Mid-market investor Thomas H Lee Partners has hired healthcare industry veteran Sam Hendler to head business development.
Hendler has more than 20 years of experience as an M&A advisor to mid-market companies, and will lead its healthcare group’s sourcing strategy as well as building and maintaining relationships with management teams and investors.
Prior to joining THL, Hendler was managing director at Harris Williams where he established and managed the firm’s global healthcare IT practice. He has also worked at Quellos Private Capital Markets and as a mergers and acquisitions analyst at Broadview International.
Joshua Nelson, managing director and head of the firm’s Healthcare group, said, “THL continues to be a very active investor in the healthcare sector, as we partner with growth companies delivering high quality healthcare services and technology in important subsectors.
“Sam’s industry knowledge and strategic acumen will help THL identify the right places for investment and partnership, and allow us to continue to sharpen our focus on Identified Sector Opportunities (ISOs).”
THL invests in five healthcare sectors namely healthcare IT, pharmaceutical services, home-based care, consumer healthcare and medtech services.
Hendler said “THL has far-reaching relationships across the healthcare industry and deep knowledge of the market. The firm’s approach to developing and focusing rigorously on identified sector opportunities has enabled it to work with companies for which it is uniquely positioned to add value. I am excited to join this outstanding team.”
THL hired Martis Capital foundign partner Shahab Vagefi as managing director in its healthcare vertical in September. Vagefi helped lead daily operations of the firm and was involved in all aspects of sourcing, evaluating, executing, and managing investment opportunities.
THL has invested about $5bn across more than 20 healthcare companies in the past two decades, including Nextech, SeniorLink, Curo Hospice, Syneos Health and Intermedix.
Last month, the firm made a majority investment in Verdane-backed product information management SaaS specialist inriver.
It closed its $900m automation-focused private equity fund in late 2020.
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