MasterClassTM

Capital Roundtable

 

Sponsors

 

Partial List of
Past Attendees

3i Corp.

Abingworth

Acacia Venture Partners

Acon Investments

AI Cure Technologies

AlixPartners

Alston & Bird LLP

Altaris Capital Partners

Alvarez & Marsal

Arcapita Inc.

Argo Inc.

Arsenal Capital Partners

Avalere Health LLC

Avondale Partners

Bank of Ireland

Barclays Capital Inc.

Beecken Petty O'Keefe

Benesch Friedlander Coplan & Aronoff LLP

BioEnterprise Corp.

Brighttrust PE Japan Co. Ltd.

Cain Brothers & Co.

Camden Partners

CCMP Capital Advisors

Charter Oak Equity

Charterhouse Group

Choate Hall & Stewart

CRT Capital Holdings

Deloitte & Touche

Easton Associates

EDIMS LLC

Enhanced Equity Fund

EosHealth Inc.

Ernst & Young

Farnam Street

Financial Inc.

Fidelity Equity Partners

FirstLight Financial

Fletcher Spaght Inc.

Flexpoint Ford LLC

Gage Associates

Galen Partners LP

Gardere Wynne Sewell

GE Healthcare Financial General

Atlantic
Genesis HealthCare

Gentium S.p.A.

Golden Gate Capital

Golub Capital LLC

Goodwin Procter LLP

Graham Partners Inc.

Great Point Partners

Greene Holcomb & Fisher

Halifax Group

Harris Williams & Co.

Health Enterprise Partners LLC

Healthcare Growth Partners LLC

Heritage Group

Howard Burde Health Law LLC

Human Capital Innovations

International Finance

Internet Capital Group

Irving Levin Associates

Ivy Capital Partners

Kohlberg Kravis & Roberts & Co.

Korn/Ferry International

Lazard Middle Market

Leerink Swann & Co.

LFC Capital Inc.

Liberty Partners LP

Lincoln Healthcare Events LLC

Linden Capital Partners

Linden LLC

Longitude Capital Management Co.

Madison Capital Funding

Marwood Group

McParlin & Co. LLC

Meacham Woodfield

MidCap Financial LLC

Millbrook Management

Morgan Joseph & Co.

MTS Health Partners

Nautic Partners

NGN Capital LLC

Novacap Investments

Oak Hill Capital Partners

Ontario Teachers' Pension Plan

Parthenon Group

Pepper Hamilton LLP

Picis Inc.

Pomona Capital LP

PrimaMed Physicians Association

Private Advisors LLC

Proskauer Rose LLP

Psilos Group Managers LLC

Psilos Group Partners

Raven Pacific Group

RBC Capital Markets Corp.

Redborn Capital Partners LLC

Ross & Co. Inc.

SAC Capital

Safeguard Scientifics

SeniorBridge Family Companies Inc.

Shelbourne Capital

Sheppard Mullin Richter & Hampton

Siemans Financial

SignatureMD Inc.

Silver Point Capital LP

Solera Capital LLC

Soros Fund Management LLC

Stephens Group LLC

Stonewood Capital Management Inc.

Summit Partners LP

Talcott Partners

TIVIS Capital LLC

TowerBrook Capital Partners LP

Triad Healthcare Inc.

Triple Tree LLC

ValuationResearch

Vestar Capital Partners

Visiting Nurse Service of New York

Volante Capital LLC

Wells Fargo Foothill

Welsh Carson Anderson & Stowe LP

WL Ross & Co. LLC

WorldClinic Inc.

 

Association Partners

Research Partners

Capital IQ

mergermarket

Media Partners

The Deal

 

 

 

 

 

 

Clear the date November 16 on your calendar!

CLICK HERE now to register before it's too late!
 

Encore Conference

For Middle-Market Private Equity

 & Mezzanine Investors & Lenders

 

Private Equity Investing

In Healthcare Services

& Healthcare IT Companies
How Middle-Market Investors
Are Writing Prescriptions for Profits

 

  Attendance Is Limited!

  CLICK HERE to Register Now

                         

CHAIRED BY

Michael P. Gaffney, Managing Director
EDG Partners, LLC

 

Featuring 20 Expert Speakers Including --

  • Gregory M. Browne, Fifth Street Finance Corp.
  • Robert J. Bunker, Medical Staffing Network Inc.
  • C. Taylor Cole, Charterhouse Group Inc.
  • Donald Dempsey, Marwood Group LLC
  • Benjamin B. Edmands, Consonance Capital Partners
  • Raymond G. Falci, Cain Brothers & Co. LLC
  • Thomas J. Flynn, SV Life Sciences
  • Michael D. Gervais, Gemino Healthcare Finance Inc.
  • John Heller, HealthPro Management Services
  • James M. Hill, Benesch Friedlander Coplan & Aronoff LLP
  • Brent McCarty, Eagle Hospital Physicians
  • Kenton L. Rosenberry, Enhanced Capital Partners LLC
  • Alan E. Schabes, Benesch Friedlander Coplan & Aronoff LLP
  • Arthur M. Schwabe, Premier Home Health Care Services Inc.
  • David P. Tamburri, Health Enterprise Partners LLC
  • Rurik G. Vandevenne, River Cities Capital Funds LP
  • Michael J. Weber, BB&T Capital Markets
  • Stephen F. Wiggins, Essex Woodlands Health Ventures LP
  • Jeffrey M. Woods, Parthenon Group LLC

 

Click Here to Register >>   Purchase Audio Package >>

 

 


 Visit Audio Library >>    Add to Outlook Calendar >>

 

FULL-DAY MASTERCLASS

Wednesday, November 16, 2011

8:00 am – 5:00 pm
New York City 

Designed to Meet the Needs of GPs, LPs, & Managers of Buyout, Growth Equity, Mezzanine, & Lending Funds, as Well as Independent Sponsors, Operating Partners, Portfolio Company Managers, and the Bankers, Lawyers, Accountants,

& Other Advisors Who Support Them

 

Faculty | Schedule | Registration | Location | Sponsorship | Audio Package |

With healthcare practitioners migrating to electronic medical records and electronic billing as mandated by the HITECH ACT (Health Information Technology for Economic and Clinical Health Act), healthcare companies that provide IT systems to hospitals and physician groups are in the spotlight.  Middle-market companies that create efficiencies, improve compliance, and provide business analytics will build valuable franchises.

 

In addition, consolidation is also creating opportunity in the electronic health record space as providers with similar products are being merged to create larger scale and greater capabilities.

 

Opportunities are equally rife in healthcare services -- change creating opportunity and risk.

 

Promising areas include building businesses in and around hospitals, including hospital-based specialists, other physician services, or acquiring not-for-profit health systems and turning them into for-profit systems, and capitalizing on an aging population through hospice or cancer care sectors.

 

Healthcare reform and the debt crisis shifted areas of interest for healthcare investing by PE firms -- but interest and activity haven’t slowed a bit. 

 

          Differentiating the hot from the dangerous is the whole idea of The Capital

          Roundtable’s encore conference on Wednesday, November 16, in New York.

 

          Whether your goal for 2012 is to find interesting and rewarding investments… to

          grow your healthcare portfolio companies in a time of change… or both… you will

          want to plan now to join us for --

 

                          Private Equity Investing

                          In Healthcare Services & Healthcare IT Companies --
                          How Middle-Market Investors
                          Are Writing Prescriptions for Profits

 

          Plus when you sign up now for this conference, you can write out your check for

          $400 less thanks to our generous Early Bird Discount!

 

From a fundamental perspective, the healthcare industry offers significant -- and growing -- demand.  While it’s a complex market, it carries a great deal of opportunity for investors who are thoughtful about the space and focused on the pressures to lower price per unit and manage utilization.

 

The healthcare industry historically invested a lower percentage of revenue into information technology than any other domestic industry segment -- historically only 1.5%.  Even basic manufacturing is 2%, and other industries are at least double that, with financial services and insurance at the top of the scale.  Consider that the majority of the industry still does much of its business by fax, and you can instantly see the potential for providers to adopt 21st century operations.  Healthcare playing catchup along with Federal government incentives like HITECH create significant tailwinds for companies with the right value proposition and strategy.

 

For middle-market investors, the IT side of healthcare has attractive businesses all about increasing the value to the customer.  The most successful models are those that can take costs out of operations, improve clinical information and outcomes, and satisfy continuing demands for government-compliant reporting.  Most facilities want to share records among the operating rooms, the emergency rooms, the intensive care units, and need middleware connections that facilitate this need.

 

Large hospitals and medical centers can be tough customers to sell to.  So many middle-market PE firms focus instead on microbusinesses -- hospitals tend to have many small business units, each with their own value proposition.  Many of these business units are driven to have the newest equipment and latest platforms, which can make it easy for investors to get traction.

 

The services side of healthcare includes outsourcing businesses to help providers reduce costs and direct service providers.  There are many provisions in upcoming healthcare legislation that will be implemented one way or another, and have important clinical impact, so companies can’t expect success by sticking to their old models.

 

Some of the more interesting trends in healthcare tend to be located outside of the hospital rather than inside.  These include companies that assist providers who serve patients with sub-acute conditions in remote locations.  Teleradiology, where services can be rendered 24 hours through real-time links to providers on the opposite side of the globe.  And robotic surgery, progressing to where surgeons can be seated at consoles not just across the operating room, but across the world.

 

Although there is a good deal of innovation today on mobile delivery of healthcare, it is still at the venture capital stage without much private equity activity.  There is yet to be a compelling need revealed for consumers, and few are willing to pay for the service.  The bottom line is that there’s been 25 years of underinvestment in this area, and catching up is likely to be a decade‑long endeavor.

 

As expected, recent deal activity has been robust, with such representative transactions as Sterling Partners’ tuck-in acquisition of healthcare document manager Med Resolutions.  Marlin Equity Partners’ tuck-in acquisition of Advanced Health Management Services.  Waud Capital Partners’ acquisition of outsourced receivables company Revenue Cycle Solutions.  And Halyard Capital’s growth investment in software-as-a-service company Practice Insight.

 

          To serve as chair of this encore conference on Wednesday, November 16, in New

          York, we’re delighted to welcome Mike Gaffney, Co-Founder and Managing Director

          of EDG Partners in New York.

 

          Mike has more than a decade of private equity healthcare experience.  He is currently

          the chairman of Gemino Healthcare Finance LLC and sits on the board of HealthPro. 

          Before co‑founding EDG, he was a partner at Allied Capital, where he led the firm’s

          healthcare investment.  Prior to joining Allied, Mike was a consultant at McKinsey & Co.

          and a U.S. Navy Submarine Officer.

 

          Mike previously served as director and as an executive of a number of healthcare

          companies with a focus on services and outsourced services.  He received an MA and

          BA from Oxford University, where he was a Rhodes Scholar, and a BS from the U.S.

          Naval Academy, where he currently serves on the A&S Board of Trustees. 

 

20 World-Class Specialists Bring You Expert Diagnosis

 

Presenting with Mike will be a team of 20 noted PE healthcare experts, including GPs, portfolio company operating executives, investment bankers, lenders, consultants, and more.  In four revealing panel discussions, they will share what they’re doing and seeing and hearing -- and how they are positioning their own firms for 2012.

 

You’ll discover how not-for-profit systems are being bought and turned into for-profit businesses.  Why ambulatory surgery center chains are on investors’ radars.  Who is investing into the cancer care and hospice centers.  And why many firms are finding significant potential with healthcare investments in overseas markets.

 

You’ll also hear how to better manage your current healthcare portfolio companies in today’s changing marketplace.  And you’ll leave this conference with the last word on how to maximize efficiencies and economy of scale.

 

Register now to hear answers to the questions on every healthcare investor’s mind --

 

  • How is the increased adoption of electronic health care records and electronic billing driving investment activity in this space?
  • Have definitive standards emerged in the mobile EHR sub-sector, or are incompatible platforms still competing for supremacy?
  • What are the key differences between doing business with hospitals and doing business with physician practices?  Is one or the other seen as more stable?
  • What are the key risks in dealing with hospitals and physicians that investors should be aware of?
  • How can a healthcare portfolio company best differentiate itself in this competitive marketplace?
  • Are large, more diversified technology companies making acquisitions in the healthcare IT space?  How much interest is being shown this year compared to last?
  • With the release of stimulus funds from the HITECH Act reportedly delayed, are companies making adjustments in their business models?
  • Given the uncertainty whether healthcare reform will be repealed or held unconstitutional, are investors showing any reticence or are they moving ahead?
  • What are the opportunities in acquiring and owning physician services?
  • Are PE firms finding investment opportunities in not-for-profit healthcare systems?  What are the challenges these providers face?
  • How do you judge a healthcare deal today?  What metrics do you use?  What are the valuation guidelines?  What financing strategies are most appropriate?
  • And much, much more.

Benefit From Excellent Networking Opportunities

 

Conferences from The Capital Roundtable stand apart in their attention to both content and connections.  We’ve built ample time into the agenda, including session breaks and an open lunch, where you can meet fellow attendees and featured speakers to build ideas and relationships.

 

You should attend this conference if you are a --

 

  • GP or LP looking to invest in healthcare companies.
  • Partner or operating executive of a healthcare portfolio company.
  • Lender wishing to participate in healthcare transactions.
  • Hedge fund manager or venture capitalist seeking investments in healthcare.
  • Investment banker pursuing deals within the healthcare industry.
  • Attorneys and advisors who focus on the healthcare space.
  • Executive search professionals recruiting for the PE industry.

          Remember, register with our Early Bird Discount by October 7, 2011, and you’ll

          save $400 off our standard fee!  Please make your reservation now so you’re not           disappointed.  We’ll be looking forward to greeting you.

 

For more information, please feel free to contact Shaina Mardinly at 212-832-7333 ext. 0 or smardinly@capitalroundtable.com.

 

This conference is being produced by The Capital Roundtable, America’s leading conference organization focusing on “need-to-know” information for professionals in the middle-market private equity community. For more information about The Capital Roundtable’s 30 annual MasterClasses and other events and programs, please visit www.capitalroundtable.com.

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Faculty

Chaired By

  • Michael P. Gaffney, Managing Director, EDG Partners LLC

Hosted By

  • Burt Alimansky, Managing Partner, Alimansky & Bethell Group, and Chairman, The Capital Roundtable

Speakers

  • Gregory M. Browne, Managing Director, Fifth Street Finance Corp.
  • Robert J. Bunker, Chairman & CEO, Medical Staffing Network Inc.
  • C. Taylor Cole, Managing Director, Charterhouse Group Inc.
  • Donald Dempsey, Senior Vice President, Marwood Group LLC
  • Benjamin B. Edmands, Managing Partner, Consonance Capital Partners
  • Raymond G. Falci, Managing Director, Cain Brothers & Co. LLC
  • Thomas J. Flynn, Venture Partner, SV Life Sciences
  • Michael D. Gervais, Chief Executive Officer, Gemino Healthcare Finance Inc.
  • John Heller, Chief Executive Officer, HealthPro Management Services
  • James M. Hill, Executive Chairman, Benesch Friedlander Coplan & Aronoff LLP
  • Brent McCarty, Chief Executive Officer, Eagle Hospital Physicians
  • Kenton L. Rosenberry, General Partner, Enhanced Capital Partners LLC
  • Alan E. Schabes, Partner, Benesch Friedlander Coplan & Aronoff LLP
  • Arthur M. Schwabe, President, Premier Home Health Care Services Inc.
  • David P. Tamburri, General Partner, Health Enterprise Partners LLC
  • Rurik G. Vandevenne, Director, River Cities Capital Funds LP
  • Michael J. Weber, Managing Director, BB&T Capital Markets
  • Stephen F. Wiggins, Managing Director, Essex Woodlands Health Ventures LP
  • Jeffrey M. Woods, Senior Principal, Parthenon Group LLC
  • Additional Speakers To Be Announced

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Schedule

 

MasterClass
07:30 - 08:15
08:15 - 08:45
08:45 - 09:45
09:45 - 11:00

11:00 - 11:30

11:30 - 12:30

12:30 - 01:45

01:45 - 02:45


02:45 - 03:30
03:30 - 04:30


04:30

  

Wednesday, November 16, 2011

Registration, Networking, & Continental Breakfast

Welcoming Remarks & Audience Introductions

Chairman’s Keynote

First Panel -- “Healthcare Services -- Why We Think the Field Will Stay Attractive Despite the Cool Economy”
Coffee & Networking Break

Second Panel -- “Healthcare IT -- Why We Think This Segment Will Lead the Industry’s Growth for Years to Come"
Luncheon & Networking
Third Panel -- “Legal & Regulatory Issues & Due Diligence -- Four Top Deal Professionals Explain How They Identify & Navigate the Unique Issues of Healthcare Services and Healthcare IT Deals”
Afternoon Keynote
Fourth Panel -- “Creating Value -- Benefits We Like About Working with PE Companies”
Networking & Adjournment

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Registration

  • Early Bird Registration Fee -- and save $400 off the standard fee! Register by Friday, October 7, and the fee for the MasterClass is $995.
  • Premiere Registration Fee -- save $200 off the standard fee! Register by Friday, October 28, and the fee for the MasterClass is $1195.
  • After that, the standard fee is $1395 for the MasterClass.
  • At the door, if space is available, the fee is $1495 for the MasterClass.
  • Special group rates -- The Capital Roundtable offers a special discount for 2 or more people.  For more info, please contact Shaina Mardinly smardinly@capitalroundtable.com or 212-832-7333 ext 0.


Click Here to Register >>    Purchase Audio Package >>

 

 Visit Audio Library >>    Add to Outlook Calendar >>

 


You can pay by credit card (using the links above) or by check. Mail your check and business card to: New York Business Roundtable Inc., 12 East 44 Street, Penthouse, New York, NY 10017.

If the program is oversubscribed, we will notify you immediately and not charge your credit card.  (If you need to cancel, please do so by Wednesday, November 9 at 5:00pm, and we will credit you for a future MasterClass.)


From time to time, for reasons beyond Capital Roundtable's control, program schedules and speakers become subject to change.  We make every effort to announce substantive changes by email to registrants at least 48 hours in advance.

Have a special question?  Please contact Shaina Mardinly at 212-832-7333 ext.0 or by email at smardinly@capitalroundtable.com.

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Location

The University Club
College Hall -- First Floor
One West 54 Street (at 5th Avenue)
New York City

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Audio Package

Can't attend but want to hear the program? You can buy the audio package along with the handouts. Purchase the audio package online now.

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Sponsorship

The Capital Roundtable offers excellent marketing and business development opportunities to reach the middle-market private-equity community . For more details, please contact Dana DeMattia at 212-832-7333 or by email at ddemattia@capitalroundtable.com.

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