Pritzker Group Private Capital leading the firm’s Healthcare sector investing. Prior
to joining Pritzker Group, Michael was a Managing Director at Blackstone Capital Partners, with an aggregate $63 billion of
assets under management in private equity. During his tenure at Blackstone, Michael helped lead sourcing efforts in healthcare
and insurance, investing more than $7 billion of equity capital in 13 transactions. Michael also served on ten corporate boards,
working with management teams to drive value through operational improvements, acquisitions and divestitures. Before joining
Blackstone, Michael was an Associate at Hellman & Friedman where he was involved with the analysis and execution of private
equity investments in the media and professional services sectors. Prior to that, Michael worked as a consultant at Bain &
Company and also was a Research Associate at the China Center for Economic Research in Beijing, PR China as a Luce
Scholar.
Michael earned an MBA from Harvard Business School, an MA from Oxford University and undergraduate degrees from the
Wharton School and the College of Arts and Sciences at the University of Pennsylvania. He is a member of the Council on
Foreign Relations.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Paige Daly
MANAGING DIRECTOR
HARVEST PARTNERS
Paige Daly joined Harvest Partners in 2010. Prior to joining Harvest, she was a Managing Director at LNK Partners and Apax
Partners. Paige focuses on growth capital, buyout and recapitalization investments in healthcare, consumer and retail
businesses. Before Apax, Paige was with Bain Capital in Boston and previous to that, was at Donaldson, Lufkin & Jenrette in
investment banking.
She has a B.S. in Economics from The Wharton School of the University of Pennsylvania and an MBA from Harvard Business
School.
Paige serves on the Boards of Advanced Dermatology & Cosmetic Surgery and Dental Care Alliance. She previously served on
the Boards of Athletico, AxelaCare, Cycle Gear and Driven Brands.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Tony Davis
PRESIDENT AND MANAGING PARTNER
LINDEN CAPITAL PARTNERS
Tony Davis is the President, a Managing Partner and Co-Founder of Linden Capital Partners. He has been involved in principal
investing and consulting since 1992. Prior to co-founding Linden, Mr. Davis was a Partner with One Equity Partners (formerly
FCEC) and a strategy and operations management consultant with Cresap, McCormick and Paget, in both Chicago and Hong
Kong. He currently serves on the boards of Chesapeake IRB and Spear Education and is Chairman of the Board of ProPharma
Group, Sage Dental, Young Innovations, Inc and Virtus Pharmaceuticals. He previously served on the boards of directors for
Behavioral Centers of America, Drayer Physical Therapy Institute, Focused Health Solutions and Ranir. Additionally, Mr. Davis
is a member of the Economic Club of Chicago, The Chicago Council on Global Affairs and is a Director on the Northwestern
Memorial Foundation Board of Directors and a member of the Northwestern Memorial Foundation Executive Committee.
Mr. Davis holds a Bachelor of Arts with honors in Economics from Northwestern University and an MBA with honors from the
University of Chicago Booth School of Business, where he was a Rosett Scholar and serves as a guest lecturer on private
equity.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Gary Scott Davis
PARTNER
MCDERMOTT WILL & EMERY
Gary Scott Davis, PA, advises clients on issues concerning managed care, including emerging health benefit plans, strategic
restructurings and reorganizations, dispositions, mergers, joint ventures and contractual matters. The Florida Bar Board of Legal
Specialization and Education recognizes Gary as a Board Certified Health Law Attorney.
Gary is a nationally recognized speaker on organizational and reimbursement transactions relating to managed health care,
health care contracting and joint ventures. He is also a published author of numerous writings on managed care.
Gary has served as an adjunct lecturer of health care law for the Graduate School of Business Administration (MBA Programs
for Executives), University of Miami and on the Advisory Board and faculty of the Nova Southeastern University Institute of
Continuing Education for Health Care Professionals.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Charles J. Ditkoff
COUNSEL
MCDERMOTT WILL & EMERY
Charles (Charlie) J. Ditkoff has decades of firsthand experience in the investment banking and health care services industries.
He has an extensive background counseling health care services clients on regulatory, reimbursement and operational issues.
Charlie also advises clients on all aspects of major corporate transactions, including mergers, acquisitions, divestitures and
going-private transactions.
Prior to entering private practice, Charlie held key leadership roles at several global financial institutions. Most recently, he
served as vice chairman and head of global health care corporate and investment banking at Bank of America Merrill Lynch.
Previously, he was principal/vice president of the Corporate Finance Group at Morgan Stanley. He also worked as vice
president at Credit Suisse First Boston and as a securities lawyer with Cravath, Swaine & Moore LLP. Charlie began his career
as a law clerk to Judge Peter K. Leisure of the US District Court for the Southern District of New York.
Charlie has earned the Financial Industry Regulatory Authority (FINRA, formerly National Association of Securities Dealers
(NASD)) Series 7, 63 and 24.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Michael Dodds
MANAGING DIRECTOR
JEFFERIES LLC
Michael Dodds joined Jefferies LLC in November 2005 as an Associate in the Healthcare Investment Banking Group and is now
a Managing Director responsible for healthcare financial sponsor and venture capital coverage, globally. Prior to joining
Jefferies, Mr. Dodds spent 3 years at the Bank of Hawaii during its highly successful financial and operational restructuring. Mr.
Dodds has over 15 years of investment and merchant banking experience, having held positions at Berenson Minella and
Donaldson, Lufkin and Jenrette. Mr. Dodds received a B.S. in Economics with a concentration in Finance from the Wharton
School of the University of Pennsylvania.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Adam Dolder
MANAGING DIRECTOR
GREAT POINT PARTNERS
EDUCATION
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B.S., cum laude, Wake Forest University
M.B.A., Harvard Business School
PRIOR EXPERIENCE
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JPMorgan Partners
JPMorgan Securities
INVESTMENT EXPERIENCE
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Alliance Biomedical Research
American Surgical
Aris Radiology
Biotronic NeuroNetwork
Cadent, Inc.
Caprion Proteomics
Citra
Connecture
DJO, Inc.
Hanger Orthopedic
Mediatech, Inc.
MedQuest Associates
Pacific Child
Pro PT
Softbox
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Adam Elberg
PRESIDENT, CHIEF EXECUTIVE OFFICER AND FOUNDING PARTNER
PROFESSIONAL PHYSICAL THERAPY
Adam Elberg is President and Chief Executive Officer of Professional Physical Therapy, and serves on its Board of Directors.
Mr. Elberg is also one of the founding partners of Professional and has functioned as the Chief Executive Officer since the
organization was established in 1998.
Mr. Elberg is a NYS licensed Physical Therapist, a BOC certified Athletic Trainer and an NSCA certified Strength & Conditioning
Specialist. He holds a Master’s Degree from Washington University in St. Louis, MO. Mr. Elberg extends his hands-on approach
from his patient treatment days to his successful management of the company’s continued growth. Working closely with the staff
at Professional enables Mr. Elberg to be intricately involved in all aspects of the management and operations of the business.
Mr. Elberg has been recognized by his industry peers and is asked to lecture at a variety of conferences and universities on the
Business of Healthcare. In addition to his work at Professional, Mr. Elberg is very involved in a multitude of philanthropic
activities. His most noteworthy charity is Cohen Children’s Medical Center where he is a member of their Board of Directors, and
has been honored as the Gary M. Sherman Humanitarian of the Year Award recipient in 2015. The award is designed to honor
one’s commitment to philanthropy, professionalism, community and family.
In addition to his academic and professional career as a Physical Therapist and Athletic Trainer, Mr. Elberg gained extensive
experience in the field of Orthopedic and Sports Physical Therapy while working with athletes at the High School, Collegiate and
professional levels of competition. This experience included internships with the NY Jets, NY Knicks and Boston Celtics. During
his tenure as a Physical Therapist and Athletic Trainer, he rehabilitated numerous major league baseball players, NYRA jockeys
and professional boxers.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Navid Farzad
PARTNER
MORGAN NOBLE HEALTHCARE PARTNERS
Navid Farzad is a Partner of Morgan Noble Healthcare Partners. Prior to joining Morgan Noble, Mr. Farzad was with Enhanced
Equity Fund (EEF), an exclusively healthcare focused private equity firm based in New York with $600 million under
management. While at EEF, Mr. Farzad served on the Board of Directors of Correctional Healthcare Companies and
Management Health Solutions and worked closely with EEF’s investment in WhiteGlove Health. Prior to EEF, Mr. Farzad was
with the investment banking group of Lehman Brothers with a focus in Healthcare M&A. Prior to Lehman Brothers, Mr. Farzad
was a member of Ernst & Young’s Transaction Advisory Services group focused on the healthcare sector and a member of
Arthur Andersen’s healthcare practice. Mr. Farzad holds an MBA from the NYU Stern School of Business and a Bachelor of Arts
from Loyola College.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Adam Feinstein
MANAGING PARTNER
VESEY STREET CAPITAL PARTNERS
Adam Feinstein is the Managing Partner at Vesey Street Capital Partners (VSCP), a health care services focused private equity
firm that specializes in middle market buyouts and growth equity investments. VSCP invests exclusively in businesses that
create value for hospitals, physicians and payors by enhancing efficiency, improving quality, reducing costs and expanding
revenues. Since inception, the firm has deployed nearly $400 million in capital, primarily as a control investor.
Adam has a unique background with a wealth of experience as both a senior Healthcare executive and a Wall Street veteran.
He has over 20 years of experience working with many of the leading Healthcare Services companies. He is the Chairman of
the Board at HealthChannels (ScribeAmerica), the nation’s leading provider of medical scribes and solutions. He also currently
serves on the Board of Directors at PathGroup, a leading pathology services company, Imedex, the leading provider of
accredited continuing medical education (CME) for oncologists, Surgery Partners (NASDAQ: SGRY), a leading surgery center
and physician services organization and Quorum Healthcare Corporation (NYSE: QHC), a rural hospital operator.
Prior to founding VSCP, he was the Senior Vice President of Corporate Development, Strategic Planning and Office of the Chief
Executive Officer at Laboratory Corporation of America Holdings (LabCorp) where he oversaw M&A, Corporate Development,
Strategic Partnerships and Corporate Strategy. He also created the LabCorp private equity investment vehicle. Prior to LabCorp,
Adam was the Managing Director at Barclays Capital/Lehman Brothers, where he covered, as well as coordinated, the firm's
Health Care Facilities and Services research teams. He was ranked #1 in the Institutional Investor All America Research Survey
in the Health Care Facilities category, for a decade and was considered the best Healthcare Services analyst on Wall Street. Mr.
Feinstein is a CFA charterholder and has a B.S. in Business from the Smith School at the University of Maryland at College
Park. He also completed the Nashville Healthcare Council Fellows program.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Karen Gibbs
PARTNER
MCDERMOTT WILL & EMERY
Karen Gibbs joined McDermott in 2014 after serving as Vice President and Senior Counsel at CVS Health (formerly CVS
Caremark), a Fortune 20 integrated pharmacy company. Karen advises a wide variety of health care companies, investors and
lenders on operational, regulatory and enforcement issues related to all aspects of the pharmacy distribution chain. Her practice
also covers synergistic areas such as substance abuse/behavioral health, physician and veterinarian office dispensing, evolving
requirements related to opioid prescribing and dispensing, and a wide variety of prescription reimbursement issues.
Karen has an extensive background in licensing, regulatory, compliance, enforcement and policy issues in the health care and
life sciences industries, including pharmacies (specialty, mail, retail, institutional and long-term care), pharmaceutical and
biologics manufacturers, pharmacy benefit management (PBM) companies, wholesaler/distributors, behavioral health
companies, institutional health care providers, and prescription drug plans. With McDermott’s FDA team, Karen has offered
guidance on compounding pharmacy issues, re-packager issues, and compliance with the Drug Quality and Security Act.
In addition to transactional and regulatory work, Karen’s recent representations include internal investigations and enforcement
actions related to pharmacy law issues, Drug Enforcement Administration (DEA) and related state issues such as reporting
under the Prescription Drug Monitoring Program (PDMP) requirements, and reimbursement issues.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Lewis Gold, MD
CO-FOUNDER, MANAGING DIRECTOR
EG ADVISORS, LLC
Lewis Gold, MD Co-Founded Sheridan Healthcare in 1994 and was Executive Vice Chairman and on the board of directors of
Sheridan Healthcare. Dr. Gold served on the board of directors since the company’s inception and was instrumental in their
multiple financial transactions, including an IPO in 1995 and four private equity sales since 1994. Dr. Gold was Executive Vice
President from 1994 to 1999 while Sheridan Healthcare was publicly traded on NASDAQ (1995-1999). At Sheridan, Dr. Gold
negotiated four separate private equity transactions including TA Associates, Vestar Capital, JW Childs and Hellman and
Friedman. Under his leadership, Sheridan Healthcare grew from a single local practice to a national company in 23 states.
Sheridan Healthcare has enjoyed significant revenue and EBITDA growth each year since 1994.
After retiring from Sheridan Healthcare in November 2012,Dr. Gold co-founded EG Advisors, LLC, and on December 19, 2013,
he co-founded Advanced Recovery Systems (ARS), an integrated behavioral health company specializing in the treatment of
alcohol and drug abuse, eating disorders, and associated mental health issues. Dr. Gold currently acts as Co-CEO of ARS and
has partnered with Goldman Sachs private equity in this entity. Dr. Gold also currently serves as an Operating Partner for J.W.
Childs.
Dr. Gold graduated summa cum laude from Albright College in Reading, Pennsylvania. He received his medical degree from
Temple University School of Medicine in 1982 and completed his anesthesia residency at the University of Miami’s Jackson
Memorial Hospital. Dr. Gold is Board Certified in Anesthesiology.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Bernard P. Grondin
PARTNER
MCDERMOTT WILL & EMERY
Bernard (Bernie) P. Grondin focuses on representing private equity funds, strategic investors, and founders/owners-operators in
complex corporate transactions, including leverage buyouts, mergers and acquisitions (M&A), debt and equity investments and
joint ventures. Bernie also has extensive experience advising buyers, sellers, founders and joint ventures partners in
negotiating, documenting, facilitating and consummating transactions involving health care companies. He also concentrates on
representing public and private corporations and other entities in connection with M&A, spin-offs, joint ventures, liquidity events
and general corporate governance. In addition, he has represented issuers, including blank check companies, in initial public
offerings and acted as corporate counsel to publicly trade companies.
Bernie speaks regularly at the Firm's industry and legal symposia on a range of subjects, including trends in the ambulatory
surgery center (ASC) industry, margin sustainability and growth strategies, effective supply management and structuring health
care deals.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Dan Harris
KEYNOTE SPEAKER
Dan Harris is a co-anchor for Nightline and the weekend edition of Good Morning America on ABC News, as well as host of
ABC’s 500 Questions. He is also the author of 10% Happier, a #1 New York Times bestselling book about a fidgety, skeptical
news anchor who stumbles upon meditation. Recently, Harris launched an app specifically designed to teach meditation to
doubters and busy people. This ancient practice – too long associated exclusively with hippies and robed gurus – has been
shown by modern science to boost resilience, focus, creativity, emotional intelligence, and overall mental and physical health.
With meditation and mindfulness now being embraced by executives, athletes, educators and entertainers, Harris has become a
leading voice for pushing for the practice into the mainstream, using plain English and dry humor. He is an excellent speaker for
corporations, health and wellness organizations, and schools and universities.
In 10% Happier, Harris tells his story as only a reporter can: through deep research, tough questions, and a healthy dose of
irony. The book is part investigation and part immersive journalism: one man’s accidental quest to boost his happiness quotient
without losing his professional drive. After learning about research that suggests meditation can do everything from lower your
blood pressure to essentially rewire your brain, Harris took a deep dive into the underreported world of Chief Executive Offcers,
scientists, and even marines, who are now using it to be calmer, happier, and less yanked around by their emotions. The book
takes readers on a ride from the outer reaches of neuroscience to the inner sanctum of network news to the bizarre fringes of
America’s spiritual scene, and leaves them with a takeaway that could actually change their lives.
The app co-founded by Harris - called 10% Happier: Meditation for Fidgety Skeptics - mixes the irreverence of the book with
simple, practical, down-to-earth instructions. Users get short, daily videos, in which Dan discusses the practice with some of the
world’s greatest teachers. The app also comes with a personal coach, who can answer questions and keep users accountable.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Camilo E. Horvilleur
MANAGING DIRECTOR
HIG CAPITAL
Camilo Horvilleur is a Managing Director based in H.I.G. Capital's Miami office. Camilo is responsible for investment sourcing,
transaction negotiation, and portfolio company value creation strategies. Since joining H.I.G. Capital’s U.S. LBO group in 2006,
Camilo has helped lead private equity investments in a number of industries including healthcare, business services, insurance,
logistics, communications and technology. Camilo has served on the board of directors of several H.I.G. companies including
PMSI, Align Networks, US Medical Supply, ATX Networks, Capstone Logistics, Safe-Guard Products and Service Net.
Prior to joining H.I.G. Capital, Camilo was an Associate with Morgan Stanley in New York. Camilo also worked at Atticus Capital,
an alternative asset manager, as an investment analyst.
Camilo earned his B.B.A. in Finance from Texas A&M University, summa cum laude, and M.B.A. from Harvard Business School.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Fazle Husain
PARTNER AND HEAD OF US HEALTHCARE
CVC CAPITAL PARTNERS
Fazle Husain is partner and Head of US Healthcare at CVC Capital Partners, a global private equity firm with a network of 23
offices and over 400 employees throughout Europe, Asia and US. The CVC Group manages over $50 billion of assets. Prior to
joining CVC Capital Partners, Fazle was a Managing Director at Metalmark Capital from 2007-2016, and was responsible for
leading their effort in healthcare. Before Metalmark Capital, he was with Morgan Stanley & Co. in the private equity business,
where he spent 18 years. He has a successful track record of investing in healthcare companies for over 25 years, including
investments in the healthcare service, medical device, specialty pharmaceuticals and healthcare information technology sectors.
He has invested in and served on the Boards of several private and public companies including Allscripts (MDRX), Cross
Country Healthcare (CCRN), Bostwick Laboratories, The Medicines Company (MDCO), Cardiac Pathways (sold to Boston
Scientific), Suros Surgical (sold to Hologic), Healthstream (HSTM), Quintiles Transnational, Cytyc Corp (sold to Hologic), Aegis
Sciences, IntegraMed America, Vanguard Healthcare Systems (sold to Tenet) and SouthernCare. He was the Chairman of the
Board of Healogics (2008-2014), and was the Chairman of the Board of Collagen Matrix (2014-2016).
Mr. Husain received an Sc.B. degree in Chemical Engineering from Brown University, and an M.B.A. from Harvard Business
School. He is on the Board of Advisors for The School of Engineering at Brown University. He lives in New York City, with his
wife and three children.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
David Jones
PARTNER AND HEAD OF HEALTHCARE AND LIFE SCIENCES CORPORATE FINANCE ADVISORY
DELOITTE
David Jones is a senior partner at Deloitte and leads the firms’ dedicated Healthcare and Life Sciences M&A practice in the UK.
For over a decade he has advised on M&A in the sector including buy-side and sell-side transactions, JV’s and public sector
partnerships. David remains at the forefront of the most high profile and innovative Healthcare deals, working with clients which
includes large global corporates, private equity, privately owned entities and government divestments. In 2016, David was
awarded Dealmaker of the Year at the prestigious Health Investor awards.
The Deloitte team is recognized for their contribution and insight on high profile M&A transactions. Levering off a strong track
record of success driven by deep industry knowledge.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Ryan Kelley
PARTNER
SHORE CAPITAL PARTNERS
Ryan Kelley is a Founding Partner of Shore Capital, a healthcare private equity firm focused on partnering with companies that
have between $1-7 million of EBITDA. Ryan is responsible for all activities of the firm including sourcing, evaluating, and
enabling the growth of Shore investments. Currently, Ryan is Chairman of Pediatric Therapy Services. Ryan is also currently a
Director of Florida Autism Center and IZI Medical Products. Ryan previously served as Chairman of Fast Pace Urgent Care.
Ryan also previously served as a Director of ClearPath Diagnostics, Sirona Infusion and Michigan Rehabilitation Specialists.
Prior to founding Shore, Ryan worked at Water Street Healthcare Partners, a healthcare-focused private equity firm with $1.8
billion of capital under management. Prior to joining Water Street, Ryan worked in the Healthcare Investment Banking group at
Bank of America in New York.
Ryan received his M.B.A. from the Kellogg School of Management at Northwestern University and received a B.A. in Accounting
from the Honors College at Michigan State University.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Curtis Lane
FOUNDING PARTNER
MTS HEALTH PARTNERS
Curtis Lane founded MTS Health Partners in January of 2000 after recognizing the value that a dedicated healthcare-focused
financial services firm could offer the market. MTS operates two independent businesses providing investment banking services
and investing in private equity. MTS currently manages private equity funds, which, along with its partners, have invested over
$600 million in companies that deliver cost-effective services within the healthcare industry. MTS’ differentiated advisory model
has over 40 professionals that provide aligned strategic and financial advisory services distinguished by experienced, attentive
and independent counsel in the context of long-term relationships. MTS has completed over 150 transactions with an aggregate
value of over $35 billion. Prior to founding MTS, Mr. Lane led the healthcare investment banking group at Bear Stearns and
worked at Smith Barney.
Mr. Lane presently serves as a Director of Amyne Health, Inc. and Celerion Holdings, Inc. Philanthropically, Mr. Lane has been
active in numerous charitable organizations. He is currently actively involved with The FH Foundation
(https://thefhfoundation.org/) – a patient-centric nonprofit organization dedicated to raising awareness of all forms of Familial
Hypercholesterolemia through education, advocacy, and research. Familial Hypercholesterolemia is a dominant genetic
condition that limits a person’s ability to eliminate cholesterol. He is the Chairman of the Executive Advisory Board of the
Leonard Davis Institute for Health Economics (http://ldi.upenn.edu/) at the University of Pennsylvania.
Mr. Lane graduated from the University of Pennsylvania in 1979 and earned his Masters of Business Administration from The
Wharton School in 1980.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
William Lautman
MANAGING PARTNER
NEXUS HEALTH CAPITAL
William Lautman serves as Managing Partner of Nexus Health Capital. He enjoys over 30 years of Healthcare Investment
Banking and Principal Investing experience. Mr. Lautman has successfully executed numerous public and private investment
banking transactions and hosts an extensive roster of senior-level private equity, venture capital, institutional debt, and industry
relationships.
William is frequently invited to speak at leading healthcare industry conferences, including, most recently, as the featured
investment banking panelist on the hospital outsourced services-focused panels for both the 2015 McDermott Will & Emery
Healthcare Private Equity Symposium and the 2016 McGuireWoods Healthcare and Life Sciences Private Equity and Finance
Conference. Mr. Lautman is a recipient of the People to Watch in Healthcare Transactions Award from Nightingale’s Healthcare
News.
Prior to his founding Nexus in 1999, Mr. Lautman served as Partner and Head of the New York Healthcare Investment Banking
Division – Cowen & Co. and Senior Vice President, Healthcare Investment Banking Group – Kidder, Peabody & Co. Inc.
William completed the Comparative Business Policy Programme, Oxford University, Brasenose College, received his Bachelor
of Science in Business Administration degree from Georgetown University, and his MBA from the Wharton School, University of
Pennsylvania.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Frederic L. Levenson
PARTNER, CO-HEAD OF PRIVATE EQUITY
MCDERMOTT WILL & EMERY
Frederic (Fred) L. Levenson provides legal counsel to clients on a broad range of corporate counseling and sophisticated
domestic and international transactions. He focuses primarily on private equity (leveraged buyouts), domestic and international
mergers, acquisitions and divestitures, venture capital investments and financings, private and public offerings of equity and
debt securities, restructurings, joint ventures, strategic alliances, and real estate acquisitions and financings.
Fred advises public and private companies, private equity firms and their portfolio companies, management groups, senior and
subordinated lenders, real estate investment funds, and intermediaries in sophisticated, mergers and acquisitions, leveraged
buyouts, financings, divestitures and going private transactions. He also represents issues and underwriters in initial public
offerings, secondary offerings and debt offerings.
Fred draws on his experience with clients in a variety of industries and with diverse financial requirements to offer practical and
creative advice. Other clients he has represented include athletes, celebrities, entrepreneurs, investment banks, financial
institutions, companies ranging from start-ups to Fortune 500, and business from real estate to manufacturing to consumer
electronics and technology.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Ed Lhee
PARTNER
NEW HARBOR CAPITAL
Ed Lhee, a Partner and Co-Founder at New Harbor Capital, was previously a Partner at CHS Capital responsible for leading the
firm’s healthcare investment activity. Prior to joining CHS, he was with Morgan Stanley & Co. in the M&A and Corporate Finance
Groups. Ed holds a B.S. and B.A. from the University of Pennsylvania, and earned an MBA from Northwestern University.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Tony Maida
PARTNER
MCDERMOTT WILL & EMERY
Tony Maida works closely with the Firm's health and white-collar teams on criminal, civil and administrative investigations. Tony
also counsels clients on corporate transactions and compliance programs. He has extensive experience in health care fraud and
abuse and compliance issues, including the federal Anti-Kickback and Physician Self-Referral/Stark laws, false claims and
overpayments, and government investigations.
Tony previously served in the Office of Counsel to the Inspector General (OIG) at the US Department of Health and Human
Services. As deputy chief of the Administrative and Civil Remedies Branch, he led a team of lawyers representing the agency on
False Claims Act and Civil Monetary Penalty Law cases, including conducting investigations and negotiating settlements and
corporate integrity agreements in some of the largest settlements obtained by the United States. He participated in defending
the OIG in numerous exclusion appeals.
Additionally, Tony was the principal author of the OIG's current Self-Disclosure Protocol and the 2009 Open Letter, and was the
principal author of the Notice of Proposed Rulemaking for the OIG's civil monetary penalty authorities. Tony provided technical
assistance to Congress on related provisions of the Affordable Care Act.
Tony also has advised at the Centers for Medicare and Medicaid Services on policy issues, including the Medicare and
Medicaid Overpayment Rule, and has lectured on health care fraud and abuse issues at Boston University School of Law and
American University Washington College of Law.
Prior to his government service, Tony represented hospitals and physician practices on health care regulatory and corporate
compliance issues. During law school, Tony was the editor of the 2001 Symposium issues of the American Journal of Law and
Medicine.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Michael Manocchio
EXECUTIVE DIRECTOR, HEALTHCARE SERVICES
OPPENHEIMER & CO., INC.
Michael Manocchio is an Executive Director in Oppenheimer’s Healthcare Investment Banking group where he covers the
managed care and healthcare services sectors. Over his career, Mr. Manocchio has closed over 25 transactions valued in
excess of $4.0 billion.
Prior to Joining Oppenheimer, Mr. Manocchio was a Vice President of Healthcare Investment Banking at Morgan Joseph
TriArtisan from 2010 to 2013
From 2007 to 2009, he served as an associate in the structured asset finance group at Wachovia Securities where he worked
with corporate clients to unlock value via alternative sources of capital.
Mr. Manocchio earned a Masters of Business Administration from Columbia University where he graduated Beta Gamma Sigma
with concentrations in finance and economics and a Bachelor of Science degree from the Florida State University where he
graduated Phi Beta Kappa.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Roger Marrero
MANAGING PARTNER
COMVEST PARTNERS
Roger Marrero is a Managing Partner and serves as a member of the Firm’s Executive Committee and the Investment
Committee for Comvest’s private equity strategy. He has led investments in a variety of industry sectors including healthcare,
business services, media, communications and financial services. Roger is responsible for all key aspects of the investment
process including sourcing, transaction execution, and portfolio company oversight.
Prior to joining Comvest, Roger was a Principal with ABRY Partners, a leading private equity firm focusing on buyouts,
recapitalizations and growth capital investments in the media, information services and healthcare industries. Prior to ABRY
Partners, he worked at Apax Partners, a global private equity fund focused on healthcare, media, IT, retail and financial
services. Roger also previously worked at Hicks, Muse, Tate & Furst, and started his career at Goldman Sachs in the Mergers
and Acquisitions Group.
Roger received an M.B.A. from Harvard Business School and a B.B.A and B.A. from the University of Texas at Austin.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Lynn Massingale, MD
CO-FOUNDER AND CHAIRMAN
TEAMHEALTH
Lynn Massingale MD, FACEP, Chairman of TeamHealth, Inc., is a nationally recognized entrepreneurial leader in multihospital
healthcare services delivery. One of the largest providers of outsourced physician staffing solutions for hospitals in the United
States, TeamHealth is affiliated with more than 16,000 affiliated healthcare professionals who provide emergency medicine,
anesthesia, hospital medicine, critical care, anesthesiology, orthopedics, general and trauma surgery, obstetrics, post-acute
care, urgent care, and pediatric staffing and management services to approximately 3,400 civilian and military hospitals, clinics,
and physician groups in 47 states. Revenue was $4.6 billion in 2016. As a founder of TeamHealth’s predecessor company in
1979, Dr. Massingale led the organization through regional then national growth, two rounds of private equity ownership, one
round of public company ownership, a leveraged buyout and through its successful 2009 IPO and NYSE listing. In February
2017, TeamHealth was acquired by The Blackstone Group in a $6.1 billion LBO.
Dr. Massingale has served in many professional capacities in industry organizations, was named a “Hero of Emergency
Medicine” by the American College of Emergency Physicians in 2008 and has been named among the country’s most powerful
physicians by Modern Healthcare.
TEAMHEALTH, INC., Knoxville, TN
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Executive Chairman, 2009 – 2017
Founder and Chief Executive Officer, 1979 – 2009
LEADERSHIP
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Board of Directors, TeamHealth, 1999 – Present
Board of Directors, Drayer Physical Therapy, 2010 - Present
Board of Directors, Health Insights, 2010 – Present
Board of Directors, Valitas Health Services, 2011 – Present
Board of Directors, Nashville Health Care Council, 2007 – 2008, 2014 – Present
Chairman, Emergency Department Practice Management Association, 2003-2005
Medical Director, Division of Emergency Medical Services, State of Tennessee, 1989 - 1993
AWARDS
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EY Entrepreneur of the Year Southeast, Ernst & Young, 2014
Heroes of Emergency Medicine, American College of Emergency Physicians, 2008
Modern Healthcare/Modern Physician’s 50 Most Powerful Physician Executives
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Stephanie S. McCann
PARTNER
MCDERMOTT WILL & EMERY
Stephanie S. McCann focuses her practice on corporate finance. She represents private equity groups, commercial lending
institutions and major public and private companies in connection with the structuring, negotiation and documentation of secured
and unsecured financing transactions, including senior, mezzanine and subordinated debt transactions, acquisition financings,
loan workouts and restructurings.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Brian McCarthy
VICE CHAIRMAN, CO-HEAD OF HEALTHCARE INVESTMENT BANKING
BANK OF AMERICA
Brian McCarthy is Vice Chairman of the Healthcare Investment Group at Bank of America Merrill Lynch in New York City. In this
role and as the senior client coverage banker, he is responsible for many of the bank’s most important healthcare service
clients. Brian joined BAC in 2012, and has been in the financial services industry for 25 years. Prior to his current role, Brian was
a financial adviser on over 100 M&A transactions representing an aggregate transaction value in excess of $75 billion. Brian has
also spent time with JP Morgan, as Co-Head of Healthcare Investment Banking, and as a Managing Director and Co-Head of
Healthcare at Lehman Brothers, where he was a member of Lehman Brothers’ Senior Client Council.
Brian completed his B.A. at Brown University in 1981 and his M.B.A. at the Wharton School of Business in 1986. Brian is also
involved as a member of the Advisory Counsel of the Brown University School of Public Health and as a Board Member at the
Sacred Heart School in Highbridge, New York.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Andrew W. McCune
PARTNER
MCDERMOTT WILL & EMERY
Andrew W. McCune focuses his practice on representing private equity funds and their portfolio companies on structuring and
negotiating complex business transactions, including domestic and cross-border mergers and acquisitions, divestitures, control
and growth equity financings, incentive plans and general corporate matters. He represents traditional committed fund sponsors
as well as alternatively funded sponsors and investors, management teams, purchasers and sellers in diverse industries and
market segments. He regularly acts as lead counsel for the portfolio companies of private equity fund clients on their strategic
and commercial matters.
Andrew’s experience encompasses numerous domestic and international leveraged transactions involving financial, as well as
strategic parties. He also represents institutional co-investors and growth equity investors, and advises investment principals on
a range of formation, organization and transition issues.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Kevin L. Miller
PARTNER
MCDERMOTT WILL & EMERY
Kevin L. Miller primarily represents private equity sponsors and their portfolio companies with respect to the corporate,
securities, tax and regulatory aspects of complex transactions, including leveraged buyouts, in the health services and life
sciences industries. Kevin also represents publicly traded health care companies, academic medical centers and nonprofit
health systems with respect to mergers and acquisitions, debt and equity investments, strategic affiliations and joint ventures.
As a transactional lawyer with extensive health regulatory experience, Kevin routinely counsels clients in evaluating health care
industry trends and investment opportunities. He has the unique knowledge and experience critical to the efficient and
successful structuring and negotiation of transactions involving health care companies. Kevin's industry focus also means that
clients receive seamless legal counsel regarding the complex strategic and operational issues facing health care providers and
investors throughout the investment life cycle.
Having advised clients on transactions, affiliations and investments in businesses and operations throughout Europe, Asia,
Africa, South American and North America, Kevin also has the knowledge and experience necessary to advise clients with
respect to cross-border transactions, foreign hospital project investments and multinational clinical operations.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Michael G. Morgan
PARTNER, GLOBAL HEAD OF PRIVACY AND CYBERSECURITY
MCDERMOTT WILL & EMERY
Michael G. Morgan is a leader of the Firm’s Global Privacy and Cybersecurity practice and has been recognized as one of the
nation’s leading lawyers in cyber incident response. He has guided clients through some of the largest and most complex data
breaches, including foreign state-sponsored attacks, breaches involving more than 50 million records, and incidents affecting
persons in more than 100 countries around the world. Drawing on two decades of experience in privacy and cybersecurity
matters, he routinely represents clients in the response to cyber incidents, defense of breach-related government investigations
and class litigation, post-breach remediation, and pre-breach planning and preparation.
Mike also counsels clients on programs for compliance with US and international laws and regulations relating to privacy and
cybersecurity, including enterprise-wide initiatives for compliance with the EU’s General Data Protection Regulation, the US/EU
Privacy Shield, as well as other mechanisms for cross-border data transfers. An experienced first-chair trial lawyer, he has
resolved scores of privacy and cybersecurity-related cases through mediation and other forms of ADR. He also has deep
experience in the defense of consumer class actions and government investigations by the FTC, CFPB, FCC and state
attorneys general relating to data security and privacy. Before joining his prior firm, Mike was vice president and general counsel
of a web app development company.
Mike speaks frequently at conferences in the US and overseas and is the author of numerous publications. He is a Certified
Information Privacy Professional (CIPP/US) by the International Association of Privacy Professionals (IAPP).
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Patrick Morrisey
ATTORNEY GENERAL OF WEST VIRGINIA
Patrick Morrisey was elected as the Attorney General for the State of West Virginia on November 6, 2012, and reelected to a
second term Nov. 8, 2016. He was initially sworn into office on January 14, 2013.
Patrick Morrisey is the first Republican to serve as Attorney General in West Virginia since 1933, and as a resident of Harpers
Ferry, Morrisey is also the first Attorney General from Jefferson County in our state's history.
Since becoming Attorney General, Morrisey has made fighting fraud, waste, abuse, and corruption a top priority of the Office.
Shortly after taking office, he instituted a new policy for hiring outside counsel that has dramatically increased transparency and
saved the state more than $4 million. He has also returned approximately $36.25 million in monies to the state and has brought
in many millions more to state agency clients and consumers. View Patrick's online biography by clicking the link below.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Sage Nakamura
SENIOR MANAGING DIRECTOR
CAPITAL ONE
Sage Nakamura is a Senior Managing Director with Capital One, N.A. where he leads Capital Markets structuring for corporate
loans. The group is responsible for structuring syndicated corporate loans for Commercial & Industrial, Healthcare, Technology,
Energy, Sponsor, and Financial Institutions. He joined Capital One in December 2015, after 15 years in capital markets sales
and structuring roles at GE Capital, most recently as the head of the healthcare capital markets. Sage joined GE Capital in 2001
as a Vice President, and helped develop the loan syndications, sales and trading function. Sage was promoted to Senior Vice
President in 2004, and as a senior member of the Sales Desk, assumed sales responsibility for GE’s key loan investors. In
2007, he was promoted to a Managing Director and assumed new responsibilities as the Syndicate Manager for cash flow loans
originated by Healthcare Finance, Sponsor Finance, Corporate Finance, and Franchise Finance. In this role, Sage crafted
syndication strategies, acted as a liaison between Sales and Structuring, determined investor allocations, and was responsible
for capital markets deal approvals.
Sage entered Summit Bank’s (now part of Bank of America) management training program in 1995, and held various corporate
loan underwriting and origination positions through 2001.
He graduated with a B.S. degree from Skidmore College, where he double-majored in economics and business, and received
his MBA from Seton Hall University.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Joshua Nelson
MANAGING DIRECTOR
THOMAS H. LEE PARTNERS
Joshua Nelson is a Managing Director at Thomas H. Lee Partners. Prior to joining Thomas H. Lee Partners, Mr. Nelson worked
at JPMorgan Partners, the private equity affiliate of JPMorgan Chase. He also worked at McKinsey & Co. and The Beacon
Group, LLC. Joshua joined Thomas H. Lee Partners in 2003.
Mr. Nelson is currently a director of CSafe Global, Curo Health Services, Healthcare Staffing Services, Intermedix Corporation,
inVentiv Health, Inc., Party City, Professional Physical Therapy (ProPT) and Hawkeye Energy Holdings. His prior directorships
include 1-800 CONTACTS, Inc. and prior investment experience at Thomas H. Lee Partners includes Warner Chilcott, Clear
Channel Communications, Cumulus Media and Nortek.
Mr. Nelson holds an A.B., summa cum laude, in Politics from Princeton University and an M.B.A. with Honors from Harvard
Business School.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Gregory Nersessian
MANAGING PRINCIPAL
HEALTH MANAGEMENT ASSOCIATES
Gregory Nersessian joined Health Management Association (HMA) in 2010 and leads the firm’s engagement activity with the
investment community. In this role, Greg manages all due diligence projects on behalf of the firm’s private equity clients and
monitors state and federal activity relevant to publicly-funded healthcare programs for investment and corporate clients. Greg
also leads HMA’s transaction-related diligence engagements for corporate clients, having worked on Aetna’s acquisition of
Coventry, Molina’s acquisition of Providence Human Services and Blue Shield of California’s acquisition of Care1st among
others.
Having followed the Medicaid managed care industry for over fifteen years, Greg has extensive experience tracking key policy
and market developments impacting the sector from both an operational and financial perspective. In addition to his direct client
work, Greg publishes the HMA Weekly Roundup, a weekly newsletter that tracks key developments and emerging trends in
state sponsored healthcare programs. Greg joined HMA after serving as a Senior Analyst in the equity research department at
Credit Suisse covering the managed care industry. In this role, Greg focused extensively on the Medicaid managed care sector,
and was considered a thought leader for his work in this area. He joined Credit Suisse in May 2006, after spending five years at
Lehman Brothers, with primary coverage responsibilities for the Medicaid managed care and disease management industries.
Greg earned his Bachelor of Arts degree from Georgetown University, and his Masters in Business Administration from the
Darden School of Business at the University of Virginia.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Maureen O'Brien
PARTNER
MCDERMOTT WILL & EMERY
Maureen O'Brien advises clients on a broad range of employee benefits matters, including qualified plan design, welfare plan
design, employee benefit plan compliance issues, fiduciary matters, multi-employer pension plan issues and nonqualified
deferred compensation plans.
Maureen advises a wide variety of clients, including public companies, private equity and venture capital funds, and private
companies regarding employee benefits issues. She has extensive experience assisting clients with issues affecting employee
benefit plans in sales, acquisitions, spin-offs and other corporate transactions, as well as with employee benefits issues arising
from restructuring proceedings, including plan terminations.
Maureen also advises clients in connection with multi-employer plan withdrawal liability issues. She has represented clients
before the Internal Revenue Service with respect to corrections under the Employee Plans Compliance Resolution System and
to favorable determination letter applications, minimum funding waiver applications and private letter rulings. Maureen has also
represented clients before the Pension Benefit Guaranty Corporation with regard to defined benefit plan termination issues and
before the US Department of Labor with respect to audits and prohibited transaction exemption applications.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Kenneth O'Keefe
CHIEF EXECUTIVE OFFICER
PETTY O’KEEFE & COMPANY
Prior to becoming a Founding Principal of Beecken Petty O’Keefe & Company in 1996, Kenneth O’Keefe was an investment
banker and financial advisor to healthcare companies. From 1989 to 1996, he worked at First Chicago (now JP Morgan Chase)
and a related joint venture. Prior to that, he worked in the Corporate Finance Department at Smith Barney, Inc. in New York,
specializing in public offerings and mergers and acquisitions for healthcare companies.
Ken serves or has served on the Board of Directors of Corizon, himagine solutions, Inc., Jazz Pharmaceuticals plc, Origin
Healthcare Solutions, PerfectServe, Inc., Same Day Surgery, LLC, and TeamHealth, Inc. Ken is also Chairman of the Board of
Trustees of Marillac/St. Vincent Family Services, a Member of the Steering Committee of The Chicago Community Trust LGBT
Fund, and a Member of the Advisory Board of The Polsky Center for Entrepreneurship and Innovation – The University of
Chicago Booth School of Business.
Ken received a B.A. degree in economics from Northwestern University and an M.B.A. degree in finance from the University of
Chicago Booth School of Business.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Dayton Ogden
HEAD OF TALENT AND RECRUITING
SUMMIT PARTNERS
Dayton Ogden works with Summit’s portfolio companies and investment teams to identify and recruit high-impact senior
executives and board members.
Prior to Summit, Dayton ran the CTPartners practice serving venture capital and growth equity clients and their portfolio
companies across executive, board and partner/principal investor searches. Previously, he was a cofounder of full-service
technology recruiting boutique Fortis Partners and a senior associate at Spencer Stuart. Before that, he was one of the first
salespeople at SoBe, a start-up in the nutraceutical beverage category that was acquired by Pepsi.
Dayton holds a BA in American Studies, with highest distinction, from Wittenberg University.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Charles D. Overstreet
GLOBAL SEGMENT LEADER
FTI CONSULTING
Charles Overstreet is a Global Segment Leader of FTI Consulting Health Solutions segment and is based in Brentwood. Mr.
Overstreet has exceptionally broad and varied experiences throughout the continuum of the Healthcare Industry.
Mr. Overstreet’s work focuses on assisting clients with creating innovative solutions to delivering and funding patient care that
capitalizes on their strengths, responds to the future healthcare needs of their communities, and enhances their compliance with
all applicable guidelines.
He has led performance improvement and operations restructuring engagements for numerous healthcare organizations
throughout the United States and Southern Canada. He has provided leadership to clients in developing strategic options in
regard to possible mergers, development of integrated systems, development of physician networks, negotiations with managed
care companies, and the establishment of other alliances. He has also assisted a number of clients in the exploration of
strategic business options, including service expansion, consolidation, and divestiture of non-performing assets. All of these
engagements have focused on balancing market demands and operating strategies with prudent economics.
Mr. Overstreet also has detailed experience in the development of corporate compliance programs; compliance with Federal
and State payment guidelines (documentation, coding, billing, and payment) for healthcare services and Medicare Advantage
health plans; and responses to investigations by the US Department of Health and Human Services Office of Inspector General,
Department of Justice, and other regulatory agencies. He has also conducted analysis and testing of documentation, coding and
reimbursement processes to detect inefficiencies and areas of non-compliance. He has assisted with “Self-Disclosures” to
governmental regulatory agencies; the implementation and monitoring of Corporate Integrity Agreements; and supported
numerous clients (payors and providers) in litigation and arbitration related to disputes over payment processes and charging
methodologies for healthcare services.
Mr. Overstreet began his consulting career in the Strategy Practice of Booz Allen & Hamilton, and has held leadership positions
at Arthur Andersen and KPMG. Prior to consulting, he worked at a large academic medical center and an urban community
hospital; he also was a Captain in the U.S. Air Force. He has an M.S. and a B.S. in health systems from the Georgia Institute of
Technology. He is a fellow with the Healthcare Information and Management Systems Society and a member of the Health Care
Compliance Association.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Gregory S. Pachus
MANAGING DIRECTOR AND HEAD OF HEALTHCARE, SPONSOR FINANCE
SILICON VALLEY BANK
Gregory S. Pachus is the head of Silicon Valley Bank's Sponsors Finance practice which focuses on meeting the complex
financing needs of technology and healthcare companies and private equity investors in the middle market. Formerly the
Managing Director and Sector Head of Healthcare and Life Science of the corporate finance division for Silicon Valley Bank, he
managed a nationally focused team concentrating on the Healthcare and Life Science (Med Device, Healthcare IT, and TechEnabled Healthcare Service) sectors. In addition, he focused on sponsor backed, leveraged finance/buyout deals in the same
sectors.
Before joining SVB in February 2010, Pachus was a managing director at NewStar Financial, Inc. in Boston. He headed up the
healthcare and medical device lending group within the middle market division of this nationally focused, specialty finance
company with approximately $3 billion in lending capacity. NewStar’s focus was on private equity-backed, leveraged finance
deals.
He joined NewStar Financial, Inc. in April 2005 after eight years with Brown Brothers Harriman in Boston, where he was a senior
vice president with the health care and medical-device lending group. Pachus played a leading role in the development and
expansion of the medical technology and health care commercial banking business. He worked with numerous early-, mid-, and
late-stage service and device companies to originate and restructure debt, manage corporate liquidity and provide strategic
counsel.
Prior to Brown Brothers, Pachus held senior lending positions with BankBoston, Fleet Bank, and Bank of New England, focusing
on general corporate lending and workout/distressed lending across a number of industries including commercial real estate,
petroleum distribution, and media/communications.
Pachus is a graduate of Williams College in Williamstown, Mass., and is a licensed securities representative. Also, he is a
member of Mass Medic, ACG, LCD Leveraged Loan Group, and the Middle Market Private Equity and Investment Banking
Association.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Philip Pfrang
US MANAGING PARTNER, LIFE SCIENCES & HEALTH CARE M&A TRANSACTION SERVICES
DELOITTE
Philip, Deloitte & Touche LLP, is the US Managing Partner for LS&HC M&A Transaction Services. Phil has assisted clients with
more than 800 completed or proposed transactions in a broad cross-section of industries including medical devices/supplies,
acute care hospitals, surgical facilities, outpatient facilities, skilled nursing facilities, home health, infusion therapy,
psychiatric/behavioral care, physician staffing & physician practice management, managed care, and Medicare advantage.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Philip Pucciarelli
MANAGING DIRECTOR
BMO CAPITAL MARKETS
Philip Pucciarelli is a Managing Director in the Healthcare Investment Banking Group at Bank of Montreal (BMO). He joined
BMO in August 2014 and has been charged with leading and expanding BMO’s Healthcare Services platform. Since he joined,
BMO has executed over 50 Healthcare Services transactions across the equity, debt and M&A spectrum. During his 18 year
career, Mr. Pucciarelli has assisted clients in raising in excess of $90+ billion in equity and debt capital and has acted as a
strategic advisor in several of the benchmark M&A transactions in coverage focus areas.
Prior to joining BMO, Mr. Pucciarelli spent the past 12+ years at Bank of America Merrill Lynch in the Healthcare Corporate &
Investment Bank leading the firm’s efforts across the healthcare provider and physician services landscapes. Prior to joining
Bank of America in 2002, he worked for three years in the Healthcare Investment Banking Group at UBS. Mr. Pucciarelli also
worked at Salomon Smith Barney from 1998 to 1999.
Mr. Pucciarelli holds a Bachelor of Science Degree in Finance and Information Systems from New York University.
Mr. Pucciarelli lives in Manhattan with his wife, Joann, and their daughter, Olivia Reece.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Kevin Y. Qian
PARTNER
MWE CHINA LAW OFFICES
Kevin Y. Qian, a Partner of MWE China Law Offices, advises companies on their direct investments in China.
Kevin has represented hundreds of multinationals and Fortune 500 companies on matters that include investments into a joint
venture company or establishing a wholly owned company, cross-border mergers and acquisitions, venture capital and private
equity investments, and strategic alliances. He has experience in a wide range of industries and areas, from manufacturing,
energy and chemicals, to health care, pharmaceuticals, food and beverages, and commercial retail.
Kevin also heads MWE China’s Private Client Practice Group, with an extraordinary focus on clients’ specific, unique objectives,
and has extensive experience in serving high-net-worth individuals and families in taxation, wealth transfer, estate and business
planning, and divorce matters.
In addition to his more than 25 years of legal practice, Kevin’s experience includes roles as the following:
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Faculty member of the East China University of Political Science and Law
Lawyer at a prominent Shanghai-based law firm, where he focused his practice on financial, commercial and intellectual
property law
Partner of the largest law firm in Shanghai, where he served as a key director of its executive committee
Senior legal counsel of Philips Electronics in Asia, where he was responsible for legal matters concerning Philips’ 30 wholly
owned and joint venture enterprises throughout the region
Deputy general manager and legal counsel for PepsiCo Investment China Co., Ltd., where he managed more than 40
wholly owned and joint venture enterprises in the beverage, restaurant and snack food industries
Head of the Asia Pacific and China Practice Group at a leading US law firm
Currently, Kevin serves as an independent director of China Minsheng Property Investment Corp., Ltd. He also served as an
independent director of SAIC Motor Corporation, Ltd. and Shanghai Jiao Da Onlly Co., Ltd.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Ira J. Rappeport
PARTNER
MCDERMOTT WILL & EMERY
Ira J. Rappeport advises clients on mergers, acquisitions, affiliations, joint ventures and divestitures. He handles numerous
issues relating to new corporate structures, organization and operation of for-profit and nonprofit organizations, partnerships and
limited liability companies (LLCs).
Drawing on more than 30 years of experience, Ira represents health systems and other entities (in health care and other
industries) in the acquisition and divestiture of businesses and business lines. He handles asset transfers and transactions
related to stock, mergers and other affiliations. Ira has been lead counsel on high-profile, multi-facility acute care hospital
acquisition and divestiture transactions, nationally and regionally, as well as on a variety of smaller transactions designed to
address the strategic positioning needs of clients.
Ira's unique focus on mergers and acquisitions in the health care industry has given him important knowledge and skill that is
critical to the successful negotiation, documentation and closing of health industry transactions, including his ability to advise
clients on the current trends and customs in health industry transactions.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Stephan Rau
PARTNER, HEAD OF EUROPEAN HEALTH CARE PRACTICE
MCDERMOTT WILL & EMERY
Dr. Stephan Rau focuses his practice on mergers and acquisitions (M&A) transactions, mainly in the health and life science
sector, health care regulation, including academic organizations, and related compliance. He is the head of the Firm’s Health
Law Practice Group in Europe.
In 2004, Stephan was an adviser on the foundation of the first German corporate medical centre. Since then he has represented
numerous investors, health care service providers, pharmaceutical and medtech companies, as well as governmental entities in
M&A transactions, outsourcing projects, and licensing and reimbursement proceedings.
Stephan speaks regularly at health care conferences and is the author of numerous publications on German corporate and
antitrust law, health care and life science regulation, as well as Russian privatization and antitrust law. A certified interpreter and
translator for Russian, Stephan has practiced for international law firms in Moscow, Hamburg and Berlin.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
J. Peter Rich
PARTNER
MCDERMOTT WILL & EMERY
J. Peter Rich has practiced almost exclusively in the health law field for more than 35 years, and routinely advises hospital
systems, health plans and other health insurers, large medical groups and other providers, accountable care organizations
(ACOs) and other clinically integrated networks, private equity companies and other health industry clients on a wide variety of
complex transactions, health regulatory matters, hospital-medical staff matters and health industry disputes. For more than a
decade, Peter has served as outside general counsel to the board of directors of one of the nation’s largest and most successful
physician-owned malpractice insurance cooperative interindemnity arrangements. He co-chairs the Firm’s Insurance/Payors
Affinity Group.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Stefano F. Robertson
MANAGING DIRECTOR
GOLUB CAPITAL
M. Stefano Robertson originates, executes and monitors investments for the firm. Prior to joining Golub Capital, Mr. Robertson
spent eight years with Antares Capital Corporation, where he led the structuring, underwriting and documentation of
transactions. Mr. Robertson also ran Antares Special Opportunities Partners, a distressed debt investment vehicle. Prior to
Antares, Mr. Robertson spent three years at LaSalle Bank N.A. Mr. Robertson graduated cum laude from Babson College with a
BS in finance and investments and has an MBA from Northwestern University’s J.L. Kellogg Graduate School of Management.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
John Rompon
MANAGING PARTNER
MARJO INVESTMENTS, LLC
Over the course of his 25-year career, John Rompon has played a leading role in virtually every aspect of private company
activity - structuring transactions as a lawyer, improving operations and developing strategy as a management consultant,
starting companies as an entrepreneur, leading management teams as a CEO, and deploying capital as an investor.
He brought these experiences to bear in founding Marjo Investments LLC, a firm focused on making and managing private
company investments alongside family offices. John's combination of operational and investment experience has allowed him to
create enduring value in a variety of complex private company settings. During the last 6 years, John has lead investments in
companies with an aggregate enterprise value of more than $800 million.
Prior to founding Marjo Investments, John was the co-founder and Managing Partner of McNally Capital, a firm dedicated to
serving the full range of family office private equity needs. He was previously a founding member and principal in HewlettPackard's global Business Process Outsourcing group, where he led transactions in India, Europe and Latin America. Before
joining HP, John was the CEO of Brigade, a General Atlantic Partners portfolio company based in Hyderabad, India that focuses
on delivering business process outsourcing services to companies in Europe and the North America. John led a team that
acquired Brigade in a management buyout and he continues to be the co-owner of the company.
As a partner with First Consulting Group, a healthcare technology-consulting firm, he established a captive venture capital firm
and two consulting practices. Prior to FCG, he was a founding partner of SAI, Inc., a healthcare consulting and investment firm,
which he and his partners sold to Perot Systems. John also served as a senior associate with the consulting firm Booz Allen
Hamilton and as a lawyer with Latham & Watkins.
John sits on a variety of private company boards. He is also active in his community, currently as a Trustee of the Newberry
Library; in the past, he has focused his philanthropic energies in the areas of education and literacy. He is also a regular
speaker regarding the role that private investing can play in advancing a family’s economic and non-economic objectives.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Greg Roth
FORMER CHIEF EXECUTIVE OFFICER
TEAMHEALTH
Greg Roth joined TeamHealth, Inc. in November 2004. After serving as President and Chief Operating Officer, Mr. Roth was
promoted in May 2008 to Chief Executive Officer. He remained in the Chief Executive Officer role until his retirement in
September 2014.
Prior to joining TeamHealth, Mr. Roth was employed by HCA – The Healthcare Company in January 1995. Beginning in July
1998, Mr. Roth served as President of HCA, Ambulatory Surgery Division. Prior to his appointment as President, Mr. Roth
served in the capacity of Senior Vice President of Operations, Western Region from May 1997 to July 1998 and the Division’s
Chief Financial Officer from January 1995 to May 1997. Prior to these positions, Mr. Roth held various financial and operational
positions in the healthcare industry.
Greg currently serves as a director of Civitas Solutions, Inc. (NYSE: CIVI), One Call Care Management, Physicians Endoscopy,
Press Ganey Holdings, Inc. (NYSE: PGND), and Specialty Care. In addition, he is a founding partner of Guidon Partners, a coinvestment firm that focuses on healthcare growth companies.
Greg received a Masters Degree in Health and Hospital Administration from Xavier University and a Bachelor of Science Degree
in Allied Health Professions from Ohio State University. He is a Certified Public Accountant (CPA) and a Registered Respiratory
Therapist.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Sarah Roth
PARTNER
THE RIVERSIDE COMPANY
Sarah Roth is a Partner at The Riverside Company, a $5B global private equity firm that invests in businesses valued at up to
$400 million. Sarah co-heads the healthcare services and business services industry specialization teams for Riverside’s
flagship fund. She is currently a director of The Dwyer Group, a leading franchisor of home services brands such as Mr. Rooter,
Molly Maid, and Aire Serv. Prior to joining Riverside, Sarah worked for Merrill Lynch Ventures, a diversified private equity fund.
She began her career as an investment banking analyst at Merrill Lynch. Sarah earned a BA in political science from Williams
College and an MBA from Northwestern University’s Kellogg School of Management.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Todd Rudsenske
MANAGING DIRECTOR
CAIN BROTHERS
Todd Rudsenske co-leads Cain Brothers’ Behavioral Health Advisory practice and leads the Firm’s Financial Sponsors and
Corporate Private Placement Advisory practices. Mr. Rudsenske joined Cain Brothers in 2003 and has 24 years’ experience
advising private and public companies in a variety of merger and acquisition, capital raising, and strategic advisory transactions.
Todd’s notable transactions include the sale of Foundations Recovery Network to N Pritzker Capital Management, the sale of
Remuda Ranch to The Meadows, the sale of US Community Behavioral to Bregal Partners, the sale of Camelot to Sequel, and
CRC Health Group’s acquisition of Habit Opco. He is a frequent speaker on the subject of private equity investment in the
healthcare sector and has also authored or co-authored several articles on the business of healthcare, one of which was
published by Health Affairs.
PRIOR EXPERIENCE
Prior to joining Cain Brothers, Mr. Rudsenske was at Merrill Lynch in that firm’s Palo Alto office specializing in equity private
placements. Prior to that, Mr. Rudsenske was in Merrill Lynch’s New York office where he was focused on healthcare mergers
& acquisitions for not-for-profit organizations. Prior to Merrill Lynch, Mr. Rudsenske was in Ernst & Young’s Corporate Finance
Group, focusing on executing strategic transactions for that firm’s healthcare clients. He began his career on the audit staff of
Ernst & Young in Dallas.
EDUCATION
Mr. Rudsenske earned a BBA in Finance and Accounting from Texas A&M University and earned his MBA from the Columbia
Business School. Mr. Rudsenske is also a Certified Public Accountant.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Bryan Rupprecht
MANAGING DIRECTOR
MIDCAP FINANCIAL
Bryan Rupprecht is a Managing Director in the Leveraged Finance & Financial Sponsors Group where he is a Team Leader
responsible for originating and structuring senior and junior capital for middle market companies. Mr. Rupprecht was
instrumental in obtaining an SBIC License for MidCap. He has over 15 years of experience in finance. Mr. Rupprecht has held
leadership roles previously at Merrill Lynch Capital, Heller Financial and GE Capital. He began his career at Houlihan Lokey
Howard and Zukin. Mr. Rupprecht holds an M.B.A. from Northwestern University’s Kellogg School of Management and a B.S.
from Indiana University.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Joel C. Rush
PARTNER
MCDERMOTT WILL & EMERY
Joel C. Rush focuses his practice on transactional and health care regulatory matters affecting publicly traded and privately held
health care companies, including mergers and acquisitions, debt and equity investments, strategic affiliations and joint ventures.
He has extensive experience working on mergers and acquisitions for hospital and health system and post-acute provider
clients and regularly represents private equity sponsors and their portfolio companies with respect to complex transactions in the
health care services industry.
Previously, Joel was an associate in the health care and corporate services groups in the Washington, DC, office of a national
law firm. While in law school, he served as notes and comments editor of The Journal of Business and Technology Law.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Michael J. Schoenbach
MANAGING DIRECTOR
AON FINANCIAL SOLUTIONS
Michael J. Schoenbach has been responsible for the creation of new markets for difficult risks as well as the development of
new and unique M&A insurance products, i.e., Reps & Warranties, Tax Indemnity Insurance, CFIUS, Topping and Loss
Mitigation/Litigation Insurance. Michael has 30+ years of experience in financial services and insurance brokerage including
financial consulting, litigation support and creation of an underwriting model for a major underwriter of Professional Liability. He
began his career with Deloitte in Boston and New York and previously managed the finance department of a public company.
Michael co-leads the Aon Transaction Solutions Practice, which today includes 19 former M&A/Tax attorneys, litigators and
arbitrageurs in 8 cities in North America, and is supported by a cadre of similar professionals in Bermuda, London, Frankfurt,
Rotterdam, Sydney & Hong Kong.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Mark S. Selinger
PARTNER
MCDERMOTT WILL & EMERY
Mark S. Selinger focuses his practice on two areas: the representation of private equity funds and family offices in all aspects of
their business, including initial and follow-on investments, workouts, refinancings and exit transactions, and the representation of
public and private US and Israeli technology and life sciences companies, in public offering, private placement and merger and
acquisition transaction.
In his representation of private equity and family office clients, Mark has extensive experience in highly structured investments.
He also has experience in the acquisition of assets and companies out of (or in lieu of) bankruptcy, on behalf of financial and
strategic investors.
In his representation of public companies, Mark has been involved in several complex cross-border transactions, including the
first acquisition of an Israeli NASDAQ-listed company by a US public company under the Israeli merger laws. Mark also advises
his public company clients on disclosure and compliance issues arising under US securities laws, including NYSE and NASDAQ
regulations.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Kaustuv Sen
PRINCIPAL
BLUE SEA CAPITAL
Kaustuv Sen is a Principal at Blue Sea Capital and a member of the firm’s Investment Committee. Kaustuv focuses on the firm’s
Healthcare investing initiatives and is responsible for establishing quality relationships with business owners and executives,
sourcing and executing private equity transactions and assisting in the transformational growth of middle market companies.
Prior to joining Blue Sea Capital, Kaustuv was at MSD Capital and was previously a Principal at Bain Capital, where he spent
over a decade across the firm’s Boston, London, Mumbai and New York offices with a particular focus on healthcare and
financial services investments. Prior to Bain Capital, he was an Associate at Mercer Management Consulting (now Oliver
Wyman) and an Analyst in the M&A group at Merrill Lynch.
In his spare time, Kaustuv enjoys spending time with family and friends, skiing, playing squash, international travel and attending
art and cultural events.
EDUCATION
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A.B., Harvard College
M.B.A., Stanford Graduate School of Business
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Roy Serpa
PRESIDENT AND CHIEF EXECUTIVE OFFICER
LAKEVIEW HEALTH
Roy Serpa has been an industry leader in behavioral health and home health for nearly 30 years with experience leading facilitybased and free-standing substance abuse and home health agencies. Roy is committed to keeping Lakeview Health a leader in
the addiction treatment industry and becoming a center of excellence along with being an employer of choice for addiction
treatment and mental health services. A proven industry leader with 30 years’ experience in the Home Health Arena &
Behavioral Health, he was previously responsible for the oversight and management of annual revenues in excess of $250M
and 15,000+ patients and 7,000 employees. Experience includes facility-based and free-standing Substance Abuse and Home
Health Agencies; Mergers & Acquisitions; Executive Leadership & Management; Executive Sales Management; Turn-Around
Management; Compliance & Regulatory.
Roy also served as a Board member of Castlewood Treatment Center. His role included supporting the Castlewood Board and
Executive Management in leading the Nationally Accredited treatment facility and its qualified, experienced treatment team and
leveraging Castlewood’s esteemed reputation for helping people suffering from eating disorders transform to healthier lives.
Castlewood includes new treatment facilities in Monterey, California (Monarch Cove Treatment Center) and Birmingham,
Alabama (Highlands Treatment Center).
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Stephen Shaya, MD
OWNER
J & B MEDICAL
Stephen Shaya, MD graduated from Birmingham Brother Rice High School Summa Cum Laude. He was awarded a Merit
Scholarship to attend Wayne State University. During his time at WSU, Dr. Shaya won many leadership awards including the
Outstanding Student Leader in 1991 and Howard Hughes Medical Institute Research Grant Awardee. He was selected to serve
on the Wayne State University Board of Governors from 1991 to 1993. He attended Wayne State University Medical School and
graduated in 1996. Dr. Shaya subsequently finished training in Family Practice at North Oakland Medical Center and a
fellowship at Wayne State University for Occupational and Environmental Health. Since 2004, Dr. Shaya has been the Chief
Medical Officer of J & B Medical, a global healthcare solutions company.
J & B is a privately held global health care solutions company based in Wixom, Michigan and started in 1996 and has sixteen
different business enterprises and currently has 16 business enterprises and customers in 48 states and 28 countries. This
innovative company has brought many new ideas and solutions forward to the delivery care and continues to strive to improve
patient access and quality. His role oversees all strategy, innovation and growth in our company. By leading the planning and
development of our new enterprises, many describe me as an "intrapreneur", someone who behaves as an entrepreneur within
a large organization. Dr. Shaya has received many recognitions including becoming a Knight of Grace for the Knights of Malta,
the 2015 Global Distinguished Health Care Award from the Center of Economic and Leadership Development, and a United
States Congressional Commendation.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Joshua E. Spielman
PARTNER
MCDERMOTT WILL & EMERY
Joshua (Jed) E. Spielman has a national practice focused on the business aspects of health care law with an emphasis on
mergers and acquisitions, joint ventures and contractual arrangements. Jed serves principally as counsel to private equity funds,
public and private corporations, hospitals, physician practices and strategic investors in connection with a wide range of
transactional, corporate, regulatory and governance matters.
Jed has devoted much of his practice to private equity transactions, including acquisitions, divestitures, growth capital
investments, joint ventures, debt and equity financings, corporate restructurings and similar commercial dealings. He has also
assisted clients in the development of financial arrangements and transaction structures designed to comply with federal and
state health care laws, joint ventures and affiliations between health care providers, state licensure and issues related to
Medicare and commercial reimbursement.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Martin Sobel
MANAGING DIRECTOR, HEALTHCARE ADVISORY
MARWOOD GROUP
Martin Sobel, Managing Director – As a leader of Marwood’s Advisory Group, Mr. Sobel’s primary responsibility is managing the
execution of all aspects of the Advisory Group’s integrated analysis—federal, state, private and third-party pay, market research,
clinical quality and compliance—for healthcare corporations and investors.
Prior to joining the Marwood Group, Mr. Sobel worked in Washington, D.C. as a health policy advisor to Senator John Cornyn
(TX), a member of the Senate Finance Committee, and Senator Chuck Grassley (IA), former Chairman and ranking member of
the Senate Finance Committee. Mr. Sobel had gone to Washington D.C. as the recipient of the post-graduate David. A. Winston
Health Policy Fellowship.
Mr. Sobel also has prior healthcare industry experience working with the executive office at the Veterans Affairs (VA) New York
Harbor Healthcare System, doing provider contracting at Healthplex (largest dental insurance provider in New York), and
conducting policy research at the Long-Term Care Community Coalition (LTCCC). Mr. Sobel received an M.P.A. in Health Policy
and Management from the NYU Wagner School of Public Service and a B.A. in political science from SUNY-Binghamton.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Jerry J. Sokol
PARTNER, CO-CHAIR OF HEALTH TRANSACTIONS GROUP
MCDERMOTT WILL & EMERY
Jerry J. Sokol concentrates his national practice on the business aspects of health care law with an emphasis on mergers and
acquisitions, joint ventures and various contractual arrangements in the health care industry. He is co-chair of the Firm's national
Health Transactions Group and partner-in-charge of the Miami office.
Jerry has an active health care private equity practice with a focus on leveraged buyout transactions. Jerry and his team are
uniquely qualified to perform the acquisition and finance components of these transactions, as well as the health care-specific
due diligence and regulatory aspects of transactions.
Jerry has developed a particular niche representing ambulatory surgery centers (ASCs) and ASC management companies with
all of their transactional and regulatory needs. His ASC transactional practice ranges from syndicating start-up ASCs,
effectuating the sales of equity interests in existing ASCs to physicians, and buying and selling significant equity positions in
ASCs on behalf of or to large corporate buyers and health systems.
Jerry has substantial merger and acquisition experience in multiple health care services subsectors, including the following:
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Physician practice management and physician outsourcing companies (e.g. anesthesia, dermatology, radiology,
emergency, orthopedics, pain management, ophthalmology, gastroenterology and dental)
Health systems
Imaging
Urgent care
Physical therapy
Pharmacy
Cancer treatment centers
Jerry also has worked with some of the premier health systems around the country in developing and implementing their
physician alignment strategies. Working with the Firm's top-tier health care regulatory and white collar attorneys, Jerry has also
facilitated the negotiations of favorable settlements with the federal government and state governments in a variety if qui tam
actions and other investigations.
Jerry has written numerous articles on a variety of health care legal and business topics, and lectures extensively throughout the
country on a variety of legal topics.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Piper Su
VICE PRESIDENT
MCDERMOTT+CONSULTING
Piper Su is an accomplished legislative and policy strategist focusing on federal health care programs. With more than 15 years
of experience in coverage, reimbursement and care delivery, Piper assists clients in developing and implementing regulatory
and market strategies related to Medicare, Medicaid and private sector programs.
Most recently, Piper led the health policy division for a leading research and technology firm, offering an on-the-ground
perspective on how providers and other stakeholders relate to key policy and market trends. She also has worked as a senior
lawyer at large law firms in the field of health care law and policy, assisting providers, insurers, and drug and device
manufacturers with formal legal advice as well as legislative and regulatory strategies for Congress, the US Department of
Health and Human Services, and the Centers for Medicare and Medicaid Services (CMS).
Previously, Piper served in the US Senate as legislative counsel to Senator Ken Salazar. As his principal advisor for healthcare-related activities on the Senate Finance Committee, she crafted numerous policy proposals that were subsequently
enacted into law through the Medicare, Medicaid and SCHIP Extension Act of 2007; the Medicare Improvements for Patients
and Providers Act of 2008; and the Affordable Care Act.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
R. Marshall Taylor
MANAGING DIRECTOR, NATIONAL HEALTHCARE LEADER FOR TRANSACTION ADVISORY SERVICES
HOULIHAN LOKEY
R. Marshall Taylor is a member of Houlihan Lokey’s Transaction Advisory Services practice. With more than 13 years of
transaction-related experience, he specializes in financial accounting due diligence projects for both private equity firms and
strategic buyers, and advises clients on the assessment of earnings quality, leverage recapitalizations, purchase accounting,
SEC reporting, and GAAP accounting, as well as complex acquisitions involving carve-outs of public and private companies.
Marshall focuses on serving clients in the healthcare and life sciences industries, including acute and sub-acute care hospitals,
anesthesia services and pain management, disease management, durable medical equipment, emergency department and
hospitalist staffing, home health, hospice, intraoperative neuromonitoring, long-term care, managed care, outpatient physical
therapy, skilled nursing facilities, specialty and institutional pharmaceuticals, and substance abuse, as well as other healthcare
service organizations. Additionally, he has performed financial accounting due diligence projects across various other industries,
including manufacturing, entertainment, transportation, consumer products, and software.
Prior to joining Houlihan Lokey, Marshall was a Managing Director in the Alvarez & Marsal Transaction Advisory Group.
Previously, he was a Senior Manager with the Transaction Advisory Services practice of Ernst & Young LLP in Nashville. He
began his career with the Audit & Business Advisory practice of Arthur Andersen.
Marshall earned a bachelor’s degree in business administration and master’s degree in accountancy from The University of
Tennessee. He is a Certified Public Accountant (CPA) in Tennessee, and an active member of the American Institute of
Certified Public Accountants (AICPA) and the Tennessee Society of Certified Public Accountants (TSCPA). He is also an active
member of Leadership Health Care. Additionally, he earned the Chartered Financial Analyst (CFA) designation and is a member
of the CFA Institute and the CFA Society of Nashville. Mr. Taylor was honored as the 2015 Outstanding Young Alum for the
Haslam College of Business.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Geoffrey P. Teillon
PARTNER
AMPERSAND CAPITAL
Geoffrey P. Teillon, who joined Ampersand in 2016, has more than 15 years of private equity experience. Most recently he spent
16 years at Pouschine Cook Capital Management where he invested in several healthcare companies. Prior to Pouschine Cook,
Geoff worked in investment banking at Prudential Securities. Geoff holds a B.A. in Economics from Cornell University and a
M.B.A. from Columbia Business School.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Thomas Thornton
SENIOR VICE PRESIDENT
NORTHWELL HEALTH VENTURES
As senior vice president of Northwell Ventures, Thomas (Tom) Thornton is responsible for identifying and fostering innovative
ideas that enhance the growth of the health system's clinical and nonclinical enterprises.
In this role, he works with senior leadership to develop and advance clinical and nonclinical ideas, bringing them into practice
and the market and building strategic partnerships and relationships within the broader regional ecosystem. Mr. Thornton
manages all the Northwell innovation programs, including technology commercialization, enterprise growth and investment
management.
Prior to Northwell, Mr. Thornton led the Healthcare Innovation Alliance at Cleveland Clinic Innovations, a program aimed at
forming multi-institutional collaborations to foster and accelerate the commercialization of medical innovations.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Erin Turley
PARTNER
MCDERMOTT WILL & EMERY
Erin Turley focuses her practice on employee benefits matters. She has extensive experience handling issues pertaining to the
Employee Retirement Income Security Act of 1974 (ERISA) and employee stock ownership plans (ESOPs).
With respect to ERISA, Erin focuses on employee benefits, including qualified, nonqualified, and executive and deferred
compensation and welfare benefit plans, as well as on regulatory compliance with the Internal Revenue Code, ERISA, the
Consolidated Omnibus Budget Reconciliation Act (COBRA), the Health Insurance Portability and Accountability Act (HIPAA) and
the Patient Protection and Affordable Care Act (PPACA). She also advises employers on the design, implementation and
administration of tax-qualified and nonqualified retirement plans, and health and welfare benefit plans.
Erin regularly represents clients before the Internal Revenue Service and the Department of Labor in audit and correction
matters. She has advised employers on issues raised in connection with corporate mergers, acquisitions and divestitures as
they relate to the various benefit plans maintained by the affected corporate entity or entities.
Erin focuses her ESOP practice on the design and implementation of ESOP transactions and provides ongoing legal counsel to
ESOP-owned companies. She has been involved in hundreds of transactions, including leveraged buyouts, mergers,
acquisitions, and the structuring and financing of ESOPs using private equity. Erin also has extensive experience representing
lenders in designing and negotiating credit facilities specifically tailored to the needs of ESOP-owned companies.
Erin writes and speaks frequently on ERISA and ESOP issues.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Mandar Vadhavkar
MANAGING DIRECTOR
BANK OF AMERICA MERRILL LYNCH
Mandar Vadhavkar is a Managing Director in the Healthcare Investment Banking Group at Bank of America Merrill Lynch
Accountants (Ranked 24th nationally). Mandar has 10 years of investment banking experience and focuses on the Healthcare
services sector exclusively with diverse experience across various Payor / Provider Sectors. Prior to joining Bank of America
Merrill Lynch, Mandar worked for Citigroup as an Assistant Manager in Global Corporate and Investment Banking. He also
worked for Arthur Andersen as a Tax and Regulatory business advisor for cross border mergers and acquisitions transactions.
Mandar graduated from Kelley School of Business, Indiana University with an MBA in Finance, Accounting and Strategy. He is
also certified as a public accountant by the Indian Institute of Chartered Accountants (Ranked 24th Nationally).
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Robbert Vorhoff
MANAGING DIRECTOR AND GLOBAL HEAD OF HEALTHCARE,
GENERAL ATLANTIC
Robbert Vorhoff is a Managing Director and Global Head of Healthcare at General Atlantic, based in the firm’s New York office.
Robbert joined GA in 2003 and currently serves as a member of the board of directors for Alignment Healthcare, eviCore
healthcare, and Oak Street Health. Previous portfolio responsibilities have included MedExpress Urgent Care, Align Networks,
Grupo Qualicorp, RiskMetrics Group, and NYSE Euronext.
Robbert began his career at Greenhill & Co., first in the mergers & acquisitions and restructuring advisory group, and then in the
firm’s private equity group, Greenhill Capital Partners.
Robbert serves on the advisory board of the McIntire School of Commerce at the University of Virginia. He is also involved with
a number of nonprofit organizations in the New York community and serves on the board of directors of Echoing Green, a
provider of fellowship support for social entrepreneurs.
Robbert received a B.S. in commerce with a concentration in finance from the McIntire School of Commerce at UVA. He was
awarded the William M. Shermet Scholarship by the McIntire faculty on the basis of academic performance, character, and
leadership.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Kristian A. Werling
PARTNER
MCDERMOTT WILL & EMERY
Kristian (Krist) Werling represents medical device and biopharmaceutical manufacturers and health care service providers in a
wide variety of transactional matters. He also represents private equity and venture capital investors in investments in the life
sciences and health care industries. In this capacity, he works with cross-disciplinary teams to conduct legal due diligence and
execute acquisitions, add-on acquisitions and divestitures, as well as provide ongoing legal services to portfolio companies. In
the health care services arena, Krist has particular experience with transactions and joint ventures involving ambulatory surgical
centers, specialty hospitals, dermatology, pain management and anesthesia physician practices and dental practice
management companies.
Krist regularly counsels life sciences clients in transactional and regulatory issues, particularly in negotiating agreements in
relation to licensing and partnership, clinical research (including clinical trial and contract research organization (CRO)), contract
manufacturing and distribution. He has also assisted various medical device and pharmaceutical manufacturers with the
implementation of compliance plans and related policies and has been looked to by leading academic medical centers seeking
to develop and monetize intellectual property assets.
Previously, Krist served as in-house counsel to Hospira, Inc., a generic specialty pharmaceutical and medical device
manufacturer in Lake Forest, Illinois. Krist is active in the legal and charitable community, where he serves on the board of
directors of The Friendship Center, a food pantry serving approximately 500 families per month, and Swedish Covenant
Hospital, an independent, nonprofit teaching hospital located on the northwest side of Chicago. Additionally, Krist serves as the
chair of the Life Sciences Practice Group of the American Health Lawyers Association.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Reinhard Wichels
MANAGING DIRECTOR
WMC MEDICAL CONSULTING
Dr. Wichels is a physician by background and has more than 15 years of work experience in healthcare, provider and strategic
consulting. Prior to founding WMC Healthcare in 2013, he was a Senior Partner at McKinsey & Company, leading the Provider
practice in Germany and the EMEA Region (Europe, Middle East and Africa). In addition, he was part of the international
Healthcare Practice at McKinsey & Company serving international clients (payors, providers and med-tech) on strategic,
operational as well as organizational topics.
EXPERIENCE
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Leading more than 100 projects in the provider sector
Broad work experience in the international hospital landscape (Europe, US, Middle East, Asia, Africa)
Expert on all steps of the value chain in hospitals (e.g. Emergency departments, Intensive Care Units, Operating Rooms,
etc.)
>30 Due Diligences in all kinds of industries, especially hospital acquisition processes
Extensive work for payors, especially Germany and the broader Europe (e.g., NHS in the UK)
Broad experience in the international Med-tech Industry
Member of the German governmental initiative to drive digitalization in the German healthcare system
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Jeff Woods
MANAGING DIRECTOR AND CO-HEAD OF US HEALTHCARE PRACTICE
PARTHENON-EY
Jeff Woods is a Managing Director in Parthenon-EY’s Boston office and the Co-Head of its Healthcare Practice. He has more
than a decade of consulting experience in healthcare, including the hospital, medical device and health insurance industries. Jeff
has considerable experience in due diligence and portfolio work for private equity clients. Further, his corporate client work
includes strategy development, operational improvement, M&A, and sales force optimization. Previously, Jeff worked in the
business development group at Guidant and in the decision-support software division at Health Management Systems.
Jeff holds a B.A. in Biology from Dartmouth College, an M.S. in Evaluative Clinical Sciences from Dartmouth Medical School,
and an M.B.A., with distinction, from the Tuck School of Business.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Stephen Wu
PARTNER
MCDERMOTT WILL & EMERY
Stephen Wu focuses his practice on antitrust litigation, defending mergers and acquisitions before antitrust enforcement
agencies and counseling clients on antitrust compliance issues. He represents clients in a wide variety of industries ranging from
aerospace to consumer products and food, with a particular concentration on health care antitrust matters.
Stephen has defended clients in litigation against federal and state antitrust and unfair competition claims, and represented
clients in criminal antitrust investigations. For mergers and acquisitions, Stephen has defended numerous transactions before
the Federal Trade Commission (FTC) and the United States Department of Justice (DOJ) Antitrust Division. He also has
counseled clients on joint ventures, pricing and distribution, standards setting and compliance with consumer protection laws.
Prior to joining the Firm, Stephen was an attorney for the FTC. At the Firm, he received McDermott's Pro Bono and Community
Service Award in 2010 for his pro bono efforts.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Hamid Yunis
PARTNER, HEAD OF UK HEALTH CARE PRACTICE
MCDERMOTT WILL & EMERY
Hamid Yunis advises clients on complex areas of transactional law (M&A, Investments, Private Equity, Major Projects and
Corporate Finance) predominantly within the health industry. He has substantial experience in innovative structures for complex
joint-ventures, public-private partnerships and funding arrangements. Hamid has a significant background in corporate, funds,
major projects and infrastructure transactions both in a UK domestic and international context. His experience spans Europe,
the Middle East, Asia (in particular, the sub-continent, the ASEAN region, China and Japan) and Africa. Hamid’s global client
base includes health care providers, medical products manufacturers and organizations establishing “medical cities”, along with
non-health oriented clients whom he advises on transactions involving infrastructure projects and project finance. Hamid also
has a particular interest in advising Sovereign Wealth Funds on their investments and other transactions.
Hamid is the partner-in-charge of the Firm’s UK Health Care Practice. Hamid joined McDermott from a leading international law
firm based in London where he spent over 14 years and was head of the firm’s Health Care Group.
2017 Health Care Services Private Equity Symposium | Faculty Biographies
Daniel N. Zucker
PARTNER
MCDERMOTT WILL & EMERY
Daniel N. Zucker focuses his practice on federal and state tax matters, with particular emphasis on structuring mergers and
acquisitions, tax-free reorganizations, tax-free spin-offs and split-offs, and restructurings of financially troubled companies. He
also advises closely held businesses on tax planning issues with a special focus on Subchapter S corporations. Daniel is cochair of the Tax Department's Acquisitions & Restructurings Group.
2017 Health Care Services Private Equity Symposium | Faculty Biographies