Michael P. Gaffney, a Co-Founder and Managing Director of EDG, brings over 10 years of private equity investing experience to the firm. Prior to the founding of EDG, Mr. Gaffney was a Partner at Allied Capital (NYSE: ALD), where he led the firm's healthcare investment strategy. Before joining Allied, Mr. Gaffney was a consultant at McKinsey & Co., Inc., and served as a United States Navy Submarine Officer. Mr. Gaffney's depth of investing experience across healthcare, his operating experience in transition and turnaround situations, and his McKinsey background allow him to identify attractive investment segments and support strong entrepreneurs and executive leaders in building industry-leading companies.
At Allied Capital, Mr. Gaffney focused on mezzanine and equity growth capital, buyout, and recapitalization investments in healthcare services, insurance services, and other health related companies. He participated as a member of numerous portfolio company boards and was responsible for the sourcing, analysis, structuring, financing, oversight, and disposition of the majority of Allied’s healthcare investments. While at Allied, Mr. Gaffney worked with fellow EDG Co-Founders and Managing Directors, Steve Eaton and Alan Dahl, to purchase Housecall and to support the management team in turning around the company and building an industry leader.
Mr. Gaffney previously served as Chairman and CEO of CareSite, a Director of Housecall and Sleepworks, Inc., a Director and the Interim CEO of HealthAspex, Inc., and a Director and Interim President of Physicians' Specialty Corp. He is currently the Chairman of Peak Plan Services, Inc, and sits on the boards of PWNHealth, and Peak Payer Solutions, Inc.
Mr. Gaffney received a Bachelor of Arts and a Master of Arts from Oxford University, where he was a Rhodes Scholar, and a Bachelor of Science from the United States Naval Academy, where he currently serves on the A&S Board of Trustees.