HEALTH CARE / LIFE SCIENCES

Health Care / Life Sciences

Focus

MSG offers broad and deep expertise throughout the sectors that comprise the health care and life sciences industries. Our expertise was gained through senior operating roles, transaction engagements, academic preparation and committing capital as institutional investors, experiences that combine to differentiate our services. We are positioned to provide health care and life sciences business leaders and investors with solutions and opportunities to capitalize on the rapid evolution of therapeutics, regulation, science, technology, and engineering. Our target sectors are described below.

Target Sectors

Biotechnology

Biotechnology is the field devoted to applying the techniques of biochemistry, cellular biology, biophysics, and molecular biology to addressing practical issues related to human beings, agriculture, and the environment.

CROs and Clinical Trial Sites

This sector includes outsourced service providers to pharmaceutical and medical device companies.

Diagnostic Services

Diagnostic services include the clinical aspects of pathology and laboratory medicine, radiology, and nuclear medicine.

Digital Health

Digital health refers to the use of information and communications technologies in medicine and other health professions to manage illnesses and health risks and to promote wellness. Digital health has a broad scope and includes the use of wearable devices, mobile health, telehealth, health information technology, and telemedicine.

Facilities Based Services

Facilities based services includes a broad spectrum of services requiring an inpatient stay provided in brick-and-mortar health care facilities. 

Home Health Care

Home health care refers to the medically related services provided to patients in a home setting rather than in a medical facility, such as a hospital or a primary health care center.

Logistics Management

Logistics management deals with the processes that integrate the procurement of health care goods and the management of the supply chain related to such goods.

Medical Devices

A medical device is an instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article.

Outpatient Services

Outpatient services, sometimes referred to as ambulatory care, refers to health care services provided to patients without a hospital admission.

Outsourced Staffing

Outsourced staffing provides clinical staffing and business services to hospitals and other health care providers or end consumers.

Payor Services

Payor services includes such areas as medical coding and billing, aspects of managed care, and third-party administrators.

Therapeutics

Businesses in this branch of medicine deal specifically with the treatment of disease and the art and science of healing. For example, in pharmacology, therapeutics involve the use of pharmaceuticals and the method of their administration in the treatment of disease.

Theodore Bernstein, Managing Director

Theodore Bernstein is an accomplished health care / life sciences, finance, and lawyer-business leader. His background includes more than 25 years of deal-making, health care executive management, clinical science, and Wall Street experience. Theodore’s career to date has been devoted to working at the intersections of health care, life sciences, finance, and law.

Theodore’s interest in life sciences began as a student. He pursued this interest through research that expanded independently upon aspects of the studies of Félix d’Hérelle describing the function of bacteriophages (viruses that infect bacteria) and demonstrated a technique to isolate the genetic material of these viruses.

During his undergraduate studies at The Johns Hopkins University, from which he earned a Bachelor of Arts (BA) degree in natural sciences (biology, chemistry, and physics), Theodore financed a portion of his studies working as a clinical laboratory and pathology technician in community hospitals. During these experiences, he conducted phlebotomy and assays of human fluids and tissues and assisted pathologists in post-mortem examinations. He also volunteered as a biomedical research assistant at Johns Hopkins.

Following undergraduate school, Theodore earned a Master of Public Health (MPH) degree at Yale University and then began his operating executive career in health care as an Administrative Fellow at Massachusetts General Hospital. During his tenure at MGH, Theodore executed multiple senior management responsibilities in major clinical and non-clinical areas, including inpatient medical and surgical units, outpatient services, the department of nursing, the CFO’s office, admissions, the office of the general counsel, the CIO’s office, and the office of patient ombudsman.

Theodore’s executive management experience at MGH led to growing interests in business and law. In order to pursue these interests, he matriculated at the University of Chicago, where he earned both a Juris Doctorate (JD) and a Master of Business Administration (MBA). Upon graduation, Theodore developed in-depth transaction acumen as a Wall Street attorney, primarily at Skadden, Arps, Slate, Meagher & Flom, while integrating his basic science and health care training with relevant aspects of law and business.

Upon transitioning fully into finance, Theodore became a Managing Director at Wasserstein Perella & Co., where he provided sell-side research coverage of the health care universe, and selected retailers, to institutional investors. In recognition of his high-quality investment research, Theodore earned #1 rankings from Institutional Investor for numerous consecutive years.

Theodore built on his extensive investing know-how through experiences in alternative asset management. He served as a principal, portfolio manager, and securities analyst at several hedge funds, including Avenue Capital Group. Seeking a longer-term investment horizon and employing a collaborative process, Theodore became a private equity investor as Managing Partner of N-Squared Growth Capital, a New York-based firm focused primarily on health care services and technology / business services companies.

Most recently, Theodore was a Part-Time Professor of Practice at the James E. Rogers College of Law at the University of Arizona, where he taught mergers and acquisitions. Concurrently, as an independent contractor, he provided opportunity origination, valuation, negotiation, and operations consulting services to an M&A financial advisory firm.

A native of West Virginia and the son of two physicians, Theodore is a registered investment banker (holding the Series 7 and 63 licenses), as well as a licensed attorney and licensed real estate broker in New York State.