PE-backed IBH taps Clark as CEO

IBH Population Health, a provider of managed behavioral health, integrated employee assistance programs and services, has named Dan Clark as CEO. Previously, Clark was CEO of Ieso Digital Health. IBH is a portfolio company of Periscope.

PRESS RELEASE

Costa Mesa, CA – July 11, 2019. Periscope portfolio company, IBH Population Health Solutions (Integrated Behavioral Health, Inc.), announced that Dan Clark has joined the senior leadership team as Chief Executive Officer, succeeding current CEO, Ed Bosanac. Clark will lead the strategic direction of the organization as Bosanac retires this June, after two plus decades with the Company and will remain on the Board of Directors of the Company.

Dan brings over 25 years of progressive leadership experience in digital health, therapeutics, population health, wellness, behavioral health, disability and employee assistance programs for health plans in the US and abroad. Trained as a clinician, Dan is also a serial entrepreneur who has built and scaled seed-stage companies, to leading divisions of multinational, Fortune 50 organizations. Dan joins IBH from UK-based Ieso Digital Health, a venture-backed digital health platform that delivers AI-enabled and text-based mental health therapy, where he was CEO since 2016. Previously, Dan held senior executive positions at OPTUM Health, Humana Inc., Aetna Inc., Cigna Corporation and ValueOptions (now Beacon Health Options). He brings extensive clinical and operating experience in managed behavioral health, wellness, population health management services, general healthcare and group insurance across several markets including Medicare, Medicaid, Commercial, Payer and Provider groups.

“We conducted a nationwide search to find an executive of Dan’s caliber as part of our leadership succession plan and I am thrilled to see Dan join the IBH family. Dan brings deep clinical roots as well as years of highly relevant industry experience to build on the strong foundation of clinical expertise and customer focus at IBH to pursue new opportunities to advance both IBH and our industry,” said Bosanac.

“IBH and the behavioral health industry are at exciting points in their evolution. I am honored to have been chosen to lead IBH through its next stage of growth. I want to thank Ed, as well as the IBH team for building a highly principled business with an enviable track record of clinical success and commitment to high quality customer service. The Company’s relentless focus on treatment and care across a broad scope of capabilities rivaling those of the super-majors of the industry were critical in my decision to join IBH. As the industry transforms there is an exciting opportunity to deploy cutting-edge technologies to make care even better and more accessible to a broader population of patients. I look forward to build on IBH’s foundational advantages to make a positive difference to the millions of members and thousands of customers we serve everyday,” said Clark.

About IBH
IBH is a pioneer in managed behavioral health, integrated employee assistance programs and services. It is one of the US’s leading population health management companies, delivering world class EAP, Managed Behavioral Health, Wellness, Data Analytics and Opioid Assessment and Treatment Solutions across the United States. As a clinically focused company with the local emphasis and attention of a boutique firm with the breadth and scope of a national company, IBH partners with employers and health plans to provide clients tailored behavioral health solutions with high quality clinical care, uncompromising service to members, providers and clients with outcomes driven, cost effective care plans. IBH has successfully managed treatment and benefits for self‐insured employers, medical and disability carriers, and health plans for over 30 years. IBH currently serves over 7 million members, representing 26,000 individual clients across the United States. With a focus on positive outcomes through clinically validated methods and tools, IBH reduces claims and costs for organizations while improving the lives of its people.

About Periscope Equity

Periscope Equity is a Chicago-based private equity firm focused on investments in technology-enabled business services companies across five key verticals, including marketing services, healthcare services, security services, software and outsourcing. Periscope specifically targets companies that are founder-owned, with mission-critical products and service offerings, a history of sustainable profitability and known avenues to accelerate growth. In alignment with proven management teams, Periscope provides strategic, operational and commercial expertise to drive superior investment returns.
For more information, please visit www.periscopeequity.com