New York, NY, and Richmond, VA, November 2, 2021 – Albaron Partners, LP (“Albaron”), a U.S. private equity firm focused on acquiring majority stakes of companies in the specialty healthcare services sector, today announced that Terry Carden has joined the firm as an Operating Partner.
Carden, a 32-year veteran of the healthcare industry, brings vast operating experience and extensive knowledge of building high-performing, multi-site healthcare services companies. As the Founder & CEO of Health Management Resources, an advisory firm serving hospitals, health systems and physician practices, Carden is nationally recognized for his track record of achieving aggressive growth goals while safeguarding his clients’ reputation as quality healthcare providers. “His decades of experience advising major health systems, partnering with physicians and focusing on improving the patient experience will be incredibly valuable to Albaron and our portfolio companies. We are proud to call him an official member of our team,” said Sonia Ponnusamy, Partner at Albaron, adding “Terry’s deep industry networks and expertise across a breadth of healthcare markets will help identify both new investment opportunities and support Albaron’s portfolio companies.”
“I decided to join Albaron partners because I understand the incredible impact a team can have when its members are willing to roll up their sleeves and build true partnerships with leadership teams who are focused on entering their next stage of growth. As part of the team, I will be able to leverage my experience doing what I do best – work with motivated management teams and create substantial value by identifying new and creative avenues for growth,” explained Carden.
Albaron is a U.S. private equity firm that invests in and helps accelerate the growth of physician practice groups and microcap healthcare companies. The firm’s goal is to build best-in-class healthcare services platforms that maximize outcomes for all constituents – patients, providers, payors and investors. Albaron’s team is comprised of a seasoned cohort of operating experts and investment professionals who are uniquely qualified to realize significant value through strategic insights, operating support and accretive acquisitions. The team works collaboratively with partnering management teams and leverages its network of industry experts to augment its capabilities. For more information, visit: www.albaronpartners.com
This communication expressly or implicitly contains certain forward-looking statements that involve risks and uncertainties, including statements regarding expectations for Albaron following its appointment of Terry Carden as an Operating Partner. If any of these risks or uncertainties materialize, or if any of Albaron’s assumptions prove incorrect, Albaron’s results could differ materially from the results expressed or implied by these forward-looking statements. All forward-looking statements in this communication are based on information available to Albaron as of the date of this communication, and Albaron does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.