Ares Brings On Bobby Jindal, Completes $1.5B Healthcare Deal

Former two-term Louisiana governor Bobby Jindal has reportedly agreed to become an operating advisor for Ares Management, working primarily with the firm’s private equity arm on healthcare investments. The 46-year-old has experience in the sector, having previously worked at the US Department of Health and Human Services during the George W. Bush presidency and as head of Louisiana’s health department.

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In a separate healthcare-related development, the Los Angeles-based Ares has paid $1.45 billion to acquire a stake in DuPage Medical Group from Summit Partners, which previously invested $250 million in the Chicago-based physician group in 2015. The deal continues a recent surge of PE investments in the US clinics and outpatient services sector. Last year brought a decade-high 198 deals, per the PitchBook Platform—a 31% YoY increase—and investors are on pace to nearly equal that figure in 2017.

Michael Mauboussin: Here’s what active managers can do

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkThe debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More

Check out our previous healthcare coverage.

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