DW Healthcare Partners has initially committed $10 million of equity capital to Reliant with the prospect of additional equity requirements for acquisitions in the future.

The executive management team is led by Barbara Bednar who is RRC’s Chief Executive Officer and was formerly COO for Renal Treatment Centers and co-founder and COO for Physicians Dialysis, Inc. Ms. Bednar has thirty-five (35) years experience in nephrology beginning as a nurse. After receiving her masters in hospital administration, Ms. Bednar moved into key executive management positions with the above mentioned companies.

Barbara Bednar brings with her a seasoned team of dialysis executives.  These include:

• Scott Roncace is the Chief Financial Officer of Reliant and brings with him twenty (20) years of experience most recently with Call, Inc., a privately held pharmaceutical company. Previously, Mr. Roncace was senior manager of mergers and acquisitions for Deloitte and Touche.
• Nola McMullen is the Chief Operating Officer for the company. Ms. McMullan has over twenty (20) years experience in nephrology and is a nurse who has had experience in operations at both DaVita and previously at Renal Treatment Centers.
• John Sullivan with seventeen (17) years experience in nephrology is the Chief Development Officer for the company and his experience includes corporate development roles at Fresenius Medical Care. Most recently, Mr. Sullivan was Associate Professor in the Finance faculty at Boston University. Mr. Sullivan has published extensively on the economics of dialysis.
• Larry Nail, Senior Vice President of Development. Mr. Nail has over eighteen (18) years experience in healthcare both in acquisitions and development in dialysis centers and outpatient surgery centers.

 In conjunction with the financing, Reliant Renal Care closed the acquisition of a majority interest in four dialysis centers in central Michigan. As part of the transaction, McLaren Healthcare Corporation (“McLaren”) received stock in Reliant and will be represented on the Reliant board.

DWHP founder Andrew Carragher, whose past experience includes development roles at DaVita, Inc., will join the Board of Directors for the company. Also joining the board is Ron Hinds, a founding member of Renal Care Group, Inc. (“RCG”) who also served as Chief Financial Officer for RCG, and Thomas Flynn of FFC. 

“I am excited to begin Reliant Renal Care, Inc. with a very strong management team, solid private equity backing, and an outstanding partnership with McLaren Healthcare Corporation and key nephrologists in Michigan”, stated Barbara Bednar, CEO. “Our goal as a company will be to focus on partnerships where possible and to be the strongest clinical provider of dialysis in the nation. I would also envision RRC leading the way from a clinical perspective in both home and self care dialysis. Our management team lends itself to being a uniquely strong clinical and operational company”.

For more information on Reliant Renal Care, Inc., please visit: www.reliantrenalcare.com

For more information on DW Healthcare Partners please contact Andrew Carragher at 801-365-4003, andrew@dwhp.com