Former CEO of United HealthCare Joins Private Equity Firm as an Operating Partner With Focus on Healthcare

One of the main focuses of GenStar is healthcare and pharma investments. Robert Sheehy served as CEO of United Healthcare and worked for the company for over 20 years, and in 2000 became the CEO. The article states he played strategic roles in acquisitions during that time and if I remember correctly, Ingenix, the algorithm side of United was added during that time. It was not the only acquisition but in the world of Health IT, one division that makes a ton of money from software and transaction fees.

The GenStar websites states they are not “passive” investors and want to have an impact on the overall operation of their businesses. BD

SAN FRANCISCO, April 7 /PRNewswire/ -- Genstar Capital, LLC, a middle market private equity firm that focuses on investments in selected segments of the life science, healthcare services, software, financial services, and industrial technology industries, today announced the appointment of Robert J. Sheehy, an experienced healthcare executive who served as CEO of UnitedHealthcare, as an Operating Partner and member of its Strategic Advisory Board (SAB).

He was named President and Chief Operating Officer, UnitedHealthcare in 1998 and after serving as CEO for seven years he became Senior Vice President UnitedHealth Group in 2007. Prior to joining UnitedHealthcare he was one of the early employees of Peak Health Plan from 1982 to 1986 before it was acquired by UnitedHealth Group, joining as Director of Operations and becoming CEO of Southern Colorado in 1984.

Genstar Capital's Strategic Advisory Board provides portfolio companies with a rich source of operating experience and strategic insight. Composed of influential senior executives who are current or former leaders of major corporations, the SAB includes executives who have served in senior capacities with such leading companies as Abbott Laboratories, Andersen Consulting, Pharmacia & Upjohn, CNA Insurance Companies, ITT Corporation, Oracle, Ingersoll Rand, Axia Health Management, MedImmune, Inc., WellPoint, Siebel Systems, and ICOS Corporation.