Chris and Rob Michalik, co-founders of private equity firm Kinderhook Industries, describe their internal talent development model and retention track record.
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“Everybody that's a managing director today has been with the firm and started as an associate has been promoted internally. We don't bring in lateral hires. Over 21 years that we've been in business, anyone that's made vice president above has never quit the firm.”
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More from Chris and Rob Michalik
AssertionPartly supported
Michalik: Health systems, not PE, lead provider consolidation
“If you just take providers over the last three or four years, there's been a rapid consolidation of Primary care, as well as specially providers of health care services, and it's been done by private equity, but it wasn't led by private equity. People forget t…”
Chris and Rob MichalikNov 11, 2024▶ 33:17Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
AssertionSupported
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Chris and Rob MichalikNov 11, 2024▶ 39:51Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
Disclosure
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“So we signed a purchase agreement in August of 2024 to acquire the assets of stewardship publicly announced two hundred forty five million dollars.”
Chris and Rob MichalikNov 11, 2024▶ 41:12Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
AssertionNot checkable as stated
Michalik: Over 300 Massachusetts Providers Supported Kinderhook Stewardship Bid
“We've had near universal support from the over 300 employed providers in the state of Massachusetts that they want Rural Health Group slash Kinderhawk to be the acquirer of these assets.”
Chris and Rob MichalikNov 11, 2024▶ 42:12Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
AssertionSupported
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“Gavin Newsom recently vetoed legislation in the state of California to put Further oversight in the acquisition of healthcare investments in the state of California.”
Chris and Rob MichalikNov 11, 2024▶ 43:28Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
Opinion
Michalik: Very few CMS patient-provider alignment programs over 15 years succeeded
“There's multiple programs over the last 15 years that the federal government CMS has implemented to create patient provider alignment. Very few of them have succeeded.”
Chris and Rob MichalikNov 11, 2024▶ 46:32Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
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