VEIN CLINICS OF AMERICA NAMES ALTON SHADER TO PRESIDENT AND CEO POST
Alton Shader, formerly president of Hill-Rom’s global Front Line Care business, has been named president and CEO of Vein Clinics of America (VCA), a Frazier Healthcare Partners portfolio company, replacing Hans Thunem. A VCA release indicated that Thunem, who was CEO for four years, made the decision earlier in 2018 to retire from CEO work on Dec. 10.
VCA, headquartered in suburban Chicago, is a provider of treatments for chronic venous insufficiency operating through a network of 64 outpatient clinics in 14 states across the Northeast, Mid-Atlantic and Midwest.
“After a very thorough search for a new CEO, we are thrilled that Alton is joining VCA as our new leader,” said Nathan Every, Frazier general partner and member of the VCA Board of Directors.
“His extensive experience leading a broad range of dynamic healthcare businesses makes him an extraordinary fit for VCA. We are thankful to Hans for his extraordinary work over the past four years and all he has done to build VCA into the market leader it is today.”
Shader joined Hill-Rom, a global medical technology company headquartered in Chicago, in 2011 and became president of Hill-Rom’s global Front Line Care business formed after Hill-Rom’s acquisition of Welch Allyn in September of 2015.
From 2001-2011, he worked at Baxter Healthcare serving as general manager for Baxter’s renal business, general manager of Baxter Ireland and in senior marketing positions in Baxter’s operations in Zurich, Switzerland, and California.
Before Baxter, he held sales and marketing positions at several other organizations and was a consultant at Bain & Company. Shader earned his bachelor’s degree in economics and psychology from Claremont McKenna College and his MBA from Stanford University.
“I’m incredibly excited to join the VCA team,” Shader said. “VCA has a long track record of providing patients with the highest quality vein care, and I am proud to be a part of such a great organization. I look forward to working closely with our outstanding medical professionals to ensure that we continue to build on our strong legacy. More patients have entrusted VCA with their vein care than any other healthcare provider, and we will continue to lead the way with a clear focus on providing superior clinical outcomes.”
Founded in 1991, Frazier Healthcare Partners is a provider of private equity capital to healthcare companies. With more than $4.2 billion assets under management, Frazier has invested in more than 170 companies with investment type ranging from company creation and venture capital to buyouts of profitable lower-middle market companies. Frazier has offices in Seattle, Washington, and Menlo Park, California, and invests broadly across the United States, Canada and Europe. VTN
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