Recruiting an independent board director for a fast-growing, private equity-backed specialty healthcare practice.
Leading middle market private equity firm
A leading middle market private equity firm that specializes in making control investments in companies based in the consumer, healthcare, and business services industries approached Focus Search Partners to recruit an independent board director for a fast-growing healthcare company within their portfolio. Thanks to a recently completed (and successful) search for a CFO for the very same company, Focus Search Partners already had a strong relationship with both the controlling PE firm and the healthcare practice. The practice needed an independent director to join the newly formed board. The candidate was expected to provide insight, advice, and counsel based on his or her prior successful experience leading high-growth and scaling rapidly growing, PE-backed, specialty physician practice management firms.
Thanks to established relationships with both the PE firm and the healthcare practice, Focus Search Partners had a firm understanding of what the clients expected and what they needed to ensure ongoing success. Knowing that a candidate with extensive experience in the specialty practice field and who had held CFO, CEO, and/or president roles was needed, Focus Search Partners quickly launched into the market of existing Board and CEO relationships while also expanding the candidate pool through real-time market research and senior-level networking to develop a short slate of highly-talent and proven independent director candidates.
Company experienced 3x growth since the executive’s placement in 2017.
Focus Search Partners maintains strong relationships with both the private equity client and the healthcare company.
The client’s platform company successfully scaled its operations and continues to achieve high levels of growth.