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Wells Fargo Strategic Capital Expands Healthcare Group

October 24, 2019, 09:05 AM
Filed Under: Healthcare

Wells Fargo Strategic Capital, a division of Wells Fargo & Company, announced Dr. Rodney Altman as the newest managing director in its Healthcare Group, effective immediately. Altman, also a part-time physician at Stanford University Medical Center, is based in San Francisco and will work alongside the other members of the Healthcare Group, including John Ryan, Christine Guo, and Robert Rein.

Wells Fargo Strategic Capital provides long-term junior capital in the form of both equity or debt direct investments with the flexibility to structure solutions that best fit the needs of clients. The Healthcare Group focuses broadly across subsectors including healthcare services, digital health, medical technology, and biotech/pharma. In this new role, Altman works primarily with later venture or growth stage companies with proven business models and services or products nearing or in commercialization.

“In addition to Rod’s experience as a healthcare investor, he also gets hands-on, front-line exposure in medicine,” said Ryan. “He understands what is important to our clients and adds another well-rounded perspective on the industry to our group.”

Before joining Wells Fargo, Altman spent more than 20 years in the healthcare-focused private equity and venture capital industries with senior roles at several investment funds as well as numerous board director roles. He also held an operating role at Team Health, a healthcare practice management company.

Altman has been practicing emergency medicine for more than 25 years. Today, he continues to work part-time at Stanford University Medical Center where he is a Clinical Assistant Professor of Emergency Medicine. He received his degree in medicine from McGill University in Montreal, Canada, and his MBA from the University of Chicago.

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