NorthStar Anesthesia Announces Leadership Appointments

Adam Spiegel Appointed Chief Executive Officer

Sean L. Richardson Named Chief Operating Officer

Industry Veterans to Drive Innovation and Accelerate Expansion

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Dec 06, 2018, 08:00 ET

IRVING, Texas, Dec. 6, 2018 /PRNewswire/ -- NorthStar Anesthesia ("NorthStar" or the "Company"), one of the country's leading anesthesia care providers, today announced the appointment of Adam Spiegel as Chief Executive Officer and Sean L. Richardson as Chief Operating Officer, effective immediately. Mr. Spiegel succeeds interim CEO, Eric Minkove, who will remain Chairman of the NorthStar Board of Directors and Managing Director at Cranemere.

"We are pleased to welcome two strong executives, each of whom brings decades of experience and records of demonstrated success," said Mr. Minkove. "NorthStar is poised for its next phase of growth and expansion and I am confident that Adam and Sean are uniquely qualified to further solidify NorthStar's position as a leader in the anesthesia care sector. I look forward to continuing in my role as Chairman of the Board and working closely with the leadership team to ensure a smooth transition."

Mr. Spiegel is a proven executive with more than 20 years of business development and operations experience within the healthcare industry. Prior to joining NorthStar, Mr. Spiegel served as Executive Vice President of Provider Growth at Optum, a subsidiary of UnitedHealth Group. Before his time at Optum, Mr. Spiegel spent more than 15 years at The Advisory Board Company, serving in a number of different capacities during his tenure, with a primary focus on new product launches and go to market strategies. Upon joining Optum following its merger with The Advisory Board in 2017, Mr. Spiegel successfully integrated the two companies' sales and renewal organizations, managed all sales and renewals of Optum products. Mr. Spiegel earned a Masters of Business Administration from the Wharton School of Business and a Bachelor of Arts from Yale University.

"It is exciting to join the NorthStar team during such an important stage of the Company's growth trajectory," said Mr. Spiegel. "In a world where health systems are increasingly feeling pressure to drive value and increase quality, NorthStar's care team approach provides an outstanding platform for growth. Our continued focus on delivering high quality care to patients will allow us to drive growth and expand our footprint of services. I look forward to working with the NorthStar leadership team, Cranemere, and our talented clinicians to deliver solutions for the hospitals and surgery centers we serve."

Mr. Richardson brings nearly two decades of experience in the healthcare services space, having spent the last 10 years at Envision Physician Services with roles including the Chief Operating Officer of the Anesthesia business, Chief Operating Officer of a large division and Senior Vice President of Mergers & Acquisitions. Mr. Richardson has also served as the Chief Operating Officer at Memorial Hermann Northeast Hospital, Yakima Regional Medical and Cardiac Center and Heart of Lancaster Regional Medical Center. He received a Master of Healthcare Administration from the University of North Carolina and a Bachelor of Science in Accounting from Wake Forest University.

"I am impressed by NorthStar's commitment to building the greatest anesthesia care platform in America," said Mr. Richardson. "Leveraging my anesthesia services expertise and experience evaluating potential growth opportunities, I am eager to work closely with the NorthStar team to continue scaling our teams to support our development."

NorthStar is backed by Cranemere, a holding company that partners with outstanding businesses for the long-term.

About NorthStar Anesthesia
NorthStar Anesthesia is a company of caregivers, founded by an anesthesiologist and a Certified Registered Nurse Anesthetist (CRNA). NorthStar partners with hospitals and ambulatory surgery centers to deliver a more productive and efficient model of anesthesia care. Its "care team" approach focuses on the provision of high quality care at a lower cost, while measurably improving operating room performance. For more information, visit www.northstaranesthesia.com.

About Cranemere
Cranemere is a holding company that focuses on partnering with outstanding businesses for the long-term. The firm offers a distinct alternative for those business owners considering private equity, going public, or being owned by a large corporation. Cranemere provides long-term capital, business building expertise and global networks to support the growth of its companies and create value for all its stakeholders. With a focus on partnership, innovation, and integrity, Cranemere's approach enables founders, entrepreneurs, and leaders to implement the best long-term strategy and build exceptional companies, without the significant costs, distractions, and missed opportunities that shorter-term horizons and heavy debt burdens so often entail. Cranemere is headquartered in London and has affiliated offices in New York, Washington, DC, and Frankfurt. For more information, visit www.cranemere.com.

Media Contacts
Jonathan Keehner and Julie Oakes
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

SOURCE NorthStar Anesthesia