SEATTLE--(BUSINESS WIRE)--Vein Clinics of America (“VCA”), a Frazier Healthcare Partners (“Frazier”) portfolio company, today announced that its Board of Directors has appointed Alton Shader as President and Chief Executive Officer effective December 10. Hans Thunem, VCA’s current CEO, made the decision earlier this year to retire from CEO work.
VCA, headquartered in suburban Chicago, is a leading provider of treatments for chronic venous insufficiency (“CVI”) 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.” Continued Every, “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.”
Mr. Shader joins VCA from Hill-Rom, a global medical technology company headquartered in Chicago. He originally joined Hill-Rom in 2011 and served as the President of North America. In September 2015, he took over as President of Hill-Rom’s global Front Line Care business formed after Hill-Rom’s acquisition of Welch Allyn. From 2001-2011 Mr. Shader 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. Mr. 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,” said Mr. Shader. “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.”
About Frazier Healthcare Partners
Founded in 1991, Frazier Healthcare Partners is a leading 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, WA, and Menlo Park, CA, and invests broadly across the U.S., Canada and Europe. For more information about Frazier Healthcare Partners, visit www.frazierhealthcare.com.
