Adam S. Boehler – Wikipedia

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American businessman and government official

Adam Seth Boehler (born June 23, 1979) is an American businessman and government official who was unanimously confirmed by the U.S. Senate to serve as the first CEO of the U.S. International Development Finance Corporation. He is currently the CEO of Rubicon Founders, a health care investment firm based in Nashville.

He previously served in the Trump administration as Director of the Center for Medicare and Medicaid Innovation, as well as Senior Advisor for Value-based Transformation for Health and Human Services Secretary Alex Azar and Deputy Administrator of the Centers for Medicare and Medicaid Services. He joined CMS in April 2018.[2][3]

Early life and education[edit]

Boehler was born in Albany, New York on June 23, 1979. Boehler’s father is a physician. Boehler graduated magna cum laude from the Wharton School of the University of Pennsylvania in 2000.[4] He was a summer college roommate of Jared Kushner, with whom he would later work on a Trump administration team coordinating tests for COVID-19.[5] During college, Boehler worked for a summer at the Financial and Fiscal Commission, a government agency managed by the Parliament of South Africa.[6]

Early career[edit]

Boehler started his career at Battery Ventures, a technology venture capital firm that focuses on investments in software and emerging technologies.[7] Boehler was also an Operating Partner at Francisco Partners, a global private equity firm based in San Francisco focusing on healthcare. Boehler founded and was Chairman of Avalon Health Solutions, a provider of laboratory benefit management services.[8]

Previously, Boehler was the founder and CEO of Accumen, a provider of laboratory management services to health systems.[9][10] Prior to joining CMS, Boehler was founder and CEO of Landmark Health, the largest provider of home-based medical care in the country.[11]

Trump administration (2018-2021)[edit]

Center for Medicare and Medicaid Innovation[edit]

Boehler was appointed Director of the Center for Medicare and Medicaid Innovation at the United States Department of Health and Human Services (HHS) in April 2018. While at HHS, Boehler also served as Senior Advisor[2] for Value-based Transformation to Secretary Alex Azar and Administrator of the Centers for Medicare and Medicaid Services (CMS).

International Development Finance Corporation[edit]

On July 10, 2019, Donald Trump announced his intent to nominate Boehler for the position of CEO of the newly formed U.S. International Development Finance Corporation, a government agency formed through the Better Utilization of Investments Leading to Development (BUILD) Act as a consolidation of the Overseas Private Investment Corporation (OPIC) and the Development Credit Authority (DCA) of the United States Agency for International Development (USAID) into one entity.[12][13][14] The nomination was received by the Senate on July 22, 2019, and confirmed unanimously by voice vote on September 26, 2019.[15]

Boehler with Moroccan officials during American-Israeli delegation visit

Under his tenure at the IDFC, Boehler helped draft an executive order in response to COVID-19 that expanded the IDFC to domestic projects—a break from its congressional mandate, which focused on funding projects in the developing world.[16][17] The IDFC’s first domestic loan was a controversial $765 million loan to Kodak intended to transform the photography company into a pharmaceutical company. The Securities and Exchange Commission is investigating allegations of insider trading prior to the announcement of the Kodak loan.[16] An investigation by the IDFC Office of Inspector General found no evidence that IDFC staff had conflicts of interest regarding the loan, and found no “evidence of misconduct on the part of DFC officials.”[17]

Boehler was part of the delegation that traveled in December 2020 with Jared Kushner to Saudi Arabia and Qatar (to discuss regional tensions), and to Israel and Morocco (to discuss the Israel–Morocco normalization agreement),[18][19] as well as a delegation in October 2020 with Secretary of Treasury Steven Mnuchin to Israel, Bahrain, and UAE to discuss economic cooperation under the Abraham Accords.[20]

Post-government career[edit]

In 2021, Boehler started a health-care investment firm, Rubicon Founders, based in Nashville, Tennessee. The firm is focused on senior living and genomics.[21] He is also on the Board of Directors of the Atlantic Council and a member of the United States Holocaust Memorial Council.[22][23]

Personal life[edit]

Boehler currently resides in Nashville, Tennessee with his wife, Shira, and their four children.[24] Boehler formerly resided in New Orleans.[10]

References[edit]

  1. ^ Adva Saldinger (January 22, 2021). “Biden names acting heads of development agencies”. devex.com. Retrieved March 31, 2023.
  2. ^ a b “CMMI’s Adam Boehler wants to ‘blow up’ fee for service”. FierceHealthcare. November 29, 2018. Retrieved December 23, 2019.
  3. ^ GmbH, finanzen net. “Health Care Powerhouse Stops by CDPHPAdam Boehler Shares Vision on Future of Health Care in America | Markets Insider”. markets.businessinsider.com. Retrieved April 14, 2020.
  4. ^ “Archived copy”. Archived from the original on October 24, 2019. Retrieved April 8, 2021.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ^ Lahut, Jake (July 31, 2020). “Jared Kushner asked his college roommate to create a national coronavirus testing plan, according to a new report”. Business Insider. Retrieved August 4, 2020.
  6. ^ “Opening Statement of Adam Boehler” (PDF). senate.gov. September 19, 2019. Retrieved March 31, 2023.
  7. ^ “Battery Ventures”. Battery Ventures. Retrieved December 23, 2019.
  8. ^ Development, Avalon Application. “Laboratory Benefit Manager”. Avalon Healthcare Solutions. Retrieved December 23, 2019.
  9. ^ “Accumen.com – Delivering Healthcare Performance”. Accumen.com. Retrieved December 23, 2019.
  10. ^ a b Crisp, Elizabeth (October 8, 2019). “New Orleans resident Adam Boehler takes reins of federal foreign investment effort”. NOLA.com. Retrieved April 14, 2020.
  11. ^ “In Home Medical Care with Doctor House Calls”. Landmark Health. Retrieved December 23, 2019.
  12. ^ “OPIC President and CEO Washburne Statement as President Signs BUILD Act into Law | DFC”. www.dfc.gov. Retrieved December 23, 2019.
  13. ^ “Adam Boehler | DFC”. www.dfc.gov. Retrieved December 23, 2019.
  14. ^ “President Donald J. Trump Announces Intent to Nominate Personnel to Key Administration Posts”. whitehouse.gov. Retrieved December 23, 2019 – via National Archives.
  15. ^ “PN972 – Nomination of Adam Seth Boehler for United States International Development Finance Corporation, 116th Congress (2019-2020)”. www.congress.gov. September 26, 2019. Retrieved December 23, 2019.
  16. ^ a b Rappeport, Alan; Swanson, Ana; Thrush, Glenn (October 25, 2020). “Kodak Loan Debacle Puts a New Agency in the Hot Seat”. The New York Times. ISSN 0362-4331. Retrieved October 26, 2020.
  17. ^ a b Rachael Levy (December 6, 2020). “Watchdog for U.S. Agency That Brokered Controversial Kodak Loan Deal Finds No Wrongdoing”. Wall Street Journal.
  18. ^ Steve Holland (December 15, 2020). “Kushner to lead U.S. delegation to Israel, Morocco”. Reuters.
  19. ^ Steve Holland (November 29, 2020). “Trump senior aide Kushner and team heading to Saudi Arabia, Qatar”. Reuters.
  20. ^ Arutz Sheva (October 17, 2020). “Mnuchin to lead U.S. delegation to Israel, Bahrain and UAE to support Abraham Accords”. Israel National News.
  21. ^ “Ex-Trump Aide Boehler Launches Health-Care Investment Firm”. Bloomberg.com. April 7, 2021.
  22. ^ “Board of Directors”. www.atlanticcouncil.org.
  23. ^ “President Trump to Appoint New Council Members — United States Holocaust Memorial Museum”. www.ushmm.org.
  24. ^ Founders, Rubicon. “Adam Boehler Announces New Healthcare Firm, Rubicon Founders, Headquartered In Nashville”. www.prnewswire.com.

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