Connolly, a portfolio company of Advent International, has named Douglas Present as non-executive chairman of Connolly’s board of directors. Also, Richard Jelinek has been been added to the company’s board as an independent, non-executive member. Present is the former CEO of Managed Health Care Associates while Jelinek most recently served as CEO of OptumHealth. Based in Wilton, Conn., Connolly is a recovery auditing services firm.
Wilton, CT (PRWEB) November 04, 2013
Connolly, the largest privately-held recovery audit firm in the world, and Advent International, the global private equity firm, today announced key appointments on Connolly’s Board of Directors. Douglas “Doug” Present has been appointed as Non-Executive Chairman of Connolly’s Board of Directors and Richard “Rick” Jelinek has been appointed to the Board as an independent, non-executive member. Mr. Present has served on Connolly’s Board since July, 2012.
“I am delighted that Doug has agreed to assume the role of Chairman and that Rick is joining our board. Their considerable expertise will prove invaluable to the Company as we move into the next stage of growth and development,” said Connolly CEO, Elizabeth Connolly Alexander. Mr. Present commented on his appointment saying, “I am looking forward to working with Connolly’s management team to help achieve their next level of growth. Connolly has a winning combination of people, process and technology that is focused on ensuring their customers’ success in the evolving healthcare and retail marketplaces.”
About Doug Present
Douglas Present served as the CEO of Managed Health Care Associates, Inc. (MHA) from November 2001 – May 2013. MHA is the largest Group Purchasing Organization in the country focused on alternate site/non-acute settings. During Doug’s tenure, MHA’s purchasing volume with its client base grew from approximately $700 million to approximately $6 billion in contracted sales. Under Doug’s leadership, the firm evolved beyond the traditional GPO model into a full health care services company that provides its clients with a variety of services. In May of 2013, MHA was sold to Roper Industries for $1 billion in an all cash transaction.
Before joining MHA, Doug was Senior Vice President of Medsite, Inc., a pharmaceutical services and e-marketing company that was subsequently acquired by WebMD, Inc. Earlier in his career, Doug founded a physician-focused, managed care consulting firm as well as a group purchasing organization for private practice physicians. Both companies were subsequently acquired by ProMedCo, Inc. Doug also spent three years in the New York health care consulting practice of Deloitte & Touche.
Doug has a faculty appointment at the Wharton Business School, where he teaches a course on health care services to MBA students. Doug sits on the Board of Directors of Suture Express, a large specialty medical distributor. He also sits on the Board of Theorem Clinical Research, an international clinical research organization, and on the Advisory Board of the Whitman School of Business at Syracuse. Doug graduated with a BS from Syracuse University in 1986 and an MBA from The Wharton School at the University of Pennsylvania in 1990.
About Rick Jelinek
Rick Jelinek is a seasoned health care executive with over 18 years experience in hospitals, integrated delivery systems, government programs and payer organizations. Most recently, Rick served as CEO of OptumHealth, focused on improving care provider collaboration, patient care quality and the overall health of communities. Prior to that, he served as Executive Vice President and CEO of United Health Group’s Emerging Businesses Group. Rick began his career with United Health Group (UHG) at a predecessor company, Lifemark Corporation, which was acquired by UHG in 2001. In his other UHG roles, he has served as CEO of AmeriChoice, CEO of Secure Horizons, President of Senior and Retiree Services, executive leader over the Company’s Medicare Part D start-up and CEO and Chief Operating Officer of Evercare. Rick has also held successive leadership positions at North Shore University Health System, The Henry Ford Health System and the Center of Healthcare Information Management.
Rick holds a master’s degree in Health Services Administration and an MBA from the University of Michigan. His undergraduate degree is from the University of Southern California, and he serves on the boards of the Minnesota Children’s Museum and the Griffith Leadership Center. He is also an appointee to the board of directors of Sutter Health.
Headquartered in Wilton, CT and with offices throughout the U.S., Canada and the U.K., Connolly is the world’s largest privately-held recovery auditing services firm. With nearly 1,100 employees serving over 75 clients, Connolly reviews a trillion or more transactions each year, recovering nearly $2 billion in overpayments. Connolly provides auditing services to its clients through two lines of business, Healthcare and Retail. Connolly also reviews contracts for non-compliance and offers process improvement recommendations that help clients mitigate future financial losses. Connolly was founded in 1979, and includes 18 of the top 20 U.S. retailers and seven of the top eight healthcare payers as clients. Connolly maintains a 97% customer satisfaction rating, is consistently listed on the Inc. 5000 list of the fastest-growing private companies in America, and has twice been named “One of the Best Places to Work in Connecticut.”
For additional information, please visit Connolly at http://www.connolly.com.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global investors dedicated solely to private equity. Since inception, the firm has invested in more than 280 buyout transactions in 36 countries, achieving over 230 full or partial exits, and today has approximately $32 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 170 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on buyout and strategic repositioning transactions across five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecoms. After 29 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for portfolio companies.
For more information, visit http://www.adventinternational.com.