EDG Partners has hired Tom Brodmerkel as an operating partner based in the firm’s Washington DC office.
Brodmerkel will support EDG’s existing portfolio companies and assist with new investment opportunities. He was most recently the executive vice president of healthcare services company Matrix Medical Network, which was sold to Welsh Carson Anderson and Stowe in 2011. Prior to Matrix, Brodmerkel was president of Medicare Programs at Coventry Health Care and chief operating officer of United Healthcare’s Medicare Programs division.
Brodmerkel is the first operating partner to join EDG, which makes growth capital investments and buyouts of companies in the healthcare industry in a number of sub-sectors, including products, distribution, business services and IT.
EDG closed its second fund on about $178 million in 2011, beating its $150m target.
Managing directors Mike Gaffney, Steve Eaton and Alan Dahl founded the firm in 2004. Gaffney was previously a partner at Allied Capital, where he led the firm’s healthcare investment strategy and focused on mezzanine investments and equity growth capital. Eaton and Dahl were partners at a number of healthcare companies prior to EDG.