Pamplona Capital Management has appointed Michael O’Boyle, a senior healthcare executive, as a new operating partner with the firm. Mr. O’Boyle will be based in Nashville and New York. The appointed Mr. O’Boyle as a senior healthcare executive follows that of Jeff Kirt and Bill Pruellage, who both joined Pamplona as New York-based partners in the early autumn.
Mr. O’Boyle’s responsibilities at Pamplona will be to assist 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 new platform company, with Mr. O’Boyle as the Chief Executive Officer, that will focus 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.
Mr. O’Boyle has more than 25 years’ experience working in the healthcare industry. Most recently he was CEO of Parallon Business Solutions, a subsidiary of Nashville-based HCA Holdings, the largest for-profit operator of hospitals in the US. Prior to working at HCA, Mr. O’Boyle held senior operating and financial roles at United HealthCare, Cleveland Clinic and Medstar Health.
“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 multinational pharmaceuticals company focused on generic products; Magnacare, a 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 serving independent physicians and large physician groups.
Pamplona Capital Management makes private equity, fund of hedge funds and single manager hedge fund investments. The firm is currently investing Pamplona Capital Partners IV LP, which raised €3 billion of committed capital earlier this year. Pamplona was founded in 2005 and is based in London and New York (www.pamplonafunds.com).
2014 PEPD • Private Equity’s Leading News Magazine • 11-10-14
