Redefining Partnerships.

Founded in 2016 by Senator Bill Frist, M.D. and his longtime friend and business partner, Bryan Cressey, Frist Cressey Ventures is driven by steadfast values such as reliability, integrity, and compassion and by an insatiable drive to streamline innovation and improve patient outcomes.

Our Team

Senator Bill Frist, M.D. Senator Bill Frist, M.D.

Senator Bill Frist, M.D.

CO-FOUNDER & PARTNER

Senator Bill Frist, M.D.

CO-FOUNDER & PARTNER

Senator Bill Frist is a leading authority on healthcare and former U.S. Senate Majority Leader. As Co-founder and Partner at FCV, he resides on the fund’s Investment Committee and is responsible for acquisition, divestitures and providing unique value to the fund’s partnerships.

Senator Frist served two terms as a United States Senator representing Tennessee, serving as Majority Leader from 2003 until his retirement in 2007. His leadership was instrumental in the passage of the 2003 Medicare Modernization Act and the historic PEPFAR legislation that provided life-saving treatment globally to over 20 million people. Prior to the Senate, he founded the Vanderbilt Multi-Organ Transplant Center and has performed more than 150 heart and lung transplant procedures. His current board service includes Select Medical (NYSE: SEM), AECOM (NYSE: ACM), Teladoc (NYSE: TDOC), Aegis Sciences, Accolade, Devoted Health, OneOncology, Kaiser Family Foundation, Robert Wood Johnson Foundation, The Nature Conservancy, the Harvard Medical School Board of Fellows and the Smithsonian National Museum of the American Indian.

Senator Frist received his M.D. from Harvard Medical School and holds a B.A. from Princeton University.

WHY HEALTHCARE:

Dad always said, “It’s not the bricks and mortar and equipment that make a hospital. It’s the warmth, compassion and attitude of good employees that lead to quality care.” At FCV we’re investing in people with a deep-seated passion to make better health and wellbeing a reality for all.

Bryan Cressey Bryan Cressey

Bryan Cressey

CO-FOUNDER & SENIOR ADVISOR

Bryan Cressey

CO-FOUNDER & SENIOR ADVISOR

Bryan Cressey is a pioneer in the field of private equity investing and co-founder of three of the largest private equity firms in the US. He has managed billions of dollars of private capital, spent his career investing in healthcare, is a co-founder of FCV and serves as a Senior Advisor to the firm.

He is an acknowledged expert in healthcare, where he has invested over 30 years, and his firms are well known for their consistently strong investment returns. He has been featured in Time Magazine and Fortune Magazine and is asked to speak nationwide on healthcare and private equity investing. He served as Chairman of an NYSE company, Belden, and is a Director of several others, and has been elected to Chicago’s Entrepreneurial Hall of Fame and Chicago’s Business Hall of Fame. Bryan recently created an addiction treatment center called Above and Beyond, on Chicago’s Westside, providing life transformation opportunities, free to the homeless and poor.

He holds a J.D. from Harvard Law School, an M.B.A. from Harvard Business School and a B.A. in Economics from the University of Washington, Phi Beta Kappa.

WHY HEALTHCARE:

We focus on healthcare to forever change our world. I was energized that by investing in healthcare, I could inspire individuals to create teams to drive innovative solutions, improved medical treatments and new enterprises to create the world’s best healthcare for patients and their families. Money is energy – an investment fund is a mountain of energy – what better place to energize than healthcare innovation!

Chris Booker Chris Booker

Chris Booker

PARTNER

Chris Booker

PARTNER

Chris joined Frist Cressey Ventures as a partner in 2016. He now leads the firm’s investment team and is responsible for acquisition, divestitures and providing unique value to the fund’s partnerships.

Chris has been an investor and/or served on the board of leading enterprises such as ProviderTrust, NContracts, Criterion Holdings Corporation, Woodland Street Partners, Stratasan and Paragon Group. Prior to joining FCV, he worked at XMi Holdings, first as a partner and then as president of XMi Capital, where he participated in over 50 transactions. While at XMi Holdings, he was CFO and served as a director to healthcare services firm Criterion Holdings Corporation, which grew from 3 to nearly 600 employees before being acquired in 2016.

In addition to his responsibilities at FCV, he is an active board member of nonprofit organizations in the Nashville area, including Monogram Health and ObjectiveHealth. Chris is a graduate of Vanderbilt University with a B.S. in Engineering and Economics.

WHY HEALTHCARE:

Improving healthcare is one of the only ways I know to positively affect as many people as possible.

Navid Farzad Navid Farzad

Navid Farzad

PARTNER

Navid Farzad

PARTNER

Navid is a partner with Frist Cressey Ventures. Prior to FCV, he worked with Morgan Noble, an investment firm that focuses exclusively on companies determined to change the future of healthcare. Before Morgan Noble, he was with Enhanced Equity Funds, a healthcare-focused private equity firm based in New York, and has also previously held positions with Lehman Brothers’ healthcare investment banking division, Ernst & Young’s Transaction Advisory group and Arthur Andersen’s healthcare practice.

Navid has also served as the Chief Strategy Officer of Continuum Health, a physician enablement company providing practice management and population health services to medical groups. He has been an investor and/or served on the board of directors of Mindoula Health, Continuum Health, Captify Health, Privia Health and Trusted Health Plans.

He holds an MBA from the NYU Stern School of Business and a Bachelor of Arts from Loyola University.

WHY HEALTHCARE:

Being involved in an organization that is working to improve a field that impacts so many is truly fulfilling. It makes the day-to-day less of a grind and more of a mission.

Caroline Young Caroline Young

Caroline Young

VICE PRESIDENT OF PARTNERSHIP DEVELOPMENT

Caroline Young

VICE PRESIDENT OF PARTNERSHIP DEVELOPMENT

Caroline Young joined as Vice President of Partnership Development with Frist Cressey Ventures in 2021. Ms. Young focuses on accelerating value for FCV’s partnerships and enhancing relationships with our industry-wide stakeholders.

Prior to FCV, Ms. Young partnered with Former U.S. Senate Majority Leader Bill Frist to launch NashvilleHealth, a first-of-a-kind initiative to drive community-level health improvement. Prior to that role, Caroline led one of the nation’s premier health care industry associations, the Nashville Health Care Council, where she cultivated a national network of executives in support of industry leadership and innovation.

Ms. Young currently serves on the board of Cumberland Pharmaceuticals (NASDAQ: CPIX). She is also a member of the Advisory Board of the Washington, DC-based Women Business Leaders of the U.S. Healthcare Industry.

Ms. Young holds an MS from the University of Tennessee and a BA from the University of Mississippi.

WHY HEALTHCARE:

Each and every person engages with the healthcare system continually throughout their lifetime. We have a remarkable opportunity to help make those experiences better and improve lives.

Riley Macdonald Riley Macdonald

Riley Macdonald

SENIOR ASSOCIATE

Riley Macdonald

SENIOR ASSOCIATE

Riley Macdonald joined Frist Cressey Ventures in 2018 and is involved with investment origination and execution as well as post-close value creation for the Firm’s partnerships. Prior to FCV, Mr. Macdonald worked in Strategic Finance at Intermedix, where he supported board-level strategic initiatives including the $460 million sale of the company by Thomas H. Lee Partners to R1 RCM. Mr. Macdonald started his career as an Investment Banking Analyst in the Healthcare Group at KeyBanc Capital Markets in New York.

Mr. Macdonald graduated from Vanderbilt University with a B.A. in Economics with a minor in Corporate Strategy.

CONTACT RILEY MACDONALD

WHY HEALTHCARE:

I’ve observed our healthcare system’s good (saving my sister’s life) and bad (overburdening my Nurse Practitioner wife). I want to help shape a future with more good and less bad.

Matt Schappell Matt Schappell

Matt Schappell

SENIOR ASSOCIATE

Matt Schappell

SENIOR ASSOCIATE

Matt Schappell joined Frist Cressey Ventures in 2019 and is involved with investment origination and execution as well as post-close value creation for the Firm’s partnerships. Prior to FCV, Mr. Schappell worked as an Investment Banking Senior Analyst in the Healthcare Group at Ziegler in Chicago. Before Ziegler, he held a Business Development position at a subsidiary hospital of Universal Health Services (UHS).

Mr. Schappell graduated from Wheaton College (IL) with a B.A. in Business and Economics with a concentration in Applied Health Sciences.

CONTACT Matt Schappell

WHY HEALTHCARE:

What inspires me is the ability to drive lasting, beneficial change within an industry that impacts everyone.

Katie Hock Katie Hock

Katie Hock

DIRECTOR OF COMMUNICATIONS

Katie Hock

DIRECTOR OF COMMUNICATIONS

Katie Hock joined Frist Cressey Ventures in 2019. Prior to FCV, Katie led and supported Marketing & Communications initiatives at various organizations as the Marketing Project Manager, Senior Marketing Manager and Director of Communications and Member Services. She also supported the executives and sales team at CoreTrust Purchasing Group in managing and growing their Private Equity line of business.

Katie holds an MBA and a B.S. in Business with a minor in Marketing from Cumberland University.

CONTACT Katie Hock

WHY HEALTHCARE:

I survived a near-fatal car accident in 2006. Doctors, Nurses and advanced healthcare saved my life! Helping others get their “second chance” inspires me each day.

Senator Bill Frist, M.D. Senator Bill Frist, M.D.

Senator Bill Frist, M.D.

CO-FOUNDER & PARTNER

READ BIO

Senator Bill Frist is a leading authority on healthcare and former U.S. Senate Majority Leader. As Co-founder and Partner at FCV, he resides on the fund’s Investment Committee and is responsible for acquisition, divestitures and providing unique value to the fund’s partnerships.

Senator Frist served two terms as a United States Senator representing Tennessee, serving as Majority Leader from 2003 until his retirement in 2007. His leadership was instrumental in the passage of the 2003 Medicare Modernization Act and the historic PEPFAR legislation that provided life-saving treatment globally to over 20 million people. Prior to the Senate, he founded the Vanderbilt Multi-Organ Transplant Center and has performed more than 150 heart and lung transplant procedures. His current board service includes Select Medical (NYSE: SEM), AECOM (NYSE: ACM), Teladoc (NYSE: TDOC), Aegis Sciences, Accolade, Devoted Health, OneOncology, Kaiser Family Foundation, Robert Wood Johnson Foundation, The Nature Conservancy, the Harvard Medical School Board of Fellows and the Smithsonian National Museum of the American Indian.

Senator Frist received his M.D. from Harvard Medical School and holds a B.A. from Princeton University.

WHY HEALTHCARE:

Dad always said, “It’s not the bricks and mortar and equipment that make a hospital. It’s the warmth, compassion and attitude of good employees that lead to quality care.” At FCV we’re investing in people with a deep-seated passion to make better health and wellbeing a reality for all.

Bryan Cressey Bryan Cressey

Bryan Cressey

CO-FOUNDER & SENIOR ADVISOR

READ BIO

Bryan Cressey is a pioneer in the field of private equity investing and co-founder of three of the largest private equity firms in the US. He has managed billions of dollars of private capital, spent his career investing in healthcare, is a co-founder of FCV and serves as a Senior Advisor to the firm.

He is an acknowledged expert in healthcare, where he has invested over 30 years, and his firms are well known for their consistently strong investment returns. He has been featured in Time Magazine and Fortune Magazine and is asked to speak nationwide on healthcare and private equity investing. He served as Chairman of an NYSE company, Belden, and is a Director of several others, and has been elected to Chicago’s Entrepreneurial Hall of Fame and Chicago’s Business Hall of Fame. Bryan recently created an addiction treatment center called Above and Beyond, on Chicago’s Westside, providing life transformation opportunities, free to the homeless and poor.

He holds a J.D. from Harvard Law School, an M.B.A. from Harvard Business School and a B.A. in Economics from the University of Washington, Phi Beta Kappa.

WHY HEALTHCARE:

We focus on healthcare to forever change our world. I was energized that by investing in healthcare, I could inspire individuals to create teams to drive innovative solutions, improved medical treatments and new enterprises to create the world’s best healthcare for patients and their families. Money is energy – an investment fund is a mountain of energy – what better place to energize than healthcare innovation!

Chris Booker Chris Booker

Chris Booker

PARTNER

READ BIO

Chris joined Frist Cressey Ventures as a partner in 2016. He now leads the firm’s investment team and is responsible for acquisition, divestitures and providing unique value to the fund’s partnerships.

Chris has been an investor and/or served on the board of leading enterprises such as ProviderTrust, NContracts, Criterion Holdings Corporation, Woodland Street Partners, Stratasan and Paragon Group. Prior to joining FCV, he worked at XMi Holdings, first as a partner and then as president of XMi Capital, where he participated in over 50 transactions. While at XMi Holdings, he was CFO and served as a director to healthcare services firm Criterion Holdings Corporation, which grew from 3 to nearly 600 employees before being acquired in 2016.

In addition to his responsibilities at FCV, he is an active board member of nonprofit organizations in the Nashville area, including Monogram Health and ObjectiveHealth. Chris is a graduate of Vanderbilt University with a B.S. in Engineering and Economics.

WHY HEALTHCARE:

Improving healthcare is one of the only ways I know to positively affect as many people as possible.

Navid Farzad Navid Farzad

Navid Farzad

PARTNER

READ BIO

Navid is a partner with Frist Cressey Ventures. Prior to FCV, he worked with Morgan Noble, an investment firm that focuses exclusively on companies determined to change the future of healthcare. Before Morgan Noble, he was with Enhanced Equity Funds, a healthcare-focused private equity firm based in New York, and has also previously held positions with Lehman Brothers’ healthcare investment banking division, Ernst & Young’s Transaction Advisory group and Arthur Andersen’s healthcare practice.

Navid has also served as the Chief Strategy Officer of Continuum Health, a physician enablement company providing practice management and population health services to medical groups. He has been an investor and/or served on the board of directors of Mindoula Health, Continuum Health, Captify Health, Privia Health and Trusted Health Plans.

He holds an MBA from the NYU Stern School of Business and a Bachelor of Arts from Loyola University.

WHY HEALTHCARE:

Being involved in an organization that is working to improve a field that impacts so many is truly fulfilling. It makes the day-to-day less of a grind and more of a mission.

Caroline Young Caroline Young

Caroline Young

VICE PRESIDENT OF PARTNERSHIP DEVELOPMENT

READ BIO

Caroline Young joined as Vice President of Partnership Development with Frist Cressey Ventures in 2021. Ms. Young focuses on accelerating value for FCV’s partnerships and enhancing relationships with our industry-wide stakeholders.

Prior to FCV, Ms. Young partnered with Former U.S. Senate Majority Leader Bill Frist to launch NashvilleHealth, a first-of-a-kind initiative to drive community-level health improvement. Prior to that role, Caroline led one of the nation’s premier health care industry associations, the Nashville Health Care Council, where she cultivated a national network of executives in support of industry leadership and innovation.

Ms. Young currently serves on the board of Cumberland Pharmaceuticals (NASDAQ: CPIX). She is also a member of the Advisory Board of the Washington, DC-based Women Business Leaders of the U.S. Healthcare Industry.

Ms. Young holds an MS from the University of Tennessee and a BA from the University of Mississippi.

WHY HEALTHCARE:

Each and every person engages with the healthcare system continually throughout their lifetime. We have a remarkable opportunity to help make those experiences better and improve lives.

Riley Macdonald Riley Macdonald

Riley Macdonald

SENIOR ASSOCIATE

READ BIO

Riley Macdonald joined Frist Cressey Ventures in 2018 and is involved with investment origination and execution as well as post-close value creation for the Firm’s partnerships. Prior to FCV, Mr. Macdonald worked in Strategic Finance at Intermedix, where he supported board-level strategic initiatives including the $460 million sale of the company by Thomas H. Lee Partners to R1 RCM. Mr. Macdonald started his career as an Investment Banking Analyst in the Healthcare Group at KeyBanc Capital Markets in New York.

Mr. Macdonald graduated from Vanderbilt University with a B.A. in Economics with a minor in Corporate Strategy.

CONTACT RILEY MACDONALD

WHY HEALTHCARE:

I’ve observed our healthcare system’s good (saving my sister’s life) and bad (overburdening my Nurse Practitioner wife). I want to help shape a future with more good and less bad.

Matt Schappell Matt Schappell

Matt Schappell

SENIOR ASSOCIATE

READ BIO

Matt Schappell joined Frist Cressey Ventures in 2019 and is involved with investment origination and execution as well as post-close value creation for the Firm’s partnerships. Prior to FCV, Mr. Schappell worked as an Investment Banking Senior Analyst in the Healthcare Group at Ziegler in Chicago. Before Ziegler, he held a Business Development position at a subsidiary hospital of Universal Health Services (UHS).

Mr. Schappell graduated from Wheaton College (IL) with a B.A. in Business and Economics with a concentration in Applied Health Sciences.

CONTACT Matt Schappell

WHY HEALTHCARE:

What inspires me is the ability to drive lasting, beneficial change within an industry that impacts everyone.

Katie Hock Katie Hock

Katie Hock

DIRECTOR OF COMMUNICATIONS

READ BIO

Katie Hock joined Frist Cressey Ventures in 2019. Prior to FCV, Katie led and supported Marketing & Communications initiatives at various organizations as the Marketing Project Manager, Senior Marketing Manager and Director of Communications and Member Services. She also supported the executives and sales team at CoreTrust Purchasing Group in managing and growing their Private Equity line of business.

Katie holds an MBA and a B.S. in Business with a minor in Marketing from Cumberland University.

CONTACT Katie Hock

WHY HEALTHCARE:

I survived a near-fatal car accident in 2006. Doctors, Nurses and advanced healthcare saved my life! Helping others get their “second chance” inspires me each day.

Our Mission

Frist Cressey Ventures is focused on accelerating the growth of the high-potential companies changing the face of healthcare as we know it. We partner with like-minded individuals who share our core values and invest in innovative solutions that improve quality of care, system integration, patient outcomes and population health and well-being.

Our Story

On a business trip in 2015, Senator Bill Frist, MD and longtime friend and business partner Bryan Cressey found themselves at the end of a long and assiduous journey, one that had a simple yet lofty goal: enabling healthcare innovation in a way that positively impacts patient outcomes.

At Woodshed Smokehouse in Fort Worth, TX, they concluded the biggest drivers for creating lasting and life-altering change are the innovative enterprises rethinking how the world works. Even though both have been at the epicenter of healthcare’s greatest policy initiatives, corporations and academic institutions, they routinely found inspiration and exciting disruption in the cutting-edge, high-growth businesses that came across their desks. It became clear that investing in these nimble, imaginative ventures created the best opportunity for achieving their goal. As a result, Frist Cressey Ventures came into being and to this day continues to drive passion, expertise and unique value to the tenacious enterprises improving healthcare now and in the future.