David McNichols
Private Equity Investor at Dagrosa Capital Partners LLC
Profile
David McNichols is a Senior Partner at DaGrosa Capital Partners LLC.
Mr. McNichols leads DCP’s growing healthcare vertical and is responsible for identifying and evaluating investment opportunities, transaction structuring and execution, and the implementation of post-acquisition growth and operational strategies.
He brings more than 30 years of executive-level healthcare experience to the firm.
Prior to joining DCP, Mr. McNichols served as Senior Vice President of Aetna/CVS and President & CEO of its Medicaid division, Aetna Better Healthcare.
During this time, Mr. McNichols led the successful turnaround of Aetna’s troubled Medicaid business, increasing Aetna’s Medicaid revenues by 35% to over $13 billion in less than a year.
Previously, he served as President for Anthem, where he re-engineered Anthem’s largest Medicare region within five years, taking annual profits from $50 million to over $300 million.
Earlier in his career, Mr. McNichols held leadership roles at WellCare of Florida, WellCare of Georgia, Principal Financial Group, CIGNA Healthcare, Peach State Health Plan, and United Healthcare Group/AmeriChoice Health Plan.
Mr. McNichols holds a Bachelor of Arts degree in Clinical Psychology and a Secondary Teaching Credential from Simpson University as well as a Master of Business Administration, with honors, from the University of Colorado.
David McNichols active positions
| Companies | Position | Start |
|---|---|---|
Dagrosa Capital Partners LLC
 Dagrosa Capital Partners LLC Investment ManagersFinance DaGrosa Capital Partners LLC (DaGrosa Capital) is a private equity firm founded in 2019 by Joseph DaGrosa Jr. The firm is headquartered in Coral Gables, Florida. | Private Equity Investor | 2021-02-28 |
Former positions of David McNichols
| Companies | Position | End |
|---|---|---|
| AETNA | Chief Executive Officer | 2020-07-31 |
| ELEVANCE HEALTH, INC. | President | 2019-12-31 |
| WELLCARE HEALTH PLANS | President | 2014-02-28 |
| UNITEDHEALTH GROUP INC. | President | 2004-12-31 |
PacifiCare Health Systems, Inc.
 PacifiCare Health Systems, Inc. Managed Health CareHealth Services PacifiCare Health Systems, Inc. provided health insurance services. It offered health and medical plans and pharmacy products for seniors, employer groups, families, and individuals. The company was founded by Terry O. Hartshorn in 1975 and was headquartered in Cypress, CA. | Private Equity Investor | 1999-12-31 |
Training of David McNichols
| Simpson University | Undergraduate Degree |
| University of Colorado Colorado Springs | Masters Business Admin |
Experiences
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Connections
1st degree connections
1st degree companies
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Female
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Linked companies
| Listed companies | 2 |
|---|---|
| ELEVANCE HEALTH, INC. | Health Services |
| UNITEDHEALTH GROUP INC. | Health Services |
| Private companies | 4 |
|---|---|
Dagrosa Capital Partners LLC
Dagrosa Capital Partners LLC Investment ManagersFinance DaGrosa Capital Partners LLC (DaGrosa Capital) is a private equity firm founded in 2019 by Joseph DaGrosa Jr. The firm is headquartered in Coral Gables, Florida. | Finance |
Aetna, Inc.
 Aetna, Inc. Managed Health CareHealth Services Aetna, Inc. engages in the provision of traditional, voluntary, and consumer-directed health insurance products and related services. It offers benefits, products and services to individuals, employers, healthcare professionals, and producers. The company was founded by Eliphalet Adams Bulkeley in 1853 and is headquartered in Hartford, CT. | Health Services |
WellCare Health Plans, Inc.
 WellCare Health Plans, Inc. Life/Health InsuranceFinance WellCare Health Plans, Inc. engages in the provision of government-sponsored managed care services to families, children, seniors, and individuals with medical needs. It operates through the following segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (PDPs). The Medicaid Health Plans segment includes plans for beneficiaries of Temporary Assistance for Needy Families (TANF), Supplemental Security Income (SSI), Aged Blind and Disabled (ABD), and other state-based programs that are not part of the Medicaid program. The Medicare Health Plans segment refers to the federal program that offers eligible persons age 65 and over and some disabled persons with a variety of hospital, medical, and prescription drug benefits. The Medicare PDPs segment serves as a plan sponsor offering stand-alone Medicare Part D PDP plans to Medicare-eligible beneficiaries through this segment. The company was founded in May 2002 and is headquartered in Tampa, FL. | Finance |
PacifiCare Health Systems, Inc.
PacifiCare Health Systems, Inc. Managed Health CareHealth Services PacifiCare Health Systems, Inc. provided health insurance services. It offered health and medical plans and pharmacy products for seniors, employer groups, families, and individuals. The company was founded by Terry O. Hartshorn in 1975 and was headquartered in Cypress, CA. | Health Services |
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