Lee Equity Partners has made a strategic investment in Marwood Group as the healthcare-focused advisory firm expands through acquisitions, senior hiring and development of additional consulting capabilities. Financial terms were not disclosed.
Alongside the investment, Marwood has appointed former EY-Parthenon executive Chris Librizzi CEO.
Richard Jeanneret, a senior adviser to Lee Equity and longtime EY leader, has joined Marwood as Executive Chairman.
Marwood’s existing senior leadership team will remain with the company, including President Walt Breakell, Chief Revenue Officer Lee Alvarez and Chief Product Officer Martin Sobel.
Breakell will also continue serving on Marwood’s board.
The investment builds on Marwood’s longstanding position advising healthcare executives and investors on policy and reimbursement.
More recently, the firm has expanded deeper into compliance, strategy and performance improvement.
Lee Equity’s capital is expected to support both organic and acquisition-driven growth.
Marwood plans to deepen its work with private equity firms across the transaction lifecycle while expanding into additional customer groups including hospitals, payors and life sciences companies.
The company also expects to invest in hiring and employee development.
Librizzi joins after five years at EY-Parthenon, where he led its U.S. strategy consulting business.
Before that, he built and led EY’s firmwide corporate strategy function and served on EY’s U.S. Board and Executive Committee.
Marwood highlighted Librizzi’s experience introducing new products, entering new customer segments, recruiting senior executives and integrating acquisitions as particularly relevant to its next growth phase.
Jeanneret adds more than two decades of EY experience advising corporate boards, multinational companies and private equity firms and building businesses through organic development and M&A.
Lee Equity focuses on middle-market investments in financial and healthcare services and brings nearly two decades of sector-focused private equity experience.
KEY QUOTES:
“It is exciting to be joining Marwood, with its longstanding reputation for market leadership and unparalleled expertise, at a time when the company is clearly poised for growth.”
Chris Librizzi, CEO of Marwood Group
“Marwood’s expertise and quality of advice is differentiated in the healthcare services community.”
John Eppler, Principal at Lee Equity Partners
“We now have the fresh committed capital to drive an even greater focus on innovation in our core business, while extending the deep expertise we are known for into new growth areas.”
Lee Alvarez, Chief Revenue Officer of Marwood Group
