Carolina Partners in Mental HealthCare Hires Former FastMed CFO Rob Oliveri, Continues Aggressive Expansion Plan
DURHAM, N.C., Nov. 29, 2018 /PRNewswire/ — Carolina Partners in Mental HealthCare, (“CPMH”), North Carolina’s leading outpatient behavioral health provider, has hired Rob Oliveri as its Chief Financial Officer.
Rob brings more than 15 years of finance and operations experience in multi-site healthcare services businesses to CPMH, overseeing substantial growth strategies throughout his healthcare tenure. As CFO for Arizona-based NextCare Urgent Care, Rob managed and supported the growth from 35 clinics in one state to over 70 clinics in several states. Subsequently, Rob joined Raleigh-based FastMed Urgent Care as CFO when the business operated nine clinics in one state and supported its growth to over 100 clinics across three states, managing revenue growth of more than 600% over his six-year tenure.
Rob joins Jeff Williams, who was appointed CEO in connection with the recapitalization of CPMH by River Cities Capital Funds (“RCCF”) in September of this year, as the newest member of the senior management team. With a new financial partner and additions to the management team, CPMH intends to expand its footprint in North Carolina and beyond, establishing itself as a national leader in the behavioral healthcare industry.
“Rob brings a wealth of finance and operations experience in scaling multi-site healthcare services businesses to CPMH and we are thrilled to have him on board,” said Jeff Williams, CEO of Carolina Partners. “We have ambitious growth plans and Rob’s background will be instrumental in CPMH’s next stage of development.”
Williams further stated, “There is a large unmet need for our services in our target markets. Depression is the single biggest cause of production-loss in the American workplace and is expected to be one of the top three causes of death in America within the next twelve years. CPMH is committed to expanding access to care for patients and being the preferred employer for talented behavioral healthcare professionals who share our mission to provide high-quality care to patients, equipping them to live healthier and more productive lives, which in turn generates significant downstream cost savings to our nation’s healthcare system. The addition of Rob to our senior leadership team further equips CPMH for our next stage of growth.”
About Carolina Partners in Mental HealthCare
With more than 150,000 patient encounters in 2018, Carolina Partners in Mental HealthCare (CPMH) is the largest outpatient mental and behavioral healthcare services provider in North Carolina. CPMH’s 130+ clinicians provide the complete spectrum of psychiatric and psychological therapeutic services to patients across 37 sites and accept all commercial insurance plans. As an early-adopter of tele-health and Transcranial Magnetic Stimulation (TMS) for treatment-resistant depression and obsessive-compulsive disorder, CPMH has a track record of being an innovative care provider, in addition to being a vital research development partner for clinical trials to the pharmaceutical industry. CPMH is also a preferred referral destination for large hospitals and academic medical centers, along with numerous primary care providers throughout the geographies it serves.
About River Cities Capital Funds
River Cities is a growth equity firm focused on partnering with founders, entrepreneurs, and management teams to build industry-leading healthcare and B2B technology companies. RCCF draws upon its extensive industry experience and relationships built over 20 years, as well as its hands-on partnership approach with management to effectively drive growth and maximize value. With over $750 million of capital raised and a consistent track record of success, River Cities has established itself as a preferred partner for talented management teams across the industries in which it invests. Located in Cincinnati, OH and Raleigh, NC, the firm is actively seeking new investment opportunities for its sixth fund. For more information, visit rccf.com.