Reid Maclellan

Chief Operating Officer at StHealth Capital Partners

New York, New York
Investment Management
   
   

StHealthCapital PartnersAcquires FCIC Advisors and Announces New Strategic Direction and Management for First Capital Investment Corporation

 

 

Derek Taller, Ph.D., Appointed Chief Executive Officer

Reid Maclellan, M.D., Appointed Chief Operating Officer

Paul Saint-Pierre Appointed as Interim Chairman of the Board and Chief Financial Officer, Treasurer and Secretary

Strategic Shift in Focus to Healthcare Capitalizing on Management Expertise

NEW YORK, March 14, 2018 (GLOBE NEWSWIRE) -- First Capital Investment Corporation (“FCIC”, “First Capital”, “Company”), a publicly-registered, non-traded business development company (BDC), announced today that First Capital Master Advisor, LLC (“FCMA”), the entity that owns FCIC Advisors LLC, the investment advisor to First Capital, is being acquired by StHealth Capital Partners LLC (“StHealth”, “StHealth Capital”).  Additionally, the Company announced a change to its management structure and investment strategy including key new appointments, departures and a strategic shift in direction focusing on investments in healthcare companies, capitalizing on the expertise of the newly-installed management team.

newly-appointed management is streamlining its strategic focus to healthcare not only to capitalize on the deep and wide market opportunity but to also better align with the new management’s extensive executive, scientific, and commercial experience in healthcare that spans biopharmaceuticals, medical technologies, diagnostics and other key verticals within the industry.To best execute this strategic shift and re-positioned focus on healthcare companies, the Board announced new key management appointments that each carry decades of sector expertise that underscore the value they bring to the BDC’s portfolio companies. The Board appointed Derek Taller, Ph.D., as Chief Executive Officer, Reid Maclellan, M.D., as Chief Operating Officer .

www.wdrb.com/story/37726975/sthealth-capital-partners-acquires-fcic-advisors-and-announces-new-strategic-direction-and-management-for-first-capital-investment-corporation