Waud commits $100 mln to new initiative


Waud Capital Partners and Vincent Bradley, a healthcare industry executive, have partnered up to invest in the healthcare industry. So far, Waud has committed $100 million to this initiative.

PRESS RELEASE

Chicago, IL, September 20, 2017 – Waud Capital Partners (Waud Capital), a leading growth-oriented middle market private equity firm, today announced that it has entered into a partnership with Vincent Bradley, a highly-accomplished healthcare industry executive, to pursue investments in the multi-site healthcare industry. Waud Capital has significant experience in this industry through its current platforms in the dental, physical therapy, and ophthalmology markets as well as with its historical investments in the behavioral health and vascular medicine markets. Together, Waud Capital and Mr. Bradley plan to establish a platform by investing in a multi-site healthcare services company and transforming it into a market leader by optimizing its core operations, accelerating its organic growth, and completing strategic add-on acquisitions. Waud Capital has initially committed $100 million of equity capital to this initiative.

Mr. Bradley, a proven veteran of the multi-site healthcare industry for over 15 years, most recently served as the President & CEO of Banfield Pet Hospital, the largest general veterinary practice in the world with more than 975 hospitals operating in 42 states, the District of Columbia, Puerto Rico and Mexico. Prior to becoming CEO, Mr. Bradley led Banfield as its Senior Vice President of Operations for three years. During his tenure at Banfield Pet Hospital, Mr. Bradley had responsibility for the firm’s overall strategic direction and performance, which were both meaningfully enhanced under his leadership. Mr. Bradley led initiatives that significantly accelerated growth, including developing the company’s free-standing de novo program, repurchasing all Banfield franchise locations, and acquiring numerous private practices.

Additionally, Mr. Bradley led an effort to attract, develop, engage, and retain a world-class field organization that enabled sustained performance across the business. Prior to Banfield Pet Hospital, Mr. Bradley had success in senior leadership positions and created significant value at several other leading healthcare companies, including Take Care Health Employer Solutions Group (dba Premise Health), where Mr. Bradley served as the Divisional Vice President of the Employer Solutions Group, Regional Vice President of the Eastern Region, and Vice President of Sales and Account Development.

“We are extremely excited to partner with Vincent and continue our commitment to identifying and partnering with the top executive talent in our targeted sectors,” said David Neighbours, a partner at Waud Capital. “He has built an exceptional track record of creating shareholder value in his prior executive positions. We believe the combination of Vincent’s leadership with Waud Capital’s growth capital and multi-site healthcare experience will lead to success for this partnership.”

“I am thrilled to have the opportunity to work with Waud Capital Partners to acquire a multi-site healthcare services business,” said Mr. Bradley. “The multi-site landscape offers many attractive opportunities, as many of the markets we plan to target remain fragmented and are experiencing strong industry growth. Having spoken to numerous private equity firms, I chose to partner with Waud Capital due to their prior success in partnering with industry leading CEOs.”

“Waud Capital’s partnership with Vincent reflects both our continued interest in targeted multi-site verticals such as dermatology, behavioral health, urgent care, and animal health as well as our belief in the transformational power of great leadership,” added Matt London, Waud Capital Principal. “Having an executive-led strategy with a partner like Vincent puts us in a unique position to actively pursue a variety of healthcare investment opportunities that can benefit from his leadership and experience in value creation.”

About Waud Capital Partners
Based in Chicago, Waud Capital Partners is a leading growth-oriented private equity firm with total capital commitments of approximately $2.1 billion since its founding in 1993. Waud Capital partners with exceptional management teams to build market leading companies within two industries: healthcare services and business and technology services. Since its founding, the Firm has successfully completed 220 investments, including platform companies and follow-on opportunities.

For additional information on Waud Capital, visit www.waudcapital.com.

Do you want exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more? Get your FREE trial to Buyouts! Or subscribe now!