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Consonance Capital Partners appoints Nancy-Ann DeParle as partner

Consonance Capital Partners has appointed Nancy-Ann DeParle, an expert in healthcare policy and finance, as a partner.

 
Consonance Capital Partners focuses exclusively on private equity investing in the US lower middle market healthcare industry.
 
A top official in both the Obama and Clinton Administrations, DeParle (pictured) will re-join her former partners Mitchell Blutt, Benjamin Edmands and Stephen McKenna, who worked together for over a decade at JPMorgan Partners and its successor and predecessor entities.
 
From 2009 to January 2013, DeParle served in the Obama White House, first as counsellor to the President and director of the White House Office of Health Reform, where she spearheaded President Obama’s effort to enact the Affordable Care Act and managed the initial implementation of the law. In 2011, she was promoted to assistant to the President and deputy chief of staff for policy, where she was one of President Obama’s most senior advisors and oversaw policy development in many areas, including health.
 
DeParle also served under President Bill Clinton as the administrator of the Centers for Medicare and Medicaid Services, where she managed the USD870bn Medicare and Medicaid programmes and oversaw the successful launch of the Children’s Health Insurance Program.
 
“It is wonderful to be reunited with Nancy-Ann,” says Blutt, chief executive of Consonance Capital and managing partner and co-founder of Consonance Capital Partners. “There is no other individual with her combination of healthcare policy and industry insight and private equity investing expertise. She is a delightful partner who completes the re-assemblage of our private equity team.”
 
“I have great respect for Mitchell, Ben and Steve and their approach to private equity investing,” says DeParle. “The team at Consonance Capital Partners has a unique combination of deep clinical and healthcare business expertise, as well as many years of experience in working with management teams to build successful companies. I am excited to bring my knowledge to a team that is committed to making meaningful investments that will drive innovation and improve healthcare.”
 
From 2001 to 2009, DeParle served as a senior advisor and managing director at JPMorgan Partners. She also served as a trustee or director of several corporate and non-profit boards, including Boston Scientific, Cerner, DaVita, Health Affairs, Medco Health, and the Robert Wood Johnson Foundation. From 2002 to 2008, she was a member of the Medicare Payment Advisory Commission (MedPAC), which advises Congress on Medicare policy matters.
 
Earlier in her career, DeParle was commissioner of the Tennessee Department of Human Services, administering a 6,000 employee cabinet agency. She has also worked as a lawyer in Nashville, Tennessee, and Washington, D.C.

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