The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 16 hours ago
Jan 9 2017 | 5:22pm ET
Private equity manager Clayton, Dubilier & Rice (CD&R) has appointed Liam FitzGerald, former CEO of UDG Healthcare Plc, as an operating advisor.
FitzGerald will work out of CD&R’s London office, the company said in a statement.
As CEO of UDG Healthcare from 2000 until 2016, he expanded the business from a mainly Irish-based distribution services business into a multi-faceted and multi-national healthcare services group operating in 20 countries. During that period, the company’s market capitalization increased by more than 500 percent and earnings grew at a compound annual rate of more than 20 percent. Moreover, FitzGerald is credited with leading and seamlessly integrating more than 30 acquisitions into the parent company.
“Liam is a recognized leader who has a demonstrated record of driving sustained enterprise growth, market share gains and value creation on a global scale,” said CD&R partner David Novak, in the statement. “He brings valuable healthcare industry expertise, deep market insights and a broad network, particularly in Europe where we are enthusiastic about the investment opportunities presented by strong secular trends in the healthcare space.”
Prior to serving as CEO of UDG Healthcare, Mr. FitzGerald was the company’s director of healthcare supply chain from 1996 until 2000, and was business development manager for the company’s drug distribution unit from 1993 until 1996.
Founded in 1978, New York-based CD&R is a private investment firm that has managed the investment of $22 billion in 72 businesses since inception.