BIRMINGHAM, Ala., July 27, 2020 – New Capital Partners (NCP), a private equity firm in Birmingham, Alabama, today announces that it has hired John Cline as a Managing Director of the firm. Cline most recently served as the Executive Chairman of New Capital Partners’ portfolio company Hospice Partners of America, which was recently sold to Addus Homecare (NASDAQ: ADUS). Cline has been a successful operator and investor, as well as a good friend and business partner of the New Capital Partners’ managing partners for more than 25 years.
Prior to his work at Hospice Partners, Cline served as CEO of STX Healthcare, a dental services organization that sold to Guardian Life in 2018. Before STX, Cline founded Community Hospice in 2002 and led the hospice provider as CEO until its successful sale to Hospice Compassus. Cline also served as the CEO of Viva Health and was one of the original founders of the managed care organization in partnership with NCP’s Jim Little. In addition, Cline worked with both James Outland and Jim Little at Complete Health from the early 1990s up through its sale to United Healthcare.
“We couldn’t be more excited to have John join our team at New Capital Partners. We have known John very well for over 25 years now, and he is an accomplished entrepreneur and executive with excellent operating and investment expertise,” Outland said.
Cline said, “I am really excited to join the New Capital Partners team. I have known and worked with Jim Little and James Outland for many years and have admired the great success they have had at New Capital Partners. I look forward to working with the entire NCP team to partner with company founders and management teams to build great companies.”
About New Capital Partners
New Capital Partners (NCP) is a private equity firm comprised of former operators headquartered in Birmingham, Alabama. NCP makes investments in niche technology and services companies in the healthcare, financial and business services industries. Leveraging their extensive operational experience, NCP helps create significant value in portfolio companies by cultivating true partnerships with management teams and focusing on one core goal: Building Great Companies. For more information, please visit www.newcapitalpartners.com.