PE-backed IBH taps Sockel as chief commercial officer

Costa Mesa, California-based Integrated Behavioral Health Inc, a provider of managed behavioral health and integrated employee assistance programs and services, has named David Sockel as chief commercial officer. Previously, he worked at Connecture Inc where he recently was executive vice president of corporate and product strategy and chief revenue officer. IBH is backed by Periscope Equity.


Costa Mesa, CA – Nov. 14, 2018. Integrated Behavioral Health, Inc. (“IBH”) announced this week that Mr. David Sockel has joined the senior leadership team as Chief Commercial Officer. In this new role, Sockel will lead the strategic direction of the organization across sales, marketing, products and account management.

David brings over 20 years of executive, managerial, functional and startup experience in the health care industry to IBH. Most recently, he served as the EVP of Corporate and Product Strategy as well and Chief Revenue Officer at Connecture Inc., a company he co-founded. Connecture provides member acquisition, retention and analytics solutions to health plans, providers, governments, brokers and employers. David was instrumental in driving the growth of Connecture from a startup to over $100 million in sales, that led to its successful IPO in 2015. Earlier in his career, David was a health care consultant at Ernst & Young and The Lewin Group, where he advised leading delivery systems, behavioral health providers and health plans on strategy and technology.

“David has a unique and expansive set of skills in the healthcare technology industry that are highly relevant to IBH, as we build on our clinical strengths and transform the company to a global digital population health management platform. The addition of David to the executive team brings world class leadership and expertise from a startup to IPO to IBH. I am truly excited to welcome David to the IBH team,” said Ed Bosanac, CEO at IBH.

“I am thrilled to join the IBH team. I was impressed by the unique services that the company provides and I am eager to leverage my background to provide commercial leadership across critical business areas to help accelerate growth. With the rapid evolution and technology enablement of healthcare delivery, it is exciting to be joining an organization that has a differentiated clinical offering for patients, providers, and health plans and the resources, commitment and vision to transform the delivery of these services,” said Sockel.

“From our very first interaction with the IBH team, we were impressed by the clinical strengths, scope and size of the Company. As we look to make organic investments and execute acquisitions to accelerate growth we are delighted to onboard an executive of David’s caliber to the IBH team,” added S. Brian Mukherjee, Partner, Periscope Equity and Chairman of IBH.

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About IBH, Inc.
Integrated Behavioral Health, Inc. (“IBH”) is a pioneer in managed behavioral health and integrated employee assistance programs and services. As a clinically focused managed care company with a national footprint, IBH partners with employers and health plans to provide clients personalized and customized behavioral health plans with high quality clinical care, uncompromising service to patients, 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.

Periscope Equity is a Chicago-based private equity firm dedicated to buyouts of technology-enabled business services companies within niche sector leaders that have unique technology, data, intellectual property, or service offerings; a history of sustainable profitability and cash generation; and known avenues for growth. Services sectors of focus include healthcare, marketing, security, software and BPO. Periscope seeks to provide its portfolio companies with liquidity, growth capital and access to its network of operational experts, to drive sustainable growth and superior investment returns on an accelerated schedule.

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