Disclosure certainty 4/5 debate potential 2/5

Kinderhook installs operating partners as CEO in 70-75% of acquisitions

Chris and Rob Michalik · Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416) · Nov 11, 2024 · at 26:19

Chris and Rob Michalik, co-founders of private equity firm Kinderhook Industries, explain their strategy for portfolio leadership and management assessment.

0:00 / 0:09exact quote · 9.5s
720p mp4 · rendered on demand · StarZero watermark
“75, 70% of the time when we buy a company, we're putting in one of our operating partners as the CEO. The other 25, 30%, we're back in the incumbent management team.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Chris and Rob Michalik

Assertion Partly 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 Michalik Nov 11, 2024 ▶ 33:17 Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
Assertion Supported
Michalik: UnitedHealth Agreed to Buy Steward Physician Group for $850M
“United Healthcare ultimately agreed to acquire those assets for eight hundred fifty million dollars, and in May, Stewart filed for bankruptcy.”
Chris and Rob Michalik Nov 11, 2024 ▶ 39:51 Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
Disclosure
Kinderhook Signed $245M Deal in August 2024 for Stewardship Assets
“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 Michalik Nov 11, 2024 ▶ 41:12 Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
Assertion Not 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 Michalik Nov 11, 2024 ▶ 42:12 Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
Assertion Supported
Michalik: Gavin Newsom vetoed private equity healthcare oversight bill in California
“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 Michalik Nov 11, 2024 ▶ 43:28 Chris 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 Michalik Nov 11, 2024 ▶ 46:32 Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 700 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.