John Rijos, the veteran hospitality and senior living executive who last year retired as COO of Brookdale Senior Living, has teamed up with the former CEO of Accretive Health to help launch a private-equity fund that will focus on the health care sector. Crain's reports that Chicago Pacific Founders could reach $500 million.
It's a splashy debut effort in an industry that's attracting lots of interest. That land rush may make it harder to produce king-size returns as investors bid against one another for deals. But it also signals the opportunities to be had as a graying population, the Affordable Care Act and cost-cutting pressures reshape roughly a sixth of the entire U.S. economy.
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