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US firm New Enterprise Associates names Richard Whitney venture partner

25/01/2007Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityUS venture capital firm New Enterprise Associates has added Richard K Whitney to its healthcare and life sciences group as a venture partner. Whitney will work from NEA's Menlo Park office.

Whitney is the founder and managing member of Whitney Capital, a private equity investment firm focused primarily on healthcare services and products. Previously, he served as executive chairman of Specialty Labs, where he led the turnaround and successful sale of the company.

Earlier on in his career, he served as CFO of DaVita, where he was a lead executive in the company's four-year financial and operating turnaround which created over $3bn of equity value for investors.

NEA focuses on investments at all stages of a company's development, from seed stage through IPO.

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