Company Overview: PatientPoint
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Founded: 1987
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Employees: 657 (2024)
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Reach: 35,000+ specialty practices across the U.S.
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Model: Sponsorship-based; delivers free digital solutions to practices
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Specialization: Point-of-care marketing technology
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Reputation: Industry leader in patient and provider engagement
Transitioned from a print-based model to a fully digital platform, PatientPoint is recognized for its unique combination of health tech, media, and patient experience innovation.
Strategic Context: Healthcare Software Market in 2024
The healthcare software sector saw transformative growth and consolidation:
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Market Size: $36.3B in 2024, projected CAGR of 10.5% through 2034
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SaaS Boom: Healthcare SaaS valued at $34.84B
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Digital Spend: 80% of healthcare orgs increased IT/software budgets
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Talent Gaps: 68% of IT leaders cite insufficient expertise as top concern
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Consolidation: 180+ M&A deals in healthcare software
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Major Players: Microsoft, Oracle, athenahealth, Salesforce
The Leadership Challenge
After 37 years, Co-Founder and CEO Mike Collette announced his transition to Chairman of the Board, prompting a pivotal leadership succession.
Key Challenges:
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Sustaining Momentum: Post-launch of key product PatientPoint Focus
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Adapting to Industry Change: AI, retail health, and patient engagement convergence
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Cultural Preservation: Upholding legacy culture while innovating
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Strategic Growth: Ambitious expansion to reach every U.S. doctor’s office in five years
Search Objectives
PatientPoint engaged Proksch & Co for a national search. The mandate: identify a transformative, values-aligned leader with:
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Healthcare domain fluency
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Technology transformation leadership
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Operational rigor, ideally PE-backed
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Cultural fit and growth orientation
Market Conditions & Talent Landscape
The search occurred amid intense competition for healthcare technology executives: Compensation Dynamics:
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4.6% avg. increase for healthcare exec pay
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5.2% rise at system-level leadership
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Base salaries in tech-linked roles climbed >5%
Talent Market Challenges:
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Short supply of dual-expertise leaders (clinical + digital)
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75% of execs report burnout
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Cultural alignment increasingly prioritized in hiring
Executive Search Process
1. Search Strategy Development
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Tapped into 230,000+ executive healthcare network
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Emphasis on growth-stage, tech-driven leadership
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Goal: Placement within 28–60 days
2. Candidate Assessment
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Evaluated across four dimensions:
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Industry & payer understanding
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Digital and SaaS transformation leadership
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Cultural compatibility
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Experience in PE-backed scaling
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3. Sourcing & Market Mapping
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Focused on:
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Retail health and innovation leaders
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Prior healthcare software scale-ups
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Executives with strong payer-provider ecosystem networks
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The Selection: Sean Slovenski
Appointed President (March 2024), with CEO succession planned for October 2024
Background Highlights:
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Past Roles: President, Walmart Health; CEO, Intel-GE JV; Innovation lead at Humana
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Accolades:
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#7 Most Influential in Healthcare (Modern Healthcare, 2019)
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US Chamber’s Innovator of the Year (2015)
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Experience: 30+ years in healthcare + PE-backed scaling
Strategic Fit:
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Expert in retail health and non-traditional care models
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Proven technology integration and digital transformation leader
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Deep ties across healthcare ecosystem
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Strong cultural alignment with PatientPoint’s mission
Transition Plan: March–October 2024
1. Structured 6-Month Overlap
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Knowledge transfer with outgoing CEO
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Stakeholder relationship-building
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Strategic planning alignment for 2025+
2. Clear, Proactive Communication
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Early stakeholder messaging across:
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Employees
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Investors (L Catterton)
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Partners & clients
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3. Handover Framework
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Mike Collette as Chairman
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Long-term advisor role for continuity
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Seamless transition preserving institutional memory
Early Results & Strategic Moves
Leadership Actions:
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Innovation Network Launch with Verizon at HLTH Conference
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Appointed Chief Experience & Innovation Officer: Shawn Nason
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Clarified vision around people-first tech transformation
- August 25, 2025 – Advent International, a leading global private equity investor, today announced that it has signed a definitive agreement to acquire PatientPoint, Inc., the nation’s largest digital point-of-care network, strategically delivering behavior-changing content and measurable outcomes for patients, providers, and health brands, from an investor group led by L Catterton and Littlejohn & Co., LLC.
Strategic Initiatives:
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40–50% growth in sales team
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Goal: National physician office coverage in 5 years
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Investments in AI, genAI, and personalized engagement
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Ecosystem of healthcare innovation partners