Revelstoke Capital Partners, a Denver, CO-based private equity firm, expanded its team with two new operating partners.
They are Steve Geringer and Greg Steil.
Mr. Geringer is the Chairman of AmSurg Corp. (Nasdaq: AMSG), an owner and operator of ambulatory surgery centers and provider of outsourced physician services. AmSurg has announced that it intends to merge with Envision Healthcare Holdings, Inc. (NYSE: EVHC), which offers medical transportation services and an array of physician services. The combined companies’ current market capitalization is approximately $8 billion.
He is also the Chairman of Addus HomeCare Corp. (Nasdaq: ADUS), a provider of home-based personal care services, and serves on the board of several private healthcare services corporations.
Mr. Geringer was previously President and CEO of PCS Health Systems, Inc., a pharmacy benefits manager which was later acquired by Eli Lilly & Co.
Mr. Steil is the Founder of ATI Physical Therapy, a large physical therapy provider with over 550 clinics across 19 states. He brings a wealth of knowledge and experience in clinic-based healthcare operations as well as a track record of add-on acquisitions and organic de novo clinic growth.
Additionally, Mr. Steil serves as a mentor to the Telluride Venture Accelerator program.
Mr. Geringer and Mr. Steil will also join the board of directors of Fast Pace Urgent Care, Revelstoke’s newest portfolio company, a provider of urgent care and primary care services in Tennessee.
Led by Simon Bachleda, Managing Partner and Co-Founder, Revelstoke, has raised in excess of $700m in equity commitments across its various investing entities and has completed 23 acquisitions totaling over $1.2 billion in enterprise valu since inception in mid-2013.