HealthEdge Appoints New Operating Partner
TAMPA, FLORIDA — October 10, 2012 — HealthEdge Investment Partners, LLC (“HealthEdge” or the “Fund”) announced today that it has appointed Steve Karasick as the Fund’s Operating Partner dedicated to Human Capital and Technology for the Fund’s portfolio companies. Mr. Karasick will also serve as President and COO of Infinity Homecare, a Floridabased portfolio company managed by the principals of HealthEdge.
Most recently, Mr. Karasick was Executive Vice President, Integration & Chief Human Resources Officer of Piedmont Healthcare, Inc., a top southeast regional healthcare system, where he led the system-wide strategy for integration of a $1.6 billion company and reported directly to the CEO. Among his accomplishments at Piedmont, Mr. Karasick co-led (with CEO) the vision for the overall system integration across 5 hospitals, over 1000 physicians, and corporate support. Prior to Piedmont Healthcare, Mr. Karasick was Senior Vice President, People & Technology of Stiefel, a global pharmaceutical Company founded in 1847 that manufactures and markets a variety of prescription and non-prescription dermatological products which was sold to Glaxo SmithKline (“GSK”) for $3.6 Billion in 2009. During Mr. Karasick’s tenure at Stiefel, he reported directly to the Chairman and CEO and was the primary leader of information technology (CIO), human resources (CHRO), communications, global project management and organizational development and played key roles in the integration of Stiefel’s $840 million acquisition of the Connetics Corporation in 2006 and the reverse integration of the Stiefel into GSK post transaction. Mr. Karasick received his BA from the University of North Carolina, Chapel Hill, and his MBA from Emory University, Goizueta Business School.
Phil Dingle, a Managing Partner of HealthEdge, said, “We are thrilled to attract a top executive of Steve’s caliber to add to our team. Given our operational focus, Steve will be instrumental in overseeing a variety of activities in our businesses. Steve will create significant value for our portfolio companies going forward, and his background and experience complements our team and our efforts to build leading healthcare companies in our targeted sectors.”
According to Mr. Karasick, “I am excited about joining the HealthEdge team. I hope to bring a unique perspective to each of our partners as we continue our strategy of building, growing, and optimizing our business opportunities.”
HealthEdge Investment Partners
100 S. Ashley Drive, Suite 650
Tampa, Florida 33602
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge’s partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, visit www.healthedgepartners.com.
For more information, please contact Phil Dingle at HealthEdge Investment Partners at (813) 490-7101