Physicians Endoscopy named David Young as its new president. Mr. Young brings 20 years of experience across a variety of industry sectors to the role.
"David's appointment is a clear reflection of the company's current state: ready to take on the future and fired up after a healthy year of growth," said Barry Tanner, Physicians Endoscopy CEO. "Physicians Endoscopy is now poised for a major evolution in the market, and we are excited about David's unique experience of nurturing companies of our size to into the next generation."
Here's what you need to know:
1. Mr. Young previously served as Privia Health’s COO, where he applied an organic growth strategy to the business, growing the company's revenue to over $1 billion and expanding to more than 2,000 providers.
2. In his new role, Mr. Young will drive Physicians Endoscopy’s partnership development and grow its reach and offerings.
3. Mr. Tanner will continue to serve as CEO, working on business development and expanding within the GI healthcare sector.
4. In 2016, Pamlico Capital sold Physicians Endoscopy to Kelso & Company in a recapitalization transaction with management. Over the past two years, Physicians Endoscopy has experienced significant growth through acquisition and de novo markets. The company now partners with 60 ASCs and more than 600 gastroenterologists responsible for 550,000 annual procedures.
"Barry Tanner is a magnificent leader. He may be the only CEO I know that steadfastly grew an outstanding business through six or so different private equity funds," said Scott Becker, publisher of Becker’s Healthcare. "He is bright, smart, loyal and nice. An outstanding leader."
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