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New Mountain-backed MSD appoints Burke as CEO

MSD, a portfolio company of New Mountain Capital, has named Tom Burke as CEO. Previously, Burke worked at Cardinal Health where he most recently was the senior vice president and general manager of the innovative delivery solutions division. Also, he is the former CEO of Novis Pharmaceuticals. Based in Stoughton, Massachusetts, MSD is a provider of supply chain, medical device management and technology solutions that speed the transition of care from acute care to low-cost alternate sites.

PRESS RELEASE

STOUGHTON, Mass.–(BUSINESS WIRE)–MSD, a leading provider of supply chain, medical device management, and technology solutions that speed the transition of care from acute care to low-cost alternate sites, today announced the appointment of Tom Burke as its new Chief Executive Officer. Mr. Burke joins MSD following a distinguished 30-year career with Cardinal Health, where he most recently served as the SVP and GM of the Innovative Delivery Solutions division, and previously served as the CEO of Novis Pharmaceuticals.

“We are very pleased to welcome Tom Burke as MSD’s CEO,” said Jim Beck, Chairman. ”Tom has an excellent track record of achieving strong, profitable growth by leading organizations to meet customer needs in the rapidly changing healthcare market. He is also an industry veteran recognized for his commitment to innovation that improves the quality of care while also reducing cost. We are confident in his ability and passion to advance MSD’s leadership position in delivering best-in-class patient care in the alternate site environment.”

“MSD has a unique and vital connection to the lives of patients and their healthcare providers,” said Tom Burke. “I look forward to the opportunity to help MSD deepen those connections while delivering best-in-class service and technology solutions. I’ve been fortunate to lead organizations through rapid growth and believe that my experience will result in very positive outcomes for MSD’s customers, its employees and MSD’s future success.”

MSD is also pleased to announce that Jim Beck, the current President and CEO of MSD, will fully transition into the role of Chairman of its Board of Directors following Mr. Burke’s appointment. Mr. Beck joined MSD in 2007 and led the company through years of significant growth and key acquisitions.

“Jim brought immeasurable value to MSD. We thank him for his many years of service and look forward to working with him as the Chairman of MSD’s Board of Directors,” added Bert Notini, Managing Director of New Mountain Capital, LLC.

ABOUT MSD:
MSD delivers business process outsourcing solutions in the form of technology enabled medical device and supply chain solutions, which enable alternate site healthcare providers to strengthen their businesses and to focus on the best possible outcomes for their patients. The MSD customer-centric focus and commitment to quality shapes its entire suite of offerings including an automated First Touch Resolution customer service, white glove delivery programs, and ISO process certifications. MSD’s portfolio of services includes formulary development, online ordering, equipment management and tracking, patient direct delivery programs, and an accredited ambulatory pump program serving the oncology marketplace. MSD is an authorized distributor for most of the healthcare industry’s leading group purchasing organizations and is also ISO 9001:2008 & ISO 134585:2003 certified. To learn more about MSD visit www.msdonline.com.

ABOUT NEW MOUNTAIN CAPITAL:
New Mountain Capital is a New York-based alternative investments firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $15 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com.