Blackstone Announces Appointment of Jeff Margolis, Leading Healthcare Information Technology Executive, as Senior Advisor
January 15 2021 - 10:00AM
Business Wire
Blackstone (NYSE:BX) today announced the appointment of Jeff
Margolis, former Chairman and CEO of TriZetto and the prior CEO and
current Chairman of Welltok, Inc., as a Senior Advisor. Mr.
Margolis brings more than 35 years of knowledge and experience
growing innovative healthcare technology and service organizations,
from early-stage through category-leadership, to advise Blackstone
and its portfolio companies.
Ram Jagannath, a Senior Managing Director at Blackstone, said:
“We’re thrilled to have Jeff join us as a Senior Advisor as we
continue to identify and back innovators in the healthcare space.
His strategic expertise in applying advanced technologies to
address the complex challenges across the healthcare ecosystem will
help our team better invest in, and support, the evolution and
expansion of leading businesses in this industry.”
Jeff Margolis added: “I’m excited to support the Blackstone
team’s commitment to systematically apply capital and industry
thought leadership to accelerate progress at the nexus of
healthcare and technology. Blackstone’s expertise and operational
resources can play a crucial role in scaling the next generation of
healthcare technology and services companies that meaningfully
improve the health of individuals and populations across the
globe.”
Jon Korngold, Global Head of Blackstone Growth, said: “We’re
excited to welcome Jeff as a Senior Advisor. His long-standing,
multi-faceted experience in healthcare information technology
across private and government payers, providers, employers and
pharma will benefit both our investment professionals and our
portfolio companies as we help entrepreneurs navigate rapidly
changing environments.”
Mr. Margolis’ extensive experience includes a decade as a Chief
Information and Technology Officer, followed by 20 years as the CEO
and/or Chairman of publicly traded and private healthcare
technology companies. He most recently served as the Chairman and
CEO at Welltok, Inc., where, over seven years, he led the company
from a pre-revenue start-up to become a leading enterprise consumer
activation company, which engaged with consumers 193 million times
in 2020. Before joining Welltok, Inc., Mr. Margolis founded and
spent 14 years at TriZetto Corporation, the first vertical SaaS
enterprise software company, where he served as chairman and CEO.
He is the author of several books, including his
soon-to-be-released Not Just In Sickness, But Also In Health
(ForbesBooks 2021).
Additionally, Mr. Margolis currently serves as Chairman at
NextGen Healthcare (NASDAQ:NXGN), Vice Chairman at TriNetX and also
as a board member at Alignment Healthcare. In the not-for-profit
world, he serves as a board member of Hoag Hospital and is Chairman
of Hoag Clinic, and is also Chairman of the University of
California at Irvine's Center for Digital Transformation. Jeff is
an AIPCA Certified Global Management Accountant and a Leadership
Fellow with the National Association of Corporate Directors (NACD).
Jeff holds a Bachelor of Science degree with high honors in
Business Administration–Management Information Systems from the
University of Illinois at Urbana-Champaign.
About Blackstone Blackstone is one of the world’s leading
investment firms. We seek to create positive economic impact and
long-term value for our investors, the companies we invest in, and
the communities in which we work. We do this by using extraordinary
people and flexible capital to help companies solve problems. Our
asset management businesses, with $584 billion in assets under
management, include investment vehicles focused on private equity,
real estate, public debt and equity, growth equity, opportunistic,
non-investment grade credit, real assets and secondary funds, all
on a global basis. Further information is available at
www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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version on businesswire.com: https://www.businesswire.com/news/home/20210115005380/en/
Matt Anderson 212-390-2472 matthew.anderson@blackstone.com
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