ABOUT

Altaris is an investment firm focused exclusively on the healthcare industry

APPROACH

We target companies that deliver value to the healthcare system

RECENT NEWS

Clearwater Says New National Survey Findings A ‘Wake-up Call’ for Health System Cybersecurity

About

Altaris Capital Partners, LLC is an investment firm focused exclusively on the healthcare industry. We invest in businesses that deliver value to the healthcare system by improving patient outcomes, eliminating unnecessary costs, increasing efficiency and aligning stakeholder incentives. Since inception, we have invested in 35 portfolio companies across our four main investment funds, and today we actively manage $2.4 billion of equity capital. Altaris is based in New York City.

Our Values

We are committed to conducting business with fairness and integrity. Our reputation as a trustworthy partner and counterparty must be consistently evidenced and reinforced through our actions. We treat everyone with respect. We measure ourselves against high performance targets and work diligently and collaboratively to achieve our goals. These values form the foundation of the Altaris culture and enable the successful execution of our investment strategy.

History

Altaris was founded as a healthcare-dedicated investment firm in 2003. Since that time, we have raised four, sequentially larger, investment funds and two committed co-investment vehicles.

Our industry experience enables us to be a knowledgeable and supportive partner

Team

George E. Aitken-Davies
Managing Director

George E. Aitken-Davies
Managing Director


Mr. Aitken-Davies co-founded Altaris. Prior to the formation of Altaris, he held various positions in Merrill Lynch’s private equity and healthcare investment banking groups. Mr. Aitken-Davies received a Masters in Biochemistry from the University of Oxford and completed the research for his dissertation at the Università di Padova, Italy.

Mr. Aitken-Davies currently serves as a trustee of the Children’s Hospital of Philadelphia and the Senator Foundation.

Daniel G. Tully
Managing Director

Daniel G. Tully
Managing Director


Mr. Tully co-founded Altaris. Prior to the formation of Altaris, he held various positions with Merrill Lynch, including serving as the firm’s global head of healthcare equity capital markets, and as a member of Merrill Lynch’s private equity and investment banking groups. Mr. Tully received a B.S. in Economics from the University of Pennsylvania, Wharton Undergraduate Program.

David G. Ellison
Managing Director

David G. Ellison
Managing Director


Mr. Ellison is a managing director at Altaris, where he leads the firm’s investments in the provider and payor services sectors. Prior to joining Altaris, Mr. Ellison was a member of the healthcare investment banking group at Lehman Brothers where he assisted clients in the execution of a number of mergers, acquisitions and financing transactions across the healthcare industry.

Mr. Ellison graduated with a degree in Mathematics and Economics from Washington and Lee University.

James D. O’Brien
Managing Director

James D. O’Brien
Managing Director


Mr. O’Brien is a managing director at Altaris, where he leads the firm’s investments in the medical device and diagnostics sectors.  Prior to joining Altaris, Mr. O’Brien was a member of the investment banking and equity capital markets groups at Merrill Lynch where he assisted clients in the execution of a number of mergers, acquisitions and corporate finance transactions across various industries.

Mr. O’Brien received a B.A. in History from Princeton University.

Nicholas D. Fulco
Vice President

Nicholas D. Fulco
Vice President


Mr. Fulco is a vice president at Altaris. Prior to joining Altaris, Mr. Fulco was a Senior Associate at CCMP Capital Advisors where he completed buyout and growth equity investments in the Healthcare and Consumer / Retail sectors. Mr. Fulco received a B.A. in International Studies from Boston College.

Garikai Nyaruwata
Vice President

Garikai Nyaruwata
Vice President


Mr. Nyaruwata is a vice president at Altaris. Prior to joining Altaris, Mr. Nyaruwata was an engagement manager in the private equity and healthcare practices of McKinsey & Company where he completed numerous transaction and corporate strategy engagements. Mr. Nyaruwata received an M.S. in Financial Economics from Oxford University and a B.S. in Economics from The University of Cape Town.

Michael W. Ambrosia
Associate

Michael W. Ambrosia
Associate


Mr. Ambrosia is an associate at Altaris. Prior to joining Altaris, he was a member of the healthcare investment banking group at Citigroup where he assisted clients in the execution of a number of mergers and acquisitions and corporate finance transactions across various sub-sectors. Mr. Ambrosia graduated from Princeton University with a degree in Economics and a Certificate in Finance.

Max Meehan
Associate

Max Meehan
Associate


Mr. Meehan is an associate at Altaris. Prior to joining Altaris, he was a consultant at Bain & Company, where he assisted healthcare clients in the execution of strategic engagements across various subsectors. Mr. Meehan graduated from Harvard University with a degree in chemistry and a secondary in health policy.

Michael W. Oleferchik
Associate

Michael W. Oleferchik
Associate


Mr. Oleferchik is an associate at Altaris. Prior to joining Altaris, he was a member of the healthcare investment banking group at J.P. Morgan where he assisted clients in the execution of a number of mergers and acquisitions and corporate finance transactions across various sub-sectors. Mr. Oleferchik graduated from the University of Notre Dame with a degree in Finance.

Peter S. Partee
Associate

Peter S. Partee
Associate


Mr. Partee is an associate at Altaris. Prior to joining Altaris, he was a member of the consumer and healthcare investment banking group at Wells Fargo Securities where he assisted clients in the execution of a number of mergers and acquisitions and corporate finance transactions across various sub-sectors. Mr. Partee graduated from Washington and Lee University with a degree in Economics and Politics.

Charles T. Mullens
Chief Financial Officer

Charles T. Mullens
Chief Financial Officer

Mr. Mullens is the CFO and CCO at Altaris. Prior to joining Altaris, Mr. Mullens was the Director of Fund Reporting at J.C. Flowers & Co. LLC, where he also served on the firm’s compliance committee. Mr. Mullens was previously a senior manager for Deloitte & Touche Overseas Services LLC, where he served as a member of the International Financial Services Group in Dublin, Ireland. Prior to that he was a Manager at Deloitte & Touche LLP, New York, where he worked on large and small private equity clients with a focus on leveraged buyout, venture capital and fund-of-funds. Mr. Mullens is a New York State Certified Public Accountant and received his B.S. in Accounting from the University of Scranton.

Irina Lysochenko
Controller

Irina Lysochenko
Controller


Ms. Lysochenko is the controller of Altaris. Prior to joining Altaris, Ms. Lysochenko was an accounting manager at Pomona Capital, where she was responsible for fund accounting and financial reporting. She began her career as an auditor at PricewaterhouseCoopers. Ms. Lysochenko received a B.A. in Computer Science and a M.S. in Accounting from Pace University. She is a New York State Certified Public Accountant.

Anthony Balzofiore
Tax Manager

Anthony Balzofiore
Tax Manager


Mr. Balzofiore is the tax manager at Altaris. Prior to joining Altaris, Mr. Balzofiore was a tax manager at KPMG LLP where he provided tax compliance and tax consulting services to private equity funds, hedge funds, and mutual funds with various investment strategies and fund structures. Mr. Balzofiore received his B.S. and MBA in Accounting from St. John’s University.

Jennifer A. Graci
Office Manager

Jennifer A. Graci
Office Manager


Mrs. Graci has been a member of the Altaris team since its formation. Prior to Altaris, Mrs. Graci was an assistant vice president and administrative coordinator at Merrill Lynch, working with the firm’s equity capital markets group and private equity group.

Rachel Brizzi
Operations Associate

Rachel Brizzi
Operations Associate


Ms. Brizzi is an operations associate at Altaris.  Prior to joining Altaris, she was an executive assistant at Spielman Koenigsberg & Parker, LLP supporting two partners and a team of 15 accountants.  Ms. Brizzi graduated from Bowling Green State University with a degree in Marketing.

Nikki Rouel
Operations Associate

Nikki Rouel
Operations Associate


Ms. Rouel is an operations associate at Altaris. Prior to joining Altaris, Ms. Rouel was an executive assistant at Theorem Capital supporting the managing directors and project management to operations. Ms. Rouel received a B.S. in Consumer Sciences and Marketing from California State University of Northridge.

Dr. Robert J. Watson
Senior Advisor

Dr. Robert J. Watson
Senior Advisor


Dr. Watson is a managing director at Altaris, where he leads the firm’s investments in the pharma and pharma services sectors. Prior to joining Altaris, Dr. Watson was a member of the healthcare team at Hg Capital and Ares Life Sciences, where he executed a number of buyout and growth capital investments in various healthcare sectors. Dr. Watson previously worked at Sofinnova Partners in Paris.

Dr. Watson has a Masters in Molecular and Cellular Biochemistry and a Doctorate of Philosophy in Neurology, both from the University of Oxford. His research covered the mechanisms of neurodegenerative disease and has been published in the journal Neurology.

Michael J. Kluger
Senior Advisor

Michael J. Kluger
Senior Advisor


Mr. Kluger is a senior advisor to, and was a co-founder of, Altaris. Prior to the formation of Altaris, he was a founding partner of Liberty Partners and held various positions in Merrill Lynch’s private equity and investment banking groups. Mr. Kluger received a B.A. in History from Trinity College and an M.B.A. from the University of Chicago, with a concentration in hospital administration. Mr. Kluger is on the board of Trinity College and The Posse Foundation.

We target companies that deliver value to the healthcare system

Approach

We target businesses that we believe address the needs of the healthcare system by improving patient outcomes, eliminating unnecessary costs, increasing efficiency and aligning stakeholder incentives. Our areas of focus span the major verticals of the industry, including companies that operate in the pharmaceutical, medical device, provider services and healthcare insurance subsectors.

Commercial-stage companies with compelling business fundamentals
We look for companies with established business models, differentiated products or service offerings, sustainable competitive advantages, and potential for growth, both organic and through acquisitions.

Corporate carve-outs and partnerships
Many of our investments have been divestitures of non-core assets from, or strategic co-ownership arrangements with, corporate partners and not-for-profit healthcare systems.

Founder and family-backed companies
We have a significant experience working alongside entrepreneurs and with family-owned businesses.

Majority and influential minority investments
We endeavor to customize our approach to meet the unique requirements of each investment opportunity, rather than execute a rigid playbook. We will make both majority and minority investments.

Conservative use of leverage
We exercise prudence in the use of debt financing to ensure that our portfolio companies have the capital structure flexibility necessary to achieve their full potential.

Value added partners
We believe that our industry knowledge and experience enable us to be a valuable partner to our portfolio companies. We seek to harness the extensive Altaris network through efforts such as strengthening management teams, facilitating access to customers, identifying and executing acquisitions, and arranging and managing financings.

We seek to harness the extensive Altaris network for the benefit of our portfolio companies

Portfolio

  • All
  • Current
  • Realized
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Acclara


Revenue cycle management solutions

Provider of revenue cycle management services to hospital systems and other healthcare providers throughout the United States.

Location: Houston, TX

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Alterna


Clinically proven over-the-counter (OTC) medicines

OTC pharmaceutical products including the Kerasal® brand of podiatrist-recommended foot therapies and JointFlex®, a topical analgesic and NonSpil™ delivery technology for liquid medications.

Sold to MobergDerma

Location: Cedar Knolls, NJ

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AGS Health


Revenue cycle management services

AGS Health is a provider of outsourced revenue cycle management (RCM) services to U.S.-based healthcare providers.

Location: Newark, NJ

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Analogic


Advanced imaging technologies

Provider of image generation and detection products and components that are embedded in complex imaging equipment, including computed tomography (CT), magnetic resonance imaging (MRI), digital mammography, and airport baggage screening systems.

Location: Peabody, Massachusetts

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bk medical


Branded ultrasound medical devices

Provider of premium ultrasound systems and probes primarily used in perioperative and diagnostic procedures in the urology and general surgery markets. The company’s bk™ brand has a 40-year track record of best-in-class quality and performance.

Location: Peabody, Massachusetts

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Brim


Acute care management

Provider of outsourced management services to community hospitals and acute care providers.

Sold to IASIS Healthcare

Location: Franklin, Tennessee

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Chemical Computing Group


Molecular design software for the pharmaceutical, chemical and material industries

Provider of molecular design software for the pharmaceutical, chemical and material industries. CCG’s software platform, the Molecular Operating Environment (“MOE”), streamlines drug discovery and chemical engineering processes by allowing researchers to visualize and predict molecular properties and interactions. MOE is an established market leader with more than 20 years of product development and scientific publications.

Location: Montreal, Canada

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CI Medical Technologies


Single-use medical device components manufacturer

Contract manufacturer of injection-molded plastic components for precision medical devices serving a blue-chip OEM customer base through a network of facilities in North America and Europe.

Sold to Technimark

Location: Latrobe, PA

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Clearwater Compliance


Cyber risk management and regulatory compliance solutions

Provider of cyber risk management and regulatory compliance solutions to the healthcare industry.

Location: Nashville, TN

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CMP Pharma


Specialty pharmaceuticals

Specialty pharmaceutical products sold primarily through the hospital and long-term care channels. CMP Pharma’s topical and oral liquid products serve a range of therapeutic markets, including hyperkalemia, tuberculosis, contact dermatitis and metabolic acidosis.

Location: Farmville, NC

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Creganna


Vascular access and delivery device design, development and manufacturing

Innovative designer, developer and manufacturer of delivery and access devices used primarily in cardiology and other vascular minimally invasive surgical procedures.

Sold to Permira

Location: Galway, Ireland

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CSafe Global


Cold chain packaging solutions for the biopharmaceutical industry

Provider of cold chain packaging solutions that address the global supply chain needs of the biopharmaceutical industry. CSafe Global’s climate-controlled containers are designed to maintain high-value and temperature-sensitive biopharmaceutical cargo at precise temperatures for extended periods of time and in extreme external conditions.

Location: Dayton, OH

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Gaffey Healthcare


Technology-driven revenue cycle and business office management solutions

Developer and marketer of data-driven technology solutions to help healthcare providers collect receivables more efficiently.

Location: Franklin, TN

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G&H Orthodontics


Orthodontic products manufacturer

Manufacturer and distributor of orthodontic archwires, brackets, bands, tubes, elastomerics, and other dental consumables.

Location: Franklin, IN

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HealthTronics


Products and services for the urology industry

Provider of mobile equipment services to the urology industry focused on lithotripsy, laser and cryoablation systems.

Location: Austin, TX

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HealthTronics IT Solutions


Urology-focused HCIT solutions

Provider of electronic medical records, business intelligence software and data analytics to enable independent urologists to optimize practice operations.

Sold to AmerisourceBergen (NYSE: ABC)

Location: Austin, TX

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HSS


High acuity healthcare staffing solutions

Staffing company focused on providing high acuity nurses and clinicians to hospitals with short-term staffing needs.

Sold to Thomas H. Lee Partners

Location: Greenwood Village, CO

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HWS


Provider of regulated waste management solutions

Provider of regulated medical waste services, sharps management solutions, safety and compliance services, and other consulting services to hospitals and other healthcare providers.

Sold to Stericycle (NASDAQ: SRCL)

Location: Cincinnati, OH

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IMG


International health insurance

Managing general underwriter of specialty medical insurance products, including international travel, stop-loss and medical case management and utilization review services.

Sold to ABRY Partners

Location: Indianapolis, IN

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Intralign


Orthopedic medical device management

Specialty healthcare services company offering an integrated suite of data-driven efficiency tools, care-centered design processes and clinical support services to help healthcare providers control spending on joint replacement procedures.

Sold to Pamplona Capital Management

Location: Scottsdale, AZ

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JDS Pharmaceuticals


Specialty pharmaceuticals

CNS-focused specialty pharmaceutical company selling Pexeva® and Lithobid® and developing a pipeline of clinical stage products.

Sold to Noven Pharmaceuticals (NASDAQ: NOVN)

Location: New York, NY

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Minnetronix


Medical technology design, development and manufacturing

Provider of product design, development and manufacturing services to the medical technology industry. Minnetronix is also developing a variety of proprietary platform technologies with clinical breakthrough potential.

Location: Saint Paul, Minnesota

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M2S


Clinical data and image management services

Provider of clinical information management services to hospitals that are used to measure and improve patient outcomes.

Sold to Medstreaming, LLC

Location: West Lebanon, NH

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Oasis Outsourcing


Outsourced HR and benefits services

Professional Employer Organization providing outsourced human resource services and workers compensation and medical plans to over 4,000 clients and more than 120,000 worksite employees in all 50 states.

Sold to Stone Point Capital LLC

Location: West Palm Beach, FL

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OsoBio


Contract manufacturer of injectable pharmaceutical products

Contract manufacturer of sterile injectable prescription drug products with facilities equipped to handle highly potent and cytotoxic active pharmaceutical ingredients.

Sold to AMRI (NASDAQ: AMRI)

Location: Albuquerque, NM

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Paragon Medical


Manufacturer of orthopedic instruments and surgical devices

Manufacturer of surgical implants and instrumentation for orthopedic procedures. Paragon offers its OEM customers a single source, turnkey solution for outsourced product design, engineering and manufacturing services.

Sold to Beecken Petty O’Keefe & Company

Location: Pierceton, IN

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Paramit


Medical device and life science instrument design and manufacturing

Designer and manufacturer of electronic medical devices and life science instruments for many of the most innovative and fastest growing companies in the world.

Location: Morgan Hill, CA

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Penlon


Global medical technology company focused on anesthesia devices

Manufacturer of anesthesia systems and related respiratory devices that are sold globally through a direct sales force and network of distributors.

Sold to BPL Medical Technologies Private Ltd

Location: Abingdon, UK

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Precyse


Health Information Management solutions

Provider of health information management services and educational content to healthcare providers across the U.S.

Sold to Pamplona Capital Management

Location: Wayne, PA

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Quantum Health


Care coordination and customer navigation

Provider of consumer-focused healthcare programs to self-insured employers that help members navigate the complex healthcare landscape and result in more cost-efficient consumption of medical services.

Sold to Great Hill Partners

Location: Columbus, OH

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Senior Helpers


Home Care Provider

Franchisor of private-pay, professional home care services to the elderly population, with over 300 locations in 40 states.

Location: Towson, MD

View Website

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Sparta Systems


Quality and compliance management software

Provider of TrackWise™ enterprise quality management software used by the pharmaceutical, biotechnology and medical device industries to enforce manufacturing best practices and regulatory compliance.

Sold to Thoma Bravo, LLC

Location: Hamilton, NJ

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SpecialtyCare


Outsourced Clinical services

Provider of outsourced clinical services to healthcare providers across the U.S., focused on surgical procedures requiring perfusion, autotransfusion and intraoperative monitoring.

Sold to American Securities

Location: Nashville, TN

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Trean Corporation


Insurance carrier and services provider

Insurance services company providing program management, risk transfer and administrative services to small and medium-sized insurance organizations primarily focused on the workers’ compensation market. Trean offers insurance underwriting services through its affiliate, Benchmark Insurance Company, an “A-” A.M. Best rated carrier which is licensed in 49 states.

Location: Wayzata, MN

View Website

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U.S. Health Works


Provider of occupational healthcare services in the U.S.

National provider of workers’ compensation and urgent care services helping employers and payers manage medical costs and lost employee work time.

Sold to Dignity Health.

Location: Valencia, CA

Recent News

Clearwater Says New National Survey Findings A ‘Wake-up Call’ for Health System Cybersecurity

CHIME HealthCare’s 2018 Most Wired Survey Cites Profound Need for Foundational Security and Disaster Recovery Measures. SAN DIEGO & NASHVILLE, Tenn.—(BUSINESS WIRE)—In the wake of a record-breaking $16 million data breach settlement earlier this month that put insurers and provides...

Clearwater Offers Comprehensive Medical Device Cybersecurity & Risk Management Solution

Holistic Solution Enables Healthcare Providers to Address Security Risks of Biomedical Devices and Elevate HIPAA Compliance through Unique Technology. NASHVILLE, Tenn.—(BUSINESS WIRE)—Clearwater, a top-ranked healthcare cyber risk management solutions company, announced today that it will offer healthcare delivery organizations the...

United Cargo Approves CSafe RAP Container For Flight

CSafe Global, a leading provider of active and passive temperature-controlled solutions for pharmaceutical products, is pleased to announce that United Cargo, one of the industry’s leading air cargo brands, has approved the recently launched CSafe RAP for in-flight use on...

Minnetronix Neuro Launches Global Neurapheresis™ Consortium

Collaborative effort will accelerate development of novel therapies for underserved diseases involving the central nervous system. SAINT PAUL, MINN. – Minnetronix Neuro, a division of Minnetronix Medical, today announced that it has co-founded The Neurapheresis Consortium with Duke University. Designed...

Clearwater’s IRM|PRO SAAS Platform Included in NIST SP 1800-8 “Securing Wireless Infusion Pumps” Practice Guide

NASHVILLE, Tenn.–(BUSINESS WIRE)–Clearwater, a top-ranked healthcare cyber risk management solutions company, announced today that the NIST Special Publication (SP) 1800-8: “Securing Wireless Infusion Pumps in Healthcare Delivery Organizations used Clearwater’s IRM|Analysis™ software to conduct the information risk assessment of several...

Minnetronix Neuro Successfully Completes First Clinical Study in Hemorrhagic Stroke

Minnetronix Neuro, a division of Minnetronix Medical, Inc., today announced the completion of their first sponsored, multicenter study of their novel Neurapheresis™ Therapy, the PILLAR trial. Spiros Blackburn, M.D. will present the summary data during the Late Breaking Science session...

AGS Health Listed in the 2018 100 Best Companies for Women in India List

NEWARK, N.J. and CHENNAI, India, Sept. 18, 2018 /PRNewswire/ — AGS Health Inc., a global healthcare revenue cycle management company has been named for the third year in a row to the prestigious 2018 100 Best Companies for Women in...

Clearwater releases CyberIntelligence dashboards for Its IRM|Pro Enterprise Cyber Risk Management Platform

Clearwater, a healthcare cyber risk management solutions company, announced the release of CyberIntelligence dashboards, the latest innovation for IRM|Pro, an Enterprise Cyber Risk Management System (ECRMS) for healthcare providers and their partners. With CyberIntelligence dashboards, organizations can elevate cyber risk...
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New York, NY 10022

212 931 0250

info@altariscap.com