Behrman Capital Names Robert Flaherty as Operating Partner.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Behrman Capital, a private equity investment firm based in New York and San Francisco, today announced that Robert E. Flaherty has joined the firm as an Operating Partner. As an Operating Partner at Behrman Capital, Mr. Flaherty will work with existing Behrman Capital portfolio companies to build value as well as source and evaluate new acquisition platforms in the healthcare space for the firm's continued growth. "We first had the opportunity to work with Bob Flaherty in 2002, when Behrman Capital acquired Athena Diagnostics, a leading developer and marketer of sophisticated esoteric tests for neurological, endocrine and kidney disorders," said Grant G. Behrman, Managing Partner of Behrman Capital. "Under Bob's leadership Athena continually enhanced its ability to identify and commercialize new diagnostic testing Diagnostic testing Testing performed to determine if someone is affected with a particular disease. Mentioned in: Von Willebrand Disease services, emerging as one of the preeminent providers of advanced neurological assays. Bob is an extremely gifted executive and highly successful entrepreneur and we are delighted that he will join with Behrman Capital as we continue to explore investments in the healthcare sector." "I am very pleased to be once again working with Grant and his colleagues at Behrman Capital," said Mr. Flaherty. "Behrman is distinctive for its ability to focus on a highly specialized yet fragmented industry such as the clinical labs sector, establishing it as a platform for several successful portfolio investments. The firm's support marked the start of a highly productive period at Athena, and I look forward to working with Behrman to bring that kind of strong operational support to other companies." In 2006, Behrman Capital sold Athena Diagnostics, Inc. to Fisher Scientific Fisher Scientific, formally Fisher Scientific International, Inc. and colloquially Fisher was a biotechnology company that provided products and services to the global scientific research and United States clinical laboratory markets. International Inc., now part of Thermo Fisher Scientific Inc., in a $283 million transaction. Mr. Flaherty served for over 17 years as President and Chief Executive Officer of Athena Diagnostics before his retirement earlier this month. During his tenure he grew Athena's revenue from $3 million to $110 million and profits from zero to $50 million. Prior to joining Athena, he held a series of senior management positions at Becton Dickinson BD (NYSE: BDX), is a medical technology company that manufactures and sells medical devices, instrument systems and reagents. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs 27,000 people in nearly 50 countries. & Company, a large multinational medical technology company, serving as president of Becton Dickinson Medical from 1984 through 1992 and president of Becton Dickinson VACUTAINER Systems from 1982 through 1984. He joined Becton Dickinson as a marketing director in 1976. Mr. Flaherty held product management, sales and marketing positions with C.R. Bard, Inc., a provider of vascular, urology urology Medical specialty dealing with the urinary system and male reproductive organs. It traces its origin to medieval lithologists, itinerant healers who specialized in surgical removal of bladder stones. and oncology related products and services, from 1971 through 1976. A 1968 graduate of Lehigh University with a BS in Industrial Engineering, Mr. Flaherty earned an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. in 1971. Mr. Flaherty currently serves on the Board of Directors of Behrman Capital portfolio company Ark Holdings, Inc. a multi-state, nursing home operator. He is also on the Board of the Chernobyl Children's Project (USA), a charitable organization assisting children afflicted af·flict tr.v. af·flict·ed, af·flict·ing, af·flicts To inflict grievous physical or mental suffering on. [Middle English afflighten, from afflight, by the Chernobyl nuclear explosion. About Behrman Capital: Based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company's investments are primarily focused in five industries: defense, specialty manufacturing, outsourcing, health care and information technology. The firm currently has a combined capital base in excess of $2.0 billion. For more information, please visit www.behrmancap.com. |
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