Pamplona Appoints Senior Healthcare Executive as Operating Partner
LONDON and NEW YORK, November 10, 2014 /PRNewswire/ --
Pamplona Capital Management ("Pamplona") is pleased to announce the appointment of Michael O'Boyle, a senior healthcare executive, as an operating partner.
Mr O'Boyle, who will be based in Nashville and New York, has more than 25 years' experience working in the healthcare industry. Most recently he was CEO of Parallon Business Solutions, a subsidiary of Nashville, Tennessee-based HCA Holdings, the largest for-profit operator of hospitals in the U.S.
Prior to that he has held senior operating and financial roles at United HealthCare, a large health insurer with 25 million members, and healthcare systems Cleveland Clinic and Medstar Health.
He will focus on Pamplona's existing and future investments in the healthcare sector. In this capacity he will support portfolio company management teams on strategic and operating initiatives and help to identify and evaluate potential new investment opportunities. In the coming months, Pamplona intends to establish a company, with Mike as the Chief Executive Officer, focused on providing technology enabled services to assist health systems and physician groups to drive revenue, improve quality and service, and increase care alignment and integration.
"Mike brings broad and deep expertise across many facets of the healthcare sector; an industry in which we have considerable investment and see substantial potential for further growth and opportunity," said John Halsted, managing partner at Pamplona. "Mike's experience leading, developing and building hospital and insurance-based healthcare businesses will help to expand and strengthen our investment efforts in the space."
Pamplona's healthcare investment portfolio currently includes Alvogen, a fast growing multinational pharmaceuticals company focused on complex generic products, Magnacare, a leading healthcare administrative services company focused on self-insured employers and workers comp plans in the New York and New Jersey regions, and Privia Health, a physician practice management and population health technology company serving independent physicians and large physician groups in partnership with managed care organizations.
His appointment follows that of Jeff Kirt and Bill Pruellage, who both joined Pamplona as New York-based partners in early autumn.
Pamplona is currently investing Pamplona Capital Partners IV LP, which raised €3 billion of committed capital earlier this year.
About Pamplona Capital Management
Pamplona Capital Management is a London and New York based specialist investment manager established in 2005 that provides an alternative investment platform across private equity, fund of hedge funds and single manager hedge fund investments. Pamplona Capital Management, LLP manages over USD 10 billion in assets across a number of funds for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices and funds of hedge funds. Pamplona is currently managing its fourth private equity fund, Pamplona Capital Partners IV LP, which was raised in 2014. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations. Please see Pamplonafunds.com for further information.
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SOURCE Pamplona Capital Management
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