Blue Wolf announces new COO
New York-based private equity firm Blue Wolf Capital Partners LLC has a new chief operating officer. The firm announced Monday that Glenn Cummins is taking over the position.
Blue Wolf Capital Partners has deep ties to the home health care world, mainly through its co-ownership of Elara Caring, formed in 2018 following the merger of Great Lakes Caring, National Home Health Care and Jordan Health Services. Blue Wolf spearheaded the merger with Kelso & Company.
Elara Caring has more than 225 locations spanning 16 states. As a diverse provider, Elara Caring offers a mix of home health, behavioral health, hospice and personal care services.
Within that continuum, Blue Wolf is especially bullish on behavioral health, Managing Partner Adam Blumenthal previously said at the Home Health Care News Capital+Strategy event.
“I happen to really think the opioid addiction side of what we’re doing is the most interesting and the fastest-growing — though still a small — piece of the business,” Blumenthal said. “It’s a good example of the benefits of scale. We have a piece of a solution to a national problem.”
Cummins previously served as co-COO, CFO and chief compliance officer of Star America Infrastructure Partners, a private equity fund specializing in large scale infrastructure investing. Prior to Star America Infrastructure Partners, Cummins served as a managing director and CFO of Fortress Investment Group.
“We are thrilled to welcome [Cummins] to the Blue Wolf team,” Blumenthal said in a statement. “With an impressive background in private equity [and] alternative investments and finance, [he] brings leadership and experience to Blue Wolf as we build out our ESG capabilities and continue to grow as a firm.”
Better Medicare Alliance adds to leadership team
On Wednesday, Better Medicare Alliance (BMA) announced it has brought on Deborah Estes as its new director of policy and research.
BMA is a community of more than 425,000 beneficiaries and 143 ally organizations supporting Medicare Advantage (MA).
Recently, BMA has grown into an influential voice in the non-medical home care world as well, especially as some providers learn how to navigate the evolving MA landscape for the first time.
“Better Medicare Alliance’s strong policy and research arm is the driving force by which we build the evidence for the value of Medicare Advantage, develop policy positions and present data necessary for advocacy for the future of MA,” Allyson Y. Schwartz, president and CEO of BMA, said in a statement “[Estes’s] extensive Medicare compliance and operations expertise made her a natural fit for this role.”
Estes previously served in a Medicare programs and quality capacity for PerformRx, a pharmacy benefits manager serving Medicare Part D plans. Her experience also includes a six-year tenure at Evolent Health, a medical technology company focused on value-based care services and payment solutions.
Goldenberg joins Edgemont partners
Edgemont Partners — an independent health care-focused investment banking firm — announced Tuesday that Eugene Goldenberg has joined the firm as a managing director.
In his role, Goldenberg will be tasked with building and leading Edgemont’s investment banking franchise in post-acute services, distribution and staffing.
Since 2012, Goldenberg has executed over 25 health care transactions, representing more than $6 billion in aggregate value.
Goldenberg joins Edgemont from the corporate M&A advisory practice at Cain Brothers. Prior to Cain Brothers, he worked as a senior equity research analyst at BB&T Capital Markets, where Goldenberg focused on small and mid-cap health care services companies in home health, hospice and other areas.