Healthcare M&A: Only Fools Rush In

Richard Mattera was named chief development officer of UnitedHealth Group in 2020. He leads corporate development efforts enterprise-wide, both legal and financial oversight, as well as strategic integration plan development, performance accountability and measurement responsibilities, fostering continued expansion of established and emerging businesses directly aligned with the social mission and growth strategy of the company. Previously, Mattera was the chief legal officer at Optum and has led the M&A legal function across UnitedHealth Group for over a decade. Prior to joining UnitedHealth Group in 2011, Mattera was a partner at the international law firm of Hogan Lovells, where he was represented publicly and privately held companies in a variety of matters, including in the areas of mergers and acquisitions, joint ventures, securities, corporate finance and corporate governance.

Ian Wijaya is a Managing Director in Lazard’s Healthcare Group in New York and leads Lazard’s North America Healthcare Services practice. Ian joined Lazard in 2011 and co-founded the Firm’s healthcare services practice, with a focus on M&A, strategic advisory and recapitalization advisory for managed care insurance payers, providers across the continuum of care (e.g., acute care hospitals, ambulatory surgery centers, post-acute care, etc.), PBMs, distributors, payor and provider services companies, HCIT and digital health companies. Ian is a member of Lazard’s Opinion Committee and the World Economic Forum’s Global Future Council on Healthcare, as well as a Corporate Leader on the Council on Foreign Relations. Ian has advised on more than $250 billion of corporate finance transactions, including mergers and acquisitions, leveraged buyouts, financial restructurings and reorganizations, joint ventures, and other matters and has advised on several of the largest and most transformative M&A transactions in healthcare, including three of the largest in recent history. Prior to joining Lazard, Ian was an investment banker at Greenhill & Co., in New York, where he focused on healthcare M&A, but also provided M&A advice to companies in the technology and retail sectors. Prior to Greenhill & Co., he worked in the Investment Banking Division of Goldman, Sachs & Co. and the financial restructuring group of Houlihan Lokey, in New York. Ian has an M.B.A. in Finance and Strategy from Northwestern University’s Kellogg School of Management, and a B.A. (cum laude) from Dartmouth College.

Marshall E. Jackson, Jr. focuses his practice on transactional and regulatory counseling for clients in the healthcare industry, as well as advises clients on the legal, regulatory and compliance aspects of digital health. He advises healthcare providers, private equity firms and their portfolio companies, and technology companies involved in digital health on a variety of legal, regulatory and compliance matters, including telehealth, telemedicine, mobile health and consumer wellness. Such engagements include assisting clients in developing and implementing telehealth programs by advising on issues related to professional licensure, scope of practice, informed consent, prescribing and reimbursements. Marshall assists clients in all aspects of healthcare transactions, including M&A, joint ventures and strategic affiliations.

Chitra Nawbatt is an investor and strategic advisor to several venture capital and private equity backed portfolio companies in the areas of consumer, enterprise, fintech, healthcare, media. Chitra’s unique multi-industry and multidisciplinary expertise powers her work as an investor and business builder, with a track record as a value creation and growth leader. She also is the co-creator/producer and host of The HLTH Daily Show where she interviews C-level leaders, entrepreneurs and investors on business building, innovation and growth.Chitra was the Global Head of Health Assurance and Innovation at General Catalyst, a leading global venture capital firm. She led the expansion and execution of General Catalyst’s Health Assurance thesis to transform the healthcare industry to make quality care more affordable and accessible. This involved developing new investment theses, and originating and executing investments. Chitra created and led an inaugural value creation and ecosystem business development function. She originated, commercialized and managed strategic innovation partnerships for General Catalyst and its 75+ portfolio companies to accelerate value creation. Chitra spearheaded collaboration and network effect between stakeholders, such as C-Suite customers and portfolio companies, to deliver growth through multi-portfolio company integrated solutions in areas such as patient/consumer intelligence, data and AI, risk & fintech and workforce transformation.Previously, Chitra was the Global Head of Market Solutions at Genpact, an artificial intelligence, digital transformation, analytics and design thinking consulting firm. She was responsible for driving Fortune 500 new customer acquisition, partnerships, innovation and operational improvement in industries such as technology, financial services, media, healthcare and consumer/retail. Chitra created various digital transformation services in credit and financial crimes risk management, which enabled automation and insight capture from workflows and transaction processes.Before her career as a growth strategist, Chitra was the New York based Anchor for Reuters International TV where her live broadcasts were seen by millions of households across the world. Her reporting focused on companies, markets and consumers globally. She conducted exclusive domain driven and in-depth interviews with global leaders such as the Citigroup CEO, Governor of the Bank of England and World Boxing Council Heavyweight Champion.Prior to media, Chitra spent more than a decade in financial services. Chitra was a C-level leader at Deutsche Bank where she delivered impact by inventing working capital analytics and efficiency software, which enabled CFOs and Treasurers of Fortune 1000 clients to optimize their cash conversion cycle. She also built and managed enterprise-wide risk data, analytics and measurement tools to fulfill regulatory requirements, such as SOX and Basel, at Deutsche Bank and CIBC. At CIBC she established risk management functions, including working with regulators, to adopt and operationalize Basel regulations. Her career started at EY in Advisory and Assurance.Chitra has her Certified Public Accountant designation, and is a graduate of Harvard Business School, Harvard University and Rotman School of Management, University of Toronto.Chitra has been involved in various leadership and philanthropic activities such as serving as an Adjunct Professor at Rutgers Business School, a Board and Faculty member of the PACE University COAP Program, Lincoln Center Women’s Leadership Council, Women’s Forum of NY, The Executive Leadership Council, and a team leader of researchers for a Social Competitiveness Index for the World Economic Forum.Her passions include mentoring students and global entrepreneurs, music having studied and played several instruments, speaking French and floral artistry.

Jen Magaziner is the Vice President of Digital Health at Boston Children’s Hospital. In this role, she works with leaders across the enterprise to drive digital health strategy and transformation and oversees the hospital’s digital health program. Previously Jen worked across the healthcare sector as a consultant within PwC’s Healthcare Advisory. While at PwC, Jen focused on healthcare service M&A, including novel payer/provider partnerships and care delivery transformation. Jen began her career at the Clinton Health Access Initiative, where she worked across six countries on programs to prevent mother-to-child transmission of HIV. This work sparked a passion for challenging traditional care models and expanding access to health services. In the years since, Jen has also spent time at New York Presbyterian Hospital and Public Health Solutions.Jen holds an MBA and an MPH in Reproductive & Family Health, both from Columbia University and a dual BA in International Relations and French from Brown University.