CEO Council News
Council Capital has named today the 34 members of the Fund III CEO Council, a differentiated operator-oriented business model available to Council Capital portfolio companies. In conjunction with the recent close of its third private equity fund (“Fund III”), Council Capital has added 16 new members to this exclusive group of industry-leading CEOs.
Cigna (NYSE: CI) was named a top Medicare Advantage HMO health plan in Tennessee, receiving a 4.5 out of 5 star rating by the Centers for Medicare & Medicaid Services (CMS). Herbert Fritch, President of Cigna-HealthSpring, serves on Council Capital’s CEO Council.
Community Health Systems Announces Plans to Spin off 38 Hospitals and Quorum Health Resources with revenue of $2.1 billion8/3/2015
CHS announced today that it plans to create a new publicly traded hospital company by spinning off to Community Health Systems’ stockholders a group of 38 hospitals and Quorum Health Resources, LLC, a leading hospital management and consulting business. The new company will be named Quorum Health Corporation to leverage the existing strength of the Quorum brand. Wayne Smith, Chairman and CEO of CHS, serves on Council Capital’s CEO Council.
Portfolio Company News
Mitchell International, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, today announced the addition of Adva-Net as a new strategic partner to SmartAdvisor, its portfolio of Workers' Compensation solutions.
REACH Health has developed this Telestroke ROI Case Study to provide a fact-based and quantifiable framework for evaluating the ROI potential of a telestroke program. The case study is based on a telestroke program that continues to thrive and expand, both in terms of geography and services offered today.
Opioid drug abuse has fast become one of the United States' most serious public health epidemics of our time. Recent losses of well-known celebrities attest to the pervasiveness of the situation. The extensive reach of this epidemic affects all sectors of American society, provoking President Obama to request Congress to allocate $1.1 billion to address the issue and the Center of Disease Control (CDC) to redefine guidelines regarding the prescribing of these addictive drugs.
Council Capital announced today the closing of its third private equity fund, Council Capital III, LP (“Fund III”) totaling over $150 million, exceeding its target of $125 million and hitting its hard cap, bringing total capital under management at the firm to approximately $300 million.
Council Capital announced today Lancope, Inc., a highly successful portfolio company, has recently been acquired by Cisco. for $452.5 million in cash and assumed equity awards, which resulted in a 10x return on Council Capital’s investment.
Council Capital announced today a recent investment in Adva-Net, a Florida-based workers’ compensation network management company. The partnership reunites Adva-Net and Council Capital teams to capture previous success in workers’ compensation industry.
Council Capital Healthcare Breakfasts
Tracy Bahl, Executive Vice President of Health Plans for CVS Health, discussed the reasons that payers must now interact with consumers in a different way, and how alternative delivery of care will help drive this interaction.
Deb Gage, President and CEO of Medecision, told a packed room that disruptive innovation through partnerships will get us to a tipping point on the path to population health.
Brad Fluegel, Senior Vice President and Chief Healthcare Commercial Market Development Officer for Walgreens, discussed how the trends of personalization, transparency, convenience, and behavioral change will impact the future of retail healthcare and consumerism.
Council Capital, a Nashville-based healthcare private equity firm that utilizes its unique CEO Council business model to attract leading management teams and portfolio companies, announced today the addition of a dedicated Business Development Team with the hire of John L'Heureux and Kim Hruby.
The Nashville Health Care Council is pleased to announce the commencement of its 2016 Health Care Council Fellows class, following an intensive five-month period of immersion projects, case study work and engaged dialogue on the future direction of the health care industry.
Council Capital today announces Grant Jackson as Managing Partner of the rapidly growing firm. Jackson first joined Council Capital in 2008 as a General Partner, a role he held until stepping into the Managing Partner position in October 2014.