Leawood, Kan.-based NueHealth Holdings named three healthcare executives to senior executive positions.
The company appointed John Palumbo executive chairman, Carl King CEO and Scott C. Palecki as general counsel. All three new executives are proven leaders in the healthcare field. The privately held healthcare company partners with 10,000-plus physicians and 25 health systems to deliver around $828 million in consolidated revenue per year in 28 states.
Mr. Palumbo's 30-year career has included launching successful small to mid-size companies and leadership within Fortune 50 companies. He is a senior fellow at Jefferson University School of Population health Management as well as a senior advisor of Bryant Park Capital, an investment banking firm, and senior advisor to Nueterra Capital.
Mr. King spent 22 years in senior executive roles with Aetna, including president of national accounts where he was responsible for a $9 billion business unit that served the company's largest customers. He also held responsibility for network strategy, high-performance networks and value-based contracting as well as fraud prevention as head of the national networks and contracting services for Aetna.
Mr. Palecki has 20-plus years of experience in private practice, participating in hundreds of healthcare and corporate transactions, including the development and syndication of 100-plus hospitals and ASCs. He was a longstanding partner in the firm of Foulston Siefkin before joining NueHealth.
"The addition of these three individuals combined with our current leadership gives us an executive team unrivaled in the industry," said Nueterra Capital Chairman Daniel R. Tasset. "With the likes of Berkshire Hathaway, Amazon and JP Morgan entering the healthcare space, it is important that we have world-class management that can exceed their expectations of transforming healthcare. We are excited about the addition of these three proven executives and our ability to deliver on the promise of healthcare consumerism and value-based payment reform."