Webster Adds Healthcare Pro
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Webster Adds Healthcare Pro

Webster Equity Partners has added Todd Rudsenske to its investment team as a new partner. Mr. Rudsenske will be based in Webster’s Waltham, Massachusetts office and will join the firm in July.

Mr. Rudsenske joins Webster from Cain Brothers, a healthcare investment bank, and a division of KeyBanc Capital Markets. Mr. Rudsenske spent 17 years at Cain where he was responsible for building and leading the firm’s financial sponsors and behavioral healthcare coverage efforts which included mergers, acquisitions and capital raising transactions. Some of Mr. Rudsenske’s clients have included Invo Healthcare Associates, Florida Autism Centers, Stepping Stones Group, New York Bariatric Group, Trustpoint Psychiatric Hospital, Foundations Recovery Network and HealthPRO Heritage.

In addition to having represented Webster on several transactions, Mr. Rudsenske advised several other private equity firms including Arsenal Capital Partners, Centerbridge Partners, Ridgemont Equity Partners, and The Blackstone Group.

“Todd has been a trusted advisor to our firm, for many years,” said David Malm, managing partner of Webster. “Given our decision last year to focus exclusively on healthcare service investing, adding Todd to our team will allow us to more quickly expand our investment efforts into new sub-sectors of healthcare while also adding to the overall experience and capabilities of our firm. We look forward to his joining our team as we continue to grow the firm to take advantage of the significant investment opportunities that exist in the healthcare industry.”

“I am very excited to be joining David and the team at Webster, a firm that I have known and worked closely with for nearly a decade,” said Mr. Rudsenske. “The firm’s deep knowledge of the healthcare sector combined with its relationships with highly experienced executives will allow us to capitalize on new investments in a sector in which I have over 20 years of experience.”

Prior to joining Cain in 2003, Mr. Rudsenske was a vice president with Merrill Lynch where he specialized in equity private placements, and healthcare transactions for not-for-profit providers and payers.  He has his MBA from Columbia Business School and his undergraduate degree in finance and accounting from Texas A&M University.

Webster invests in healthcare services companies with revenues of $20 million to $200 million and EBITDA from $5 million to $15 million. In August 2018, the firm held a final and oversubscribed closing of Webster Capital IV LP at its hard cap of $875 million. Webster Capital was founded in 2003 and is based in the Boston suburb of Waltham, Massachusetts.

Private Equity Professional | June 2, 2020

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