MONTEREY PARK, Calif.--(BUSINESS WIRE)--SynerMed, the leading healthcare platform for government-sponsored healthcare programs, announced today the appointment of Michael Caponetto as Chief Financial Officer.
Mr. Caponetto brings to SynerMed more than 20 years of financial, operating, and transaction experience, most recently serving as the Chief Financial Officer and Chief Operating Officer of the West Health entities and the Co-Manager of the West Health Investment Fund in La Jolla, CA. While at West Health, Mr. Caponetto led all finance, tax, and administrative efforts and the deployment of over $90 million of West Health Investment Fund capital. His business experience prior to West Health includes holding senior management positions at two Goldman Sachs-backed companies and providing investment banking services to numerous companies across the healthcare sector as well as other industries.
Mr. Caponetto currently serves on the board of Gary and Mary West Senior Services, a non-profit dedicated to operating government-sponsored all-inclusive care clinics for the elderly, and on the advisory board of GlobalOne, the leader in commercially-insured bundle payment cases in the ambulatory surgery center industry.
“Mike’s proven experience will be a great addition to the SynerMed executive leadership team,” said James Mason, Chief Executive Officer and President of SynerMed. “I am confident that his financial and operational expertise will allow him to hit the ground running as we move forward with our plans to expand as we innovate healthcare.”
“I am thrilled about joining SynerMed and eager to work with James and the executive team to help enable high quality, cost-efficient healthcare services to our nation’s vulnerable and underserved Medicaid population,” said Mr. Caponetto.
Mr. Caponetto holds a Master’s of Business Administration with concentrations in Finance and Accounting from the University of Chicago Booth School of Business and a Bachelor of Arts in Economics from the University of Redlands.
SynerMed also announces that Tim Spillane has successfully transitioned as planned from the position of Chief Financial Officer to the role of Strategic Advisor. SynerMed is grateful to Mr. Spillane for his leadership and dedication as the company’s first Chief Financial Officer and looks forward to continuing to work with him in an advisory capacity.
SynerMed is the leading healthcare organization specializing in government-sponsored programs headquartered in Monterey Park, California. SynerMed is dedicated to innovating healthcare through an integrated system of tools, purpose-built web platforms, and professional services that connect physicians, members, hospitals, and health plans. SynerMed’s mission is to transform the healthcare delivery system by rewarding high-quality and cost-effective care. For more information about SynerMed, visit www.synermed.com and www.synermedconnect.com.
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