Founder’s Letter

Corporate and social responsibility are increasingly important topics to our investors, employees, portfolio partners, regulators, communities, and the public at large. Furthermore, we believe that our participation in the healthcare industry requires an unwavering commitment to the aims and objectives of those who seek to improve the way healthcare is delivered in America and to the improvement of society generally.

With every new investment that we make, InTandem Capital commits to adhere to the healthcare “Triple Aim” – lowering costs, improving outcomes and enhancing patient experience – for the populations that we serve. The vulnerability of the populations our companies serve and existence of government care subsidies means that participation in the healthcare industry calls for heightened responsibility. Once thought of as competing objectives, our belief is that today these aims, alongside additional objectives including healthcare equity and expansion of access to excellent healthcare, are found in many healthcare services companies with significant future growth potential.

We also believe fundamentally that success should be shared with all who contribute to it, proportional to their contribution, particularly against the backdrop of growing income and wealth inequality and the societal inequities that they create. Furthermore, we believe that by creating the mechanisms to share investment gains among all employees, we are not only doing the right thing for our portfolio company team members but also for shareholders through the creation of an environment in which employee motivation and retention will be enhanced at all levels.

The private equity industry is uniquely positioned to have an impact on these issues. There are now more PE-backed companies in the U.S. than there are public companies. Private equity, with over $5 trillion in assets under management, has the potential to address wealth concentration issues in profound ways.

InTandem believes that quest for investment gains must be accompanied by broader societal accomplishments. The political and social environment in which we operate, as well as the constituencies that we serve, challenge us to go beyond convention, and we are committed to meeting that challenge in a variety of ways, including an unqualified commitment to Private Equity for Greater Good.

 

Elliot Cooperstone
Robert Patricelli
Brad Coppens

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