Family Care Partners Announces Additions to Its Leadership Team

Healthcare Veterans Thomas W. Watson and Paul A. Miller Named Chief Executive Officer and Chief Financial Officer Respectively

Colonial’s Clay Lowder to Serve as Chief Medical Officer

LOS ANGELES & SUMTER, S.C.--()--Family Care Partners, a platform holding company established to facilitate the consolidation of clinically differentiated primary care practices in South Carolina, announced today that Thomas W. Watson and Paul A. Miller have been named Chief Executive Officer and Chief Financial Officer, respectively. It was also announced today that Clay Lowder, of Colonial Family Practice, has been named the Company’s Chief Medical Officer.

“The decision to join Family Care Partners as its CEO was an easy one for me”

Family Care Partners (FCP) is a platform holding company formed in December 2015 by Varsity Healthcare Partners (VHP), a healthcare services-focused private equity investment firm with offices in Los Angeles and Stamford, and Colonial Family Practice, one of the largest providers of primary care and ancillary patient diagnostic services in South Carolina. FCP’s mission is to facilitate the consolidation of clinically differentiated primary care practices in South Carolina and to centralize non-clinical management functions in order to maximize provider productivity.

“We could not be more pleased to welcome Tom and Paul to the Family Care Partners platform,” said David Alpern, a founding partner of VHP. “Both of these top-notch healthcare operating veterans have extensive experience building and leading healthcare provider platforms while at the same time ensuring the provision of consistent and excellent patient care. Our ability to attract executives of this caliber is a true testament to the tremendous potential opportunity this platform represents.”

“The decision to join Family Care Partners as its CEO was an easy one for me,” said Watson. “The Varsity Healthcare Partners team has proven its ability to identify segments within the healthcare economy that are ripe for this growth and patient care strategy, and the executives at Colonial have already put the foundation in place to build a leading regional primary care and diagnostic services business. I look forward to the opportunity to work with FCP’s leadership team and expand on what has already been done to take this company to the next level.”

Prior to joining Family Care Partners, Watson served as senior vice president and general manager for the Consumer Division of Aetna. An accomplished executive in the Fortune 100, Watson has also held multiple CEO roles running privately held companies, including serving as CEO of Hometown Urgent Care, which he grew to 28 clinics in the Midwest, and the CEO of a leading, national third-party administration (TPA) company called Avizent. Watson earned his MBA from the Merrick School of Business and holds a bachelor’s degree in accounting from The Ohio State University.

Most recently, Miller served as the CFO of Cornerstone Healthcare, a physician-owned multi-specialty medical practice (with 350 providers) where he worked closely with senior management on strategic and operational planning initiatives. Prior to that, he was the CFO for Avizent, where he and Watson partnered to dramatically grow that business; and before that was with U.S. Spine, a leading designer and developer of spinal implant systems. Miller also served as CFO and General Counsel for CompManagement, Inc. Miller earned his Juris Doctor from Capital University Law School and his bachelor’s degree in political science and sociology from Miami University.

About Family Care Partners
Based in South Carolina, Family Care Partners is a leading consolidator of primary care and ancillary diagnostic patient services, providing centralized management infrastructure and differentiated local clinical workflow and resources to a multitude of primary care practices throughout the state. Family Care Partners is led by a talented team of operating executives, with a deep background in physician practice management services, and selected clinical leaders from Colonial Family Practice and other practices. Family Care Partners is dedicated to providing its patients with the highest level of innovative care, personal attention and knowledge of the latest in advances in preventative and remedial care.

About Varsity Healthcare Partners
Varsity Healthcare Partners (VHP), founded by David Alpern and Kenton Rosenberry, is a private investment firm serving primarily family investors by originating, acquiring, and growing market-leading healthcare platforms. The principals of VHP bring extensive healthcare domain expertise and relationships and dedicate substantial time and resources to each platform investment. The firm seeks to combine the unique partnership approach and equity capital to accelerate the growth and maximize the returns of each VHP platform. For more information please visit: www.varsityhealthcarepartners.com.

Contacts

Muirfield Partners
Mickey Mandelbaum
Maya Pogoda
(310) 785-0810
mickey@muirfieldpartners.com
maya@muirfieldpartners.com

Release Summary

South Carolina's Family Care Partners has named Thomas W. Watson as CEO, and Paul A. Miller as Chief Financial Officer. Clay Lowder has been named the company’s Chief Medical Officer.

Family Care Partners