Frazier Healthcare Partners Adds Three New Team Members to Its Center of Excellence
Frazier Healthcare Partners, a private equity firm specializing in healthcare, has announced the addition of three new professionals to its Center of Excellence.
Sanji Fernando joins as Partner – Data & Artificial Intelligence, Steve Blackhart as Vice President – Corporate Development, and Lindsey Murphy as Director – Sales Operations.
The Center of Excellence focuses on Human Capital, Technology & Innovation, Data Analytics & AI, M&A & Corporate Development, Finance, Operations, Legal, Commercial Excellence, and ESG.
Frazier aims to leverage their expertise to drive transformation and create value across its portfolio companies.
- Addition of experienced professionals in key areas such as Data & AI, Corporate Development, and Sales Operations.
- Strategic expansion in domains like Human Capital, Technology & Innovation, and ESG.
- Increased focus on value creation opportunities as part of a differentiated strategy.
- Enhanced support for portfolio companies in various technical and operational areas.
- No disclosed financial metrics or concrete data on immediate impact on portfolio companies.
- Potential high costs associated with onboarding experienced professionals in specialized roles.
Frazier continues to focus on the strategic expansion of its dedicated Center of Excellence (CoE), providing Fortune 500 talent to our portfolio companies in the areas of Human Capital, Technology & Innovation, Data Analytics & Artificial Intelligence, M&A & Corporate Development, Finance, Operations, Legal, Commercial Excellence, and ESG. Frazier Managing Partner Ben Magnano said, “As the firm continues to invest in the breadth and depth of this team, we are targeting expansion in areas where we see accelerated value creation opportunities as part of our differentiated strategy.”
"Frazier is fortunate to have such a talented, collaborative group of professionals who enjoy supporting our management teams and helping them drive transformation,” said Andy Caine, CoE COO & Partner. “We are thrilled to welcome Sanji, Steve, and Lindsey to our team, each of whom brings a wealth of experience in their areas of expertise.”
About Sanji Fernando: Sanji joined Frazier’s CoE Data & AI team after serving as SVP of AI Products and Platforms at Optum, where he spearheaded the development of next generation AI to transform healthcare. He launched United AI Studio, a unified platform enabling rapid experimentation and deployment of advanced ML across UHC and Optum. The United AI Studio provides access to cutting-edge capabilities like Generative AI while ensuring rigorous monitoring of model performance and evaluating models for bias. Previously, Sanji pioneered the application of deep learning for risk adjustment, automating the identification of hierarchical condition codes from medical charts. This innovation drove efficiencies and positioned UnitedHealth as an AI leader in healthcare administration. Sanji also founded Optum Labs' Center for Applied Data Science (CADS), delivering innovative AI and Machine Learning solutions to complex healthcare challenges. With his proven track record of leveraging AI to create enterprise value, Sanji was key in positioning UnitedHealth to the forefront of healthcare's digital transformation. His leadership and technical acumen make him a strategic driver of transformative innovation for the organization. Sanji obtained his BS in Computer Science from Trinity College in
About Steve Blackhart: Steve Blackhart is an M&A professional with extensive transaction experience on both the buy-side and sell-side. He joins Frazier from Black Eagle Advisors, an M&A advisory firm he founded in 2015. There, Steve executed transactions across a wide breadth of industries, including healthcare, business services, and consumer products. He also provided strategic guidance in the formation of corporate development functions within newly acquisitive organizations and served as the head of M&A for a number of companies. Most recently, Steve led corporate development for MiX Telematics (NYSE: MIXT), directing the Company’s acquisition of Trimble’s Field Services Management division and its merger with Powerfleet (NASDAQ: PWFL). Steve began his career in the investment banking division of Bank of America Merrill Lynch before becoming a private equity professional at FFL Partners. At FFL, Steve was involved in the firm’s investments in healthcare, consumer products, and financial services businesses. Steve holds a BS in Business Administration from the University of
About Lindsey Murphy: Lindsey has over 12 years of experience in sales operations, and in her role at Frazier, she will support its portfolio companies with sales operations, including improving sales processes, tools, and pipeline management. Her responsibilities include utilizing expertise in data analysis, CRM administration, and sales forecasting to improve sales efficiency and revenue growth. Prior to Frazier, she was the Director of Sales Operations at Parata, a Frazier portfolio company. During her time at Parata, Lindsey provided strategy, design, and execution of sales processes for the commercial organization leading to increasing revenue from
About Frazier Healthcare Partners:
Founded in 1991, Frazier Healthcare Partners is a leading private equity firm focused exclusively on the healthcare industry. Since its inception, Frazier has raised over
For more information about Frazier Healthcare Partners, visit www.frazierhealthcare.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240613272677/en/
Frazier Healthcare Partners
Carol Eckert, VP of Investor Relations
Phone: 206.621.7200
Email: carol.eckert@frazierhealthcare.com
Source: Frazier Healthcare Partners
FAQ
Who are the new additions to Frazier Healthcare Partners' Center of Excellence?
What areas does Frazier Healthcare Partners' Center of Excellence focus on?
What is the strategic goal of Frazier Healthcare Partners' recent expansion?
How does Frazier Healthcare Partners aim to create value with the new team members?
