John Dineen, Former CEO of GE Healthcare, Appointed as an Operating Advisor to Clayton, Dubilier & Rice Funds
NEW YORK, Oct. 16, 2014 /PRNewswire/ -- Clayton, Dubilier & Rice ("CD&R") has appointed John Dineen as an Operating Advisor to CD&R's funds, effective early next year, to focus primarily on healthcare-related investments, from sourcing new transactions to advising portfolio company executives on management, operational and growth strategies. He joins a group of talented senior executives who serve as CD&R Operating Advisors with deep experience in a range of industrial, consumer and healthcare businesses.
Mr. Dineen is a 28-year veteran of General Electric. Most recently, he served as Chief Executive Officer of GE Healthcare. With over $18 billion in annual revenue, GE Healthcare is a leading manufacturer of medical imaging devices, life science and medical diagnostic tools, and provider of IT and software solutions for the healthcare industry. Under Mr. Dineen's leadership GE Healthcare has become a market leader across the globe.
"John's leadership experience and proven value creation abilities bring additional depth to our healthcare sector expertise," said Richard J. Schnall, CD&R Partner. "We look forward to working with John to identify and make compelling new investments and his guidance with respect to our existing healthcare-related portfolio businesses."
In recent years, CD&R has successfully invested in a number of healthcare companies which are positioned to benefit from the increased emphasis on reducing the cost of healthcare delivery and improved patient outcomes, including: AssuraMed, a leading distributor of specialty medical products which the Firm sold to Cardinal Health in December 2012; Envision Healthcare, a leading provider of facility-based outsourced physician and medical transportation services; Healogics, the largest outsourced wound care service provider in the U.S.; and PharMEDium, a leading provider of hospital pharmacy-outsourced sterile compounding services.
"I am very excited about my new role with CD&R and to be working with a firm with such a distinguished record of strengthening and improving the efficiency and effectiveness of businesses across a range of industry sectors," said Mr. Dineen.
Mr. Dineen joined General Electric in 1986 as a telecommunications engineer in Rockville, Maryland. Since then, he has held a variety of leadership positions at GE, both in the U.S. and worldwide, including General Manager of GE's Power Equipment, Meter, Microwave and Air-conditioning businesses; and President of GE Plastic's Asian Operations and GE Plastics World-wide. He also served in various assignments in Corporate Finance including Manager of Finance for GE Asia in Hong Kong. Before leading GE Healthcare, Mr. Dineen was the President and CEO of GE Transportation, a global leader in the rail, mining, drilling and wind industries.
Mr. Dineen is a graduate of the University of Vermont, where he earned bachelor's degrees in biological sciences and computer science.
About Clayton, Dubilier & Rice
Founded in 1978, Clayton, Dubilier & Rice is a private equity firm with an investment strategy predicated on producing financial returns through building stronger, more profitable businesses. CD&R manages approximately $21 billion on behalf of its investors and since inception has acquired 62 businesses with an aggregate transaction value of more than $90 billion. For more information, please visit www.cdr-inc.com.
SOURCE Clayton, Dubilier & Rice
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article