Boston/Toronto/Mumbai, India – June 17, 2009 – ConJoin Group, LLC, an investment and management consulting firm specializing in helping private equity and venture capital firms transform underperforming assets, today announced that it has appointed Jim Rappaport to the Board of Directors.
Mr. Rappaport currently serves as Chairman of New Boston Fund, a real estate investment firm which manages more than $1.2 billion in equity and $2.5 billion in real estate investments. Mr. Rappaport currently provides oversight and strategic counsel to the Fund's value-added investment strategies and its day-to-day management. The Funds focus on middle market investment opportunities in the Eastern United States.
In addition, Mr. Rappaport serves as Chairman of Specialty Hospitals of America, LLC, which owns United Medical Center, Specialty Hospital of Washington – Capitol Hill and Specialty Hospital of Washington – Hadley, which have over 700 beds (hospital, long-term acute and skilled nursing beds) and revenues of over $200 million per year. He and his partners have turned around the hospitals clinically as well as financially, providing quality medical care to some of the most underserved people of Washington, DC.
Mr. Rappaport has more than 25 years of real estate investment experience. Beginning in 1982 he was a General Partner in Charles River Park, where he managed the daily operations of the mixed-use development which generated over $40,000,000 in annual revenue. Also during the 1980s, he personally purchased, repositioned, and sold several properties in Hawaii, including the Kauai Resort Hotel. From 1991 to 1994, Mr. Rappaport served as president of Charles River Properties, Ltd., overseeing company operations, investments, and public affairs.
“Jim has significant experience structuring and executing complex deals, as well as a proven track record of success,” said Richard S. Garnick, chairman and CEO, The ConJoin Group. “We look forward to his guidance and expertise on our board as we work to identify and commit capital to key investment opportunities that will become part of our portfolio of transformational projects.”
Mr. Rappaport is actively involved in numerous civic and charitable organizations, including serving in a number of leadership positions for the Combined Jewish Philanthropies. He is also a member of the Board of Trustees for the Dana Farber Cancer Institute as well as the Board of Overseers of Boston's Children's Hospital.
About ConJoin Group, LLC
ConJoin Group, LLC transforms underperforming companies to realize demonstrable and accelerating value. The ConJoin model is based on improving a business’s overall performance in an accelerated way by facilitating a true transformation of the business, utilizing vision creation, transformational leadership and experienced interim management along with cost optimization to make a rapid positive impact. This is a notable difference from earlier generations of BPO providers who were primarily focused on large-scale replacement of repetitive tasks with limited value-add beyond cost reduction. ConJoin serves markets not generally supported by existing global outsourcers, especially mid-market corporations considered too small by these global players.