Carlyle teams up with healthcare execs to form Atmas Health

• Gallahue is the former chairman and CEO of CareFusion from 2011 until its sale to Becton, Dickinson and Company for over $12 billion in 2015
• Hinrichs is the former CFO of Alere from 2015 until its sale to Abbott for $8 billion in 2017
• And, Prutow is a former partner at PwC

Carlyle has formed Park City, Utah-based Atmas Health, which will focus on acquiring healthcare assets within the medical tech and products, life sciences tools and diagnostics sectors. No financial terms were disclosed.

The Atmas Health formation was done in partnership with healthcare executives Kieran Gallahue, Jim Hinrichs, and Jim Prutow and Carlyle’s global healthcare team.

Gallahue is the former chairman and CEO of CareFusion from 2011 until its sale to Becton, Dickinson and Company for over $12 billion in 2015.

Hinrichs is the former CFO of Alere from 2015 until its sale to Abbott for $8 billion in 2017.

And, Prutow is a former partner at PwC, specializing in M&A transaction diligence and post deal value capture and integration projects.

“Carlyle is thrilled to be partnering with this team of exceptional executives that has a proven expertise in running healthcare businesses,” said Steve Wise, Carlyle’s global head of healthcare, in a statement. “We have a long history investing in medical products and instruments, and we believe Atmas Health presents an excellent opportunity to extend that experience. We expect to maximize the potential of this team by leveraging our entire global Carlyle platform to support Atmas in identifying and evaluating opportunities.”

Carlyle has $376 billion of assets under management as of June 30, 2022.