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CD&R, Ravi Sachdev and Ron Williams – Scaled Growth Equity at agilon health (S1.EP.08)
Private Equity Deals with Capital Allocators
The Challenges in Recruitment
Ron, I'm curious to ask about these bumps in the road that Ravi mentioned. What was that period like for you as you're both trying to work with those businesses and then trying to create this new partnership model going forward? Well, it was very challenging because we discovered as we began to operate the initial business that we acquired that focused on Medicaid, that the business had not been operated consistent with the correct compliance standards in California. We spent a good deal of time cleaning up the pass-ins of the management team there. And so we became viewed as part of the solution as opposed to the cause or part of the problem.
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