GTCR sees healthcare co-head Katz exit


Chicago private equity firm GTCR’s co-head of its healthcare investing team, David Katz, has left the firm, PEhub has reported.

The reasons for his departure are not known. Katz was a director APS Healthcare, ATI Physical Therapy Inc, Capella Healthcare, Correctional Healthcare Companies, Curo Health Services and Universal American Corporation.

The report cites a recent lawsuit in which healthcare benefits provider Universal American Corp claims GTCR misled it about the finances and business prospects of portfolio company APS, which it bought from the firm in 2012.

Founded in 1980, GTCR focuses on the financial services & technology, healthcare and information services & technology industries.

Earlier this year the firm held a final close of $3.85bn for its seventh buyout fund after only seven month on the road, backed by LPs including the Texas County & District Retirement System (TCDR), the Maine Public Employees Retirement System (MainePERS) and the Ohio Police & Fire Pension Fund.

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