Vesey Street Capital Partners Announces Gus Gardner as Chief Executive Officer of QualityMetric

By AIT News Desk On Sep 14, 2020

Martha Bayliss to become Advisor, added with Gardner to company Board of Directors

QualityMetric, an industry-leader of patient reported outcomes and clinical outcomes assessments products, scientific consulting and translation services, announced the appointment of Garth “Gus” Gardner as Chief Executive Officer. His appointment comes as the company seeks to build on its position as the preeminent provider of Patient Reported Outcomes (PRO) and Clinical Outcome Assessments (COA) solutions and services to healthcare and life sciences companies, and following its recapitalization in August by Vesey Street Capital Partners, LLC.. He will be joining the company’s recently constituted Board of Directors.

“We’re very excited about this announcement from Vesey Street Capital Partners’ newest portfolio company and we look forward to partnering with Gus and the executive team on future growth opportunities,” said Adam Feinstein, Managing Partner at VSCP.

“Gus brings deep experience in patient outcomes, research and analytics, and intimate knowledge of this business, with a record of successful leadership roles in multiple health technology companies, including QM earlier in its evolution,” said Larry Marsh, General Partner of VSCP. “We could not be more enthused about the leadership he will bring to the company as it enters this new chapter. We are equally thrilled to have Martha Bayliss also join our Board of Directors and serve as a company advisor after her successful tenure in running this business and look forward to her continued valuable contributions going forward.”

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“Over the last two decades QM has established a track record of excellence in developing clinically-based, scientifically validated products and services that enhance the patient voice in drug development and across health care,” said Mr. Gardner. “I’m honored to be partnering with VSCP and the widely-respected management team at QM as we seek to build on that success by expanding and broadening the solutions we bring to the market to help measure the outcomes of patient care.”

Mr. Gardner’s career spans three decades of diverse leadership roles, including experience as the former President of QM. He also was an executive at Optum where he led multiple global science and analytics business units and helped oversee various analytics and emerging technologies efforts and initiatives. In 2018, he joined Optum International as EVP of Operations for its Brazil businesses, which included employee assistance programs and data/analytics consulting. Earlier in his career, Mr. Gardner was the Chief Operating Officer of Clinical Data, Inc., a global manufacturer of in vitro diagnostics analyzers and reagents, leading the company to rapid growth in analyzer products, menu expansion and novel laboratory middleware. Prior to Clinical Data, Mr. Gardner was a Division President at PSICOR, a leader in perfusion services, where he led his clinical team through rapid expansion prior to the company being acquired by Baxter International. Mr. Gardner is a formerly Board Certified Cardiovascular Perfusionist, and began his leadership career as an Officer in the United States Marine Corps.

A key role of QM’s newly established Board of Directors will be to provide the company’s executive team with strategic counsel across all areas of the business, including operations and business development. Ms. Bayliss was asked by VSCP to serve on the board of QM as she transitions her professional and academic pursuits.

VSCP, a New York-based healthcare services private equity firm, completed the recapitalization of QM in August. VSCP and affiliates contributed the equity for the transaction. First Eagle Alternative Credit, LLC and Morgan Stanley Credit Partners provided debt financing to support the transaction and Kirkland & Ellis served as legal counsel to VSCP.