Genstar Capital, a middle market private equity firm that focuses on investments in the life science, healthcare services, software, financial services and industrial technology industries, has appointed Robert J. Sheehy as an operating partner and member of its strategic advisory board.
Sheehy served with UnitedHealth Group for more than 20 years, from 1986 to 2008, becoming chief executive in 2000.
In 1986 he had his first large regional role as president and chief executive officer, Lincoln National/UnitedHealthcare Ohio, Kentucky, and Tennessee and over the next 12 years he held various multi-state and single-state responsibilities in the Midwest principally around the Ohio market.
He led all of United’s acquisitions that were health plan focused during this period of the company’s extensive growth.
He was named president and chief operating officer, UnitedHealthcare in 1998 and after serving as chief executive 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 chief executive of Southern Colorado in 1984.
"As UnitedHealthcare grew to become one of the most successful and diversified managed care organisations, Bob played a leading role in strategy, operations and acquisitions, adding great value to United over the course of more than 20 years," says Jean-Pierre L. Conte, Genstar’s chairman and managing director. "We look forward to benefiting from his breadth and depth of knowledge and experience in the healthcare sector as we continue to expand our investing efforts in this field."
Genstar Capital’s strategic advisory board provides portfolio companies with a source of operating experience and insight. It is composed of influential senior executives who are current or former leaders of major corporations.
