Albaron Partners

Reach New Heights With Us

We are a team of entrepreneurs investing in and growing small healthcare businesses.

Albaron Partners, LP is a private equity partnership launched in 2017 that focuses on investing in and growing medical practices and micro-cap healthcare businesses. We take an active role in the operations of our companies, helping them enhance marketing, expand geographically and move into adjacent verticals. We are supported by a team of seasoned operating partners with expertise in clinical management, multi-site operations and marketing.

Healthcare Focus

Our investment team brings decades of private equity and deal execution experience and are supported by operating partners with expertise in clinical management, multi-site operations and marketing, who serve as advisors and directors of our companies. Our portfolio companies include Metro Vein Centers, a network of vascular practices operating eleven centers across the Midwest, North East and South West, and Great Lakes Foot & Ankle Institute, a network of podiatry practices operating twelve centers across the Midwest. Each of our investments are set up as evergreen funds, giving us the ability to grow our companies through long-term strategic initiatives such as building de-novos and developing ancillary services.

Our tailored investment approach can accommodate the unique goals of owners that are looking to sell a medical practice or healthcare business, whether it be their continued clinical involvement, retirement plans or efficient tax structuring. We allow physician-owners to step back from day-to-day operations to focus on patient care and clinical management. We handle all support functions including customer acquisition, admin, billing, collections, technology and compliance.

Leveraging its extensive industry contacts and experience, Albaron helps medical practices increase revenue, expand geographically and move into adjacent verticals. We do so by delivering operational excellence while ensuring that the practice has a healthy flow of business. Some of our key initiatives include:

  • Group purchasing
  • Innovative digital advertisement
  • Cross-selling of ancillary services
  • Referral network building
  • Capitated networks participation
  • RCM & cross coding
  • Back-office consolidation
  • Patient financing
  • Clinical research studies participation

Our Team

Investment Team

Alessio Baraldi

Partner

  • Non-Executive Director of Metro Vein Centers and Non-Executive Chairman of Great Lakes Foot & Ankle Institute.
  • Spent twelve years as a venture capital and private equity executive specializing in healthcare at Blackstone, Warburg Pincus and Morgan Stanley in New York and London.
  • Managed an aggregate $3bn of private equity investments across venture capital, growth equity and late-stage buyouts.
  • MBA from The Wharton School at the University of Pennsylvania.

Dmitri Ivanov

Partner

  • CEO of Metro Vein Centers and Non-Executive Director of Great Lakes Foot & Ankle Institute.
  • Spent fifteen years in real estate private equity, hospitality management and operations.
  • Previously finance director of Starwood’s Le Meridien Hotels Group and directed the turnaround of Bliss, a chain of 40 spas.
  • Started his career as a management consultant with Marakon Associates.
  • MBA from The Wharton School at the University of Pennsylvania.

Debo Adesina

Partner

  • Executive Director of Great Lakes Foot & Ankle Institute and Chief Legal Officer of Metro Vein Centers and Great Lakes Foot & Ankle Institute.
  • Spent over five years in accounting and finance and ten years as a private equity M&A attorney with several law firms.
  • Previously corporate partner at McGuireWoods LLP, and attorney with DLA Piper and Akin Gump. Also worked as a CPA at Houlihan Lokey, Deloitte and PwC.
  • Represented middle market PE funds and strategics with combined deal value in excess of $10bn.
  • JD from the University of Virginia School of Law; Certified Public Accountant.

Damian Dalla-Longa

Partner

  • Non-Executive Director of Great Lakes Foot & Ankle Institute.
  • Launched and ran Better Choice Company (OTCMKTS: BTTR), a $55mm SPAC in the Animal Health space ($60mm revenue).
  • Spent twelve years as an investment executive at Bain Capital and King Street Capital Management, two multibillion dollar special-situation funds, in New York and Boston.
  • Managed an aggregate $2.5bn of investments across multiple sectors.
  • MBA from the Wharton School at the University of Pennsylvania.

Sonia Ponnusamy

Partner

  • Spent over eight years in business development and marketing roles across hedge funds, private equity and venture capital in New York and Hong Kong. Most recently head of business development at Senrigan Capital Group, an Asian event-driven hedge fund based in Hong Kong
  • Previously an investment banker at Lehman Brothers and Nomura in London. Also worked as a chartered accountant (CPA) at Deloitte and EY in London.
  •  MBA from the Wharton School at the University of Pennsylvania and MPA from Harvard University.

Operating Partners

doctor frascone

Dr. Stephen Frascone

Founder and Chief Medical Officer of
Great Lakes Foot and Ankle Institute

  • Diplomate of the American Board of Foot and Ankle Surgery and fellow of the American College of Foot and Ankle Surgeons. Certified as wound care specialist by the American Academy of Wound Management.
  • Medical training at the Des Moines University College of Podiatric Medicine and Surgery and three-year surgical residency at St. John Hospital – North Shores.
  • Fellowship in traumatology and reconstructive foot and ankle surgery at the University Clinic for Traumatology in Vienna, Austria.

Dr. Raj Pannu

Columbus Vascular, Vein & Wound Center

  • Founded and ran Columbus Vascular, Vein & Wound Center, a premier limb salvage practice in Ohio.
  • Board certified in endovascular medicine, vascular medicine, and internal medicine.
  • Fellowships in Vascular Medicine (Mayo Clinic), Advanced Endovascular Interventions (Fogarty Institute), Vascular & Interventional Radiology (St. Luke’s Roosevelt Hospital), and Internal Medicine Residency (New Hanover Regional Medical Center).
  • Previously Assistant Professor of Clinical Medicine at Ohio State University Medical Center.

Art Golden

Chief Operating Officer at
Metro Vein Centers

  • Brings decades of operating experience in senior executive roles across healthcare and business services organizations.
  • Previously Director of the Northeast Operations for Stericycle, where he grew his region from $2mm to $300mm in revenue and oversaw a staff of 1,300 employees.

Our Companies

A network of vascular practices operating eleven centers across the Midwest, North East and South West and treating 15,000 patients a year.

In August 2017, Albaron completed its first investment with the acquisition of Metro Vein Centers, a Michigan-based network of practices specializing in minimally-invasive treatment of varicose veins and venous insufficiency. Since our acquisition in 2017, the company doubled the number of centers and generated 210% revenue growth.

metroveincenters.com

   

A network of podiatry practices operating twelve centers across the Midwest and treating 40,000 patients a year.

In late 2018, Albaron completed the acquisition of Great Lakes Foot & Ankle Institute, a Michigan-based podiatry practice. The company offers routine and surgical foot and ankle care for all age ranges, servicing patients suffering from a wide array of foot related illnesses, including diabetes, arthritis, fractures and infectious diseases. Since our acquisition in January 2019, the company expanded into Illinois and generated 140% revenue growth.

greatlakesfootandankle.com

Contact us

We welcome inquiries from company owners, physicians, business managers, intermediaries, accountants, legal advisors, corporate advisors, business appraisers, estate planners, private wealth managers, consultants, and industry experts.

Location

Albaron Partners, LP
2008 Hanover Ave,
Richmond, VA 23220

Get in Touch

Alessio Baraldi
alessio@albaronpartners.com
Phone: (347) 470-4382

Mason Christensen
mason@albaronpartners.com
Phone: (484) 941-4597