Steven E. Simpson is co-founder and managing partner of Wheelhouse, LLC.
For over 20 years serving in executive management roles, Simpson has an impressive history of successfully negotiating significant mergers and acquisitions, extensive experience leading companies going through transitions, and a wealth of knowledge when it comes to relying upon sales and marketing to organically grow revenue.
Prior to founding Wheelhouse, Simpson served as the President and Chief Executive Officer of Spheris, Inc. In six years, Simpson led the company through three significant acquisitions and a profitable recapitalization that grew the company from a $17 million domestic-only medical transcription service provider with an earnings loss to a $200 million global clinical documentation technology and service provider with $34 million in EBITDA. As part of the recapitalization, he worked with several private equity companies and raised more than $75 million in senior debt and $125 million in a public bond offering which led Spheris to become a SEC registered public company.
Before Spheris, Simpson was one of the lead executives who negotiated the $2.5 billion sale of Envoy from Quintiles Envoy Corporation to Healtheon/WebMD Corporation in the creation of the largest healthcare transaction company. He started his affiliation with these companies in 1998 as the Chief Sales and Marketing Officer for Quintiles Envoy. From there, he assumed the role of Chief Operating Officer and was one of three executives who made up the Office of the President. After the successful negotiation and sale of Envoy, Simpson became the President of the Transaction Services Division of WebMD. While in that role, the company grew from approximately $200 million to more than $500 million in revenue, through a combination of 14 acquisitions and organic growth that realized an estimated $100 million in synergies.
In 1998, Simpson founded a start-up, majority-ownership company that acquired joint ventured hospital satellite occupational health clinics. As the Chief Executive Officer, he raised more than $25 million in private equity. He later served as the lead in the sale of the company.
As the Vice President of Sales and Product Line Development for Columbia/HCA Healthcare Corporation, the nation’s leading provider of healthcare services, Simpson established the first international hospital system sales department that included a national account management organization as well as a field sales organization. He also developed a sales information management system and comprehensive training program to support the international hospital system sales department. He also established a product line consisting of eight disease-state and population-based health initiatives.
Simpson began his career as a sales representative with Ortho Pharmaceutical, a subsidiary of the Johnson & Johnson Corporation, a global pharmaceutical, medical devices and consumer packaged goods manufacturer. As a field sales director for Ortho, he controlled six regional business units that together generated more than $500 million in revenue annually. Simpson was part of the customer focus reengineering team that was responsible for the integration of the sales and marketing functions after the 1994 merger of Ortho Pharmaceutical Corporation and McNeil Pharmaceutical Corporation.
Today Simpson serves as President and CEO of Currie Medical Specialties, one of the Wheelhouse portfolio companies and serves on the boards of several privately held companies and charitable organizations. He holds a bachelor of arts from Mercer University.