News
NewSpring Capital Welcomes Additional Board Members to Portfolio Company MinSec Holdings, Inc.
Joseph W. "Chip" Marshall, III; Dr. Henry Harbin; Dr. Calvin Johnson Appointed
RADNOR, PA, May 24, 2011– NewSpring Capital, a family of private equity funds providing growth and expansion capital to companies in the Mid-Atlantic region, announced today that its NewSpring Healthcare and NewSpring Mezzanine portfolio company, MinSec Holdings, Inc., a leading provider of private community correctional services, continues to bolster its Board, announcing the addition of Joseph W. “Chip” Marshall, III, Dr. Henry Harbin, and Dr. Calvin Johnson to its Board of Directors. Most recently, MinSec welcomed former Pennsylvania Governor Mark Schweiker to the Board. These appointments are an integral part of the growth strategy of MinSec, Pennsylvania’s largest network of community corrections facilities and outpatient centers for the treatment of chemical dependency and mental health disorders.
MinSec operates seven residential and four outpatient facilities across the Commonwealth with a capacity of over 1,000 beds and close to 200 employees. The Company is committed to helping the non-violent, pre-release inmate population safely and effectively reintegrate into their communities and reduce recidivism rates.
“This announcement is particularly significant as Mr. Marshall, Dr. Harbin and Dr. Johnson each bring a unique perspective to the Board during a time of growth for our company and the industry,” said Sean McDougall, CEO of MinSec. “As budgets buckle under the burdensome cost to house inmates in state and county corrections facilities, the need for growth in the industry is increasing every day. This impeccably-qualified group will help guide us through that growth and ensure that the services we provide are of the highest caliber and among the best in the industry.”
"This is a very exciting and dynamic time at MinSec," commented Brian G. Murphy, Chairman of MinSec and NewSpring Capital General Partner. "This board has a terrific balance and ideal combination of health care professionals, political leaders, and stars of the business world to help lead the Company’s expansion efforts.”
Joseph “Chip” Marshall, III, is Vice Chairman of Philadelphia-based Stevens and Lee law firm and former long-time Chairman and CEO of Temple University Health System.
Mr. Marshall is a prominent and highly-regarded figure in the health care and higher education industries and the Greater Philadelphia business community, serving as the Vice Chairman of Griffin Financial Group, a Stevens and Lee- affiliated investment bank. As Chairman and CEO of Temple University Health System, Mr. Marshall led one of the largest health care organizations in Pennsylvania. He is also a former Director of Health Partners, a provider-owned Medicaid/Medicare Health Maintenance Organization operating in Greater Philadelphia.
Mr. Marshall has held several significant government-appointed positions, including having served on the Medicaid Commission created by Congress and established by The Honorable Michael O. Leavitt, the former Secretary of the U.S. Department of Health & Human Services. As part of his service, he advised the Secretary on ways to modernize the Medicaid program to provide high-quality health care to its beneficiaries in a financially sustainable way. He served as Vice Chairman and Chairman of the Pennsylvania State Ethics Commission and as one of the original members of the Pennsylvania Gaming Control Board. A former Board member of the Greater Philadelphia Chamber of Commerce, he presently serves on the Chamber’s CEO Council for Growth.
“Community corrections facilities are on the precipice of a major expansion nationwide as federal, state and local officials struggle to find ways to reduce recidivism and most urgently balance their budgets,” said Joseph “Chip” Marshall, III. “I am pleased to be a part of MinSec’s Board as they expand in and influence the direction of the marketplace.”
Henry T. Harbin, M.D., is former CEO of Magellan Health Services and Green Spring Health Services.
Dr. Henry Harbin brings to MinSec 30 years of experience in both the public and private behavioral health sectors. As former Chairman and CEO of Magellan Health Services, one of the nation’s leading behavioral managed care organizations, Dr. Harbin led a $1.7 billion company that serves approximately 60 million Americans today. Prior to Magellan, Dr. Harbin held several executive positions at Green Spring Health Services, including CEO and President, before Magellan acquired a majority interest in the Company.
Among his public service accomplishments, Dr. Harbin served as Commissioner of the President’s New Freedom Commission on Mental Health from 2002 to 2003 and chaired on the subcommittee for the interface between Mental Health and General Medicine. Dr. Harbin was also the Director of Maryland’s State Mental Health Authority from 1985 to 1988, after working 10 years in the public mental health industry as a board-certified psychiatrist.
Dr. Harbin is an industry thought-leader in the fields of behavioral health and psychiatry, and he has served as a reviewer for the American Journal of Psychiatry, Journal of Nervous and Mental Disease, and Hospital & Community Psychiatry. In 2005, Dr. Harbin co-chaired the National Business Group on Health to produce the Employer’s Guide to Behavioral Health Services.
“MinSec is an industry leader and takes its treatment of this vulnerable population seriously,” said Dr. Henry Harbin. “I am energized by MinSec’s commitment to making an impact on helping shape public policy in this industry, which has been the focus of a growing spotlight as government looks to expand while managing overwhelming prison budgets. “
Calvin Johnson, M.D., M.P.H., is Executive Medical Officer of MinSec and former Vice President and Chief Medical Officer of Temple University Health System.
Dr. Johnson’s impressive career has been in medicine as well as public policy. He was an Attending Pediatrician in Emergency Medicine at Temple University Children's Medical Center when he was asked to serve as Consulting Medical Director of Philadelphia Safe and Sound, a program focused on improving the health, safety and well-being of the City's youth. He subsequently served as Vice President and Chief Medical Officer of Temple University Health System.
Dr. Johnson is currently serving as MinSec’s Executive Medical Officer, overseeing health and treatment services and developing new programs that address chronic health and medical needs of offenders.
Among his many public service accomplishments, Dr. Johnson served five years as Secretary of Health for the Commonwealth of Pennsylvania under Governor Ed Rendell. In that capacity, Johnson advised the governor on health matters and directed the health services and regulatory functions of Pennsylvania’s Department of Health, an agency that serves Pennsylvania's 12.5 million residents with more than 1,500 employees and a budget of nearly $900 million.
Johnson is a member of several professional organizations and societies, including the National Medical Association, the College of Physicians of Philadelphia, the American Academy of Pediatrics, the Americann Public Health Association, and the Association of State and Territorial Health Officials.
“Treating sustance abuse is a critical part of successful community re-entry, and MinSec stands as an industry leader in community corrections and treatment services. I am proud to be part of a team that is leading the way during this crucial time in the community corrections industry,” said Dr. Calvin Johnson.
