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Colgate Trustee James L. Elrod Jr. ‘76 leads the health care group at Vestar Capital Partners, a private equity firm
based in New York with $4 billion under management.
Elrod joined Vestar in 1998. Previously, he was executive vice president, finance and operations, at Physicians Health
Services, a public managed care organization. Prior to that, Elrod was a managing director and partner at Dillon, Read & Co. Inc., where he founded and ran Dillon Read’s
health care investment banking group.
His books Hospital Project Financing and Refinancing Under Prospective Payment and
Merging Health Care Institutions were published by
the American Hospital Association.
Elrod graduated cum laude from Colgate and earned a master’s from the Harvard Business School.
In 1996 he received
the Alumni Award for Distinguished Service from Colgate.
Raised in Atlanta, Ga., Elrod lives in Riverside, Conn. with his wife and three children.
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