Mr. Shulman serves as managing partner of Shulman Family Ventures, a private equity firm since 2008. He is the former chairman and chief executive officer of Magellan Health Services (NASDAQ:MGLN), where he spearheaded the company’s successful turnaround, restructuring out of bankruptcy, and diversification into the nation’s foremost specialty healthcare managed care company. He also led Prudential Healthcare through its major turnaround while serving as the company’s chairman, president and CEO, culminating in the company’s successful sale to Aetna. Steve was also the co-founder of Value Health, Inc. (a NYSE) managed care company specializing in behavioral health and prescription drug benefit management.
Steve currently serves as the Chairman of the Board CareCentrix (privately held post-acute managed care company) and Quartet (privately held technology company focused on the integration of behavioral and physical medicine). He also currently serves as a director of VillageMD (privately held primary care medical management company), MedImpact (largest privately held prescription drug benefits management company-PBM), Healthmarkets (privately held healthcare distribution and specialty insurance company) and Facet Technologies (privately held OEM of lancets and lancing devices for diabetics).
Steve also served as Chairman of the Board of R1 (NASDAQ) healthcare revenue cycle management company, Health Management Associates (a NYSE listed national company that owned and operated 71 hospitals), where he successfully participated in a hostile takeover and engineered its sale to CHS for $7.6 B which closed in early 2014. Mr. Shulman previously founded Internet HealthCare Group, a venture fund focused on the intersection of early stage health care and technology companies. Prior to that Steve served in senior executive positions at Cigna and Kaiser.
Mr. Shulman’s qualifications as a director include his extensive experience in the healthcare industry, including serving as chief executive of several large healthcare sector organizations and as operating partner for a healthcare private equity firm, and his roles as a director of several privately held companies.