Patient Square Capital Adds Alex Albert and Neel Varshney As Founding Partners
Healthcare investor Patient Square Capital has added Alex Albert and Neel Varshney, M.D. as Founding Partners. Albert was previously at Ares Management, where he served as Partner and co-head of health care within the Private Equity Group. Varshney was most recently at KKR, where he was Managing Director within the Americas Health Care Team.
Albert and Varshney will broaden the partnership of Patient Square Capital, joining Managing Partner Jim Momtazee, Founding Partner and Chief Financial Officer Maria Walker, and Founding Partner and General Counsel Adam Fliss.
"Having worked closely with both Alex and Neel in the past, I am thrilled to partner with them again. I know firsthand that their deep health care and investing experience will help us in our goal to establish Patient Square Capital as the preeminent health care investment firm," said Momtazee. "Alex and Neel bring distinct and complementary skills and experiences, underpinned by a shared mission to deliver for investors and to invest with the well-being of patients as a top priority."
"I am excited to join Jim and our other partners at Patient Square Capital," said Albert. "Having known Jim personally and professionally for over a dozen years, we are aligned as a team in our approach to investing and we have a shared conviction around the opportunity that exists to create a scaled and specialized health care investment firm purpose-built to partner with world-class companies and management teams."
"As a physician and investor, I believe passionately in the power of this firm, and the companies and people we partner with, to have a positive and meaningful impact on the lives of patients," said Varshney. "Now is a transformative time for health care with unprecedented opportunities to innovate and improve efficiency, and I am excited for the significant role that Patient Square Capital can play."
Albert has over 15 years of investment and acquisition experience; prior to joining Patient Square, he was a Partner with Ares Management where he served as the co-head of health care within the Private Equity Group. Prior to joining Ares in 2014, Albert was a Vice President at FFL Partners. Earlier in his career, he was an Associate at KKR. Albert is currently a Board Member and on the Executive Committee of the Healthcare Private Equity Association (HCPEA). Most recently, he served on the Board of Directors of the parent entities of DuPage Medical Group, National Veterinary Associates, Ob Hospitalist Group and Unified Women's Healthcare.
Varshney joined KKR in 2016, where he worked with Momtazee and focused on a broad range of health care transactions across private and growth equity. Prior to joining KKR, he was a Vice President at Linden Capital Partners, focused exclusively on health care. Earlier in his career, Varshney was an Engagement Manager at McKinsey & Company in the health care, private equity, and corporate finance practices and worked in business development at Medtronic. He trained in internal medicine at Massachusetts General Hospital (MGH), a Harvard academic teaching hospital, where he cared for patients.
Varshney has served on the Boards of Directors of companies across health care sectors and stages, including Ajax Health, BrightSpring Pharmerica, CORPAK MedSystems, Envision Healthcare, EPIX Therapeutics, Headlands Research, Slayback Pharma, and Virtus Pharmaceuticals.
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