Healthcare-focused mid-market private equity firm Ampersand Capital Partners has added Cecil Kost as an operating partner.
Kost will seek to identify and evaluate new platform opportunities as well as assist on the existing portfolio, the firm said.
Most recently he served as president and CEO of Precision Dynamics, a manufacturer of patient identification technology. Prior experience includes serving as CEO of MedManage Systems and president of Oncor.
Boston-based Ampersand has raised seven funds over the last 20 years, producing a 24 per cent pooled internal rate of return to LPs, net of all fees and carried interest.
Earlier this year the firm made three senior appointments to boost its management team, adding Eric Lev as its new partner and John Perkins as an operating partner, with Dana Niles named as chief financial officer and chief compliance officer.
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