PE-backed Ideal Option taps Kilgallon as CEO

Ideal Option, which is backed by Varsity Healthcare Partners, has named Tim Kilgallon as CEO. Kilgallon is the ex-CEO of Free & Clear. Ideal Option is a provider of medication-assisted treatment and behavioral counseling services for individuals suffering from opioid use disorder.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Ideal Option, a leading provider of Medication-Assisted Treatment (MAT) and behavioral counseling services for individuals suffering from Opioid Use Disorder (OUD), announced today the hiring of Tim Kilgallon as Chief Executive Officer. Kilgallon, brings more than 30 years of senior executive experience, primarily within the health and wellness industry.

Kilgallon’s successful track record includes serving as CEO of Free & Clear and building the company into the nation’s largest provider of tobacco cessation programs and services to employers, health plans and state governments (now Alere Wellbeing, an Optum Subsidiary). As a serial entrepreneur, seasoned executive and experienced board member, Kilgallon has consistently sought opportunities that improve health and wellness utilizing tools to drive behavior change. He received a BS from Boston College and JD from Washington and Lee University School of Law.

Tim Kilgallon said, “I am thrilled to join the Ideal Option team and help further its mission of providing exceptional treatment programs for those suffering from OUD. The opportunity to join a team of passionate people dedicated to addressing the number one public health crisis in our country is tremendously exciting. Ideal Option represents a great platform with its commitment to evidence-based treatment and its ability to serve both rural and urban communities.”

Jeff Allgaier, President and Founder of Ideal Option added, “We are extremely pleased to welcome Tim to the Ideal Option team. Not only is Tim an extremely talented executive, but his life-long commitment to health and wellness and improving the lives of patients as well as society made him a perfect fit for Ideal Option.”

Kilgallon also brings with him several talented individuals that will serve in senior management roles in multiple key functional areas.

In September 2018, Ideal Option received a growth investment from Varsity Healthcare Partners to expand Ideal Option’s commitment of increasing affordable and evidence-based treatment access to communities impacted by the national opioid epidemic.

About Ideal Option
Headquartered in Kennewick, Washington, Ideal Option has delivered personalized medicine to over 20,000 patients through a network of 60 urban and rural office-based opioid treatment (“OBOT”) clinics across 10 states. Ideal Option emphasizes individualized treatment programs for patients consisting of MAT and behavioral counseling services to drive superior outcomes. The Company extensively utilizes telemedicine technology to reach secondary and tertiary markets where access to treatment is limited or non-existent. Ideal Option and its team of over 90 medical providers are dedicated to delivering excellent patient care with integrity and empathy. For more information please visit: www.idealoption.net.

About Varsity Healthcare Partners
Varsity Healthcare Partners (VHP) is a lower middle-market private equity investment firm focused on partnering with founders, entrepreneurs and management teams to build leading healthcare services companies. VHP has been successful in developing and executing a tailored value-creation plan, in partnership with the leadership of each company, that typically emphasizes an appropriate investment in infrastructure followed by an aggressive organic and acquisition growth strategy. VHP draws upon its extensive healthcare industry experience and relationships, as well as its hands-on partnership approach, to effectively drive growth and maximize value. For more information please visit: www.varsityhealthcarepartners.com.