Steven Boyd Joins Varsity Healthcare Partners as an Operating Partner

Firm Further Bolsters Team with the Addition of Three New Principals

STAMFORD, Conn. & LOS ANGELES--()--Varsity Healthcare Partners (VHP), a healthcare-focused private equity firm, announced today that Steven Boyd, former CEO of Evolution Health and Ascension Health at Home subsidiaries of Envision Healthcare Holdings (NYSE: EVHC), has joined the firm as an Operating Partner.

“Having worked directly with the team, I believe the firm has a unique approach to partnership and value creation. I look forward to assisting VHP in providing operational and strategic support to entrepreneurs and management teams to build leading healthcare platforms.”

Boyd will assist VHP with investments from its recently closed $300 million second fund.

“Steve has more than 30 years of experience operating multi-site location healthcare services companies,” said David Alpern, a partner of VHP. “He is a high-caliber, seasoned executive with extensive operational experience in the healthcare space as well as significant familiarity with private equity.”

VHP Partner Kenton Rosenberry added, “We have known Steve for a long time and most recently through his involvement on the Board of VHP portfolio company, Eyecare Services Partners. We are excited to have him join our team and are confident that he will provide invaluable strategic and operational insight that will greatly enhance the platforms in which we invest.”

“I am excited to join VHP,” said Boyd. “Having worked directly with the team, I believe the firm has a unique approach to partnership and value creation. I look forward to assisting VHP in providing operational and strategic support to entrepreneurs and management teams to build leading healthcare platforms.”

In addition to the hiring of Steven Boyd, VHP also announced today that Michael Fisher, Aaron Habriga and Ayush Singhania have recently joined the firm as principals.

Steven Boyd has over 30 years of operating experience in healthcare services, most recently having held numerous senior executive roles with Envision (NYSE: EVHC), including CEO of Evolution Health and CEO of Ascension Health at Home. Prior to that, Boyd was the CEO of Guardian Healthcare, one of the nation’s largest providers of home nursing services, before its successful sale to Envision. He also successfully led OrthoRx and Magella Healthcare.

Michael Fisher has spent the majority of his professional career analyzing, advising and investing in healthcare services companies. Prior to joining VHP, Fisher was a vice president with Enhanced Equity Funds, a lower middle-market, healthcare-focused private equity fund. Fisher graduated from the Robins School of Business at the University of Richmond with a B.S. in Business Administration.

Prior to joining VHP, Aaron Habriga was an associate at A&M Capital Opportunities, making investments in growth-oriented businesses. Before that, he served as an associate at Silver Oak Services Partners. Habriga received a B.A. in Finance from the University of Wisconsin and an M.B.A. from Harvard Business School. Habriga also served as a Sergeant in the United States Marine Corps.

Ayush Singhania was a principal at Aurora Capital Group, a Los Angeles-based private investment firm, before joining VHP. Before that, he served as an associate at Fortress Investment Group. Singhania received a B.S. in Business Administration and a B.A. in Economics and Molecular & Cell Biology from the University of California, Berkeley and an M.B.A. from Harvard Business School.

About Varsity Healthcare Partners

Varsity Healthcare Partners (VHP), founded by David Alpern and Kenton Rosenberry, is a healthcare-focused private equity firm. VHP seeks to partner with founders / entrepreneurs of lower middle-market healthcare companies and dedicate substantial time and resources to accelerate growth and value creation. VHP has been very successful employing and executing a consistent value creation playbook, in partnership with entrepreneurs, which emphasizes a significant investment in infrastructure followed by an aggressive organic and acquisition growth strategy. VHP draws upon its extensive industry experience and relationships and hands-on partnership approach to assist in professionalizing each platform and driving growth. VHP is currently investing out of its $300 million second fund. For more information please visit: www.varsityhealthcarepartners.com.

Contacts

Prosek Partners
Mickey Mandelbaum
Maya Pogoda
(310) 785-0810
mmandelbaum@prosek.com
mpogoda@prosek.com

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Release Summary

Steven Boyd Joins Varsity Healthcare Partners As An Operating Partner. Firm Further Bolsters Team with the Addition of Three New Principals.