BelHealth Investment Partners has appointed Dennis Drislane, chairman of BelHealth’s operating committee to managing partner. Drislane is one of the original founders of the firm.
BelHealth Investment Partners LLC (“BelHealth”) today announced that Dennis Drislane, Chairman of BelHealth’s operating committee, has assumed the additional role of Managing Partner. Mr. Drislane is one of the original founders of the firm.
Dennis Drislane is an experienced healthcare and technology executive with almost 40 years in both large and small healthcare companies including 24 years in various senior positions at Electronic Data Systems (EDS) where he was President of the Healthcare division. Mr. Drislane left EDS to join Healtheon, a start-up in Silicon Valley and helped position the company for its 1999 initial public offering and eventual merger with WebMD. Mr. Drislane went on to become an angel investor and active board member in six small healthcare companies. He was also an operating partner at BelHealth’s principals’ previous fund between 2006 and 2011 where he served on the boards of directors of three portfolio companies. Prior to BelHealth, Mr. Drislane was the Chairman and CEO of TC³ Health, a payment integrity company that focuses on the identification, prevention and recovery of healthcare overpayments. Mr. Drislane led TC³’s sale to Emdeon, a Blackstone company in May 2012.
Harold S. Blue, Managing Partner, said “I have known Dennis for more than 20 years and it is no surprise he has been terrific in his first couple of years working full time in private equity. His vast knowledge and experience, particularly in sales, marketing and overall governance, has been a tremendous asset to our portfolio companies. I have no doubt he will excel in this role as we execute our investment strategy over the next several years.”
Bert E. Brodsky, Managing Partner, said, “It has been a pleasure working with Dennis over the past 8 years and he has done a phenomenal job transitioning to private equity. Harold, Dennis and I have complementary skill sets, which will help achieve the firm’s goal of delivering the highest returns to investors. Dennis has been responsible for establishing a strong presence for BelHealth in California, a large and attractive healthcare market.”
“These are exciting times in the healthcare sector and at BelHealth. We have assembled a portfolio of companies that are well-positioned in their respective segments and have also been able to collaborate with each other on revenue generating opportunities. I am proud to be part of a team that has demonstrated great commitment toward the success of the firm. We will continue to apply our collective experiences and expertise to build successful companies in the attractive lower middle market healthcare sector,” said Mr. Drislane.