THE ANGELS–(BUSINESS WIRE)–Varsity Healthcare Partners (“VHP”, “Varsity” or the “Firm”), a lower middle market healthcare private equity firm, today announced the addition of Pat A. Basu, MD, to its leadership team. Based out of VHP’s Chicago office, Dr. Basu will lead VHP’s entire operating partner program in the role of Managing Partner, Varsity Operations, as well as support VHP’s healthcare investment activities as a partner and member of the firm’s investment committee .
“Pat Basu is a world-class leader of growing healthcare services organizations as well as an experienced operator and developer of physician and executive leaders,” said David Alpern, co-founder and managing partner at Varsity Healthcare Partners. “In addition to his significant career accomplishments, Pat is an energetic, compassionate leader who cares deeply about both team and organizational excellence. We strive for excellence at VHP and to that end we are grateful and excited to add someone of Pat Basu’s caliber, experience and energy to elevate our Operating Partner Program and our culture at large.”
Dr. Basu joins Varsity from Cancer Treatment Centers of America (“CTCA”), a national network of cancer hospitals and ambulatory care centers, where he served as President and CEO and led the company to a strategic transaction in 2022 .Prior to that transaction, he also served as president and CEO of Brown Legacy Group, CTCA’s parent holding company and private equity investment platform for CTCA’s owners. Previously, Dr. Basu led the OptumCare division of UnitedHealth Group (“UHG”), the nation’s largest value-based care business, overseeing 9,000 employees and 20,000 physicians managing the delivery of integrated care through a series of commercial and government contractual agreements. Prior to his tenure at UHG’s OptumCare, Dr. Basu helped found and served as President, Chief Medical Officer for Doctor on Demand, the largest provider of patient telehealth visits in the US, enabling the delivery of care to more than 40 million patients in partnership with more than 700 employer-health plan partnerships. Previously, Dr. Basu served as Chief Operating Officer and Chief Medical Officer for Virtual Radiologic (“vRad”), the nation’s largest teleradiology platform, where he led the company’s senior executive team, clinical leadership and more than 1,000 employees and led Integration of the company after the merger and key growth initiatives.eaH
Dr. Basu was also previously appointed by the President as a White House Associate and Senior Advisor. He is a US board certified physician and practices medicine at Stanford University and in private practice. Additionally, Dr. Basu holds a BS in Mechanical Engineering from the University of Illinois, an MBA from the Chicago Booth School of Business, and an MD from the Chicago Pritzker School of Medicine.
ABOUT VARSITY HEALTHCARE PARTNERS
Varsity Healthcare Partners (VHP) is a leading lower middle market healthcare investment firm focused exclusively on multi-site healthcare provider platforms or businesses providing external services, technology or tools to healthcare providers and/or payers. VHP’s tactical investment strategy emphasizes identifying and transacting with growth-seeking, supplier- or founder-owned companies, leveraging VHP’s proprietary “buy and build” playbook to drive significant operational, managerial improvement early in life. each platform investment followed by a well-resourced aggressive and multidimensional growth plan. VHP’s unique tactical investment and strong expertise is complemented by VHP’s distinct organizational culture emphasizing strong collaborative engagement, strong professional accountability, and a commitment to excellence in work product and team performance.