Adam Seth Boehler (born June 23, 1979) is an American businessman and government official who was unanimously confirmed by the U.S. Senate to serve as the first CEO of the

U.S. International Development Finance Corporation The United States International Development Finance Corporation (DFC) is a development finance institution and agency of the United States federal government. DFC invests in development projects primarily in lower and middle-income countries. Fi ...

. He is currently the CEO of Rubicon Founders, a health care investment firm based in Nashville. He previously served in the Trump administration as Director of the

Center for Medicare and Medicaid Innovation The Center for Medicare and Medicaid Innovation (CMMI; also known as the CMS Innovation Center) is an organization of the United States government under the Centers for Medicare and Medicaid Services (CMS). It was created by the Patient Protection a ...

, as well as Senior Advisor for Value-based Transformation for Health and Human Services Secretary

Alex Azar Alex Michael Azar II (; born June 17, 1967) is an American attorney, businessman, lobbyist, and former pharmaceutical executive who served as the United States secretary of health and human services from 2018 to 2021. Azar was nominated to his p ...

and Deputy Administrator of the

Centers for Medicare and Medicaid Services The Centers for Medicare & Medicaid Services (CMS), is a federal agency within the United States Department of Health and Human Services (HHS) that administers the Medicare program and works in partnership with state governments to administer M ...

. He joined CMS in April 2018.

Early life and education

Boehler was born in Albany, New York on June 23, 1979. Boehler's father is a physician. Boehler graduated magna cum laude from the

Wharton School The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in P ...

of the University of Pennsylvania in 2000. He was a summer college roommate of

Jared Kushner Jared Corey Kushner (born January 10, 1981) is an American businessman and investor. He served as a senior advisor to 45th U.S. president Donald Trump, his father-in-law. Since leaving the White House, Kushner founded Affinity Partners, a pri ...

, with whom he would later work on a Trump administration team coordinating tests for COVID-19. During college, Boehler worked for a summer at the Financial and Fiscal Commission, a government agency managed by the

Parliament of South Africa The Parliament of the Republic of South Africa is South Africa's legislature; under the present Constitution of South Africa, the bicameral Parliament comprises a National Assembly and a National Council of Provinces. The current twenty-seve ...

Early career

Boehler started his career at

Battery Ventures Battery Ventures is an American technology-focused investment firm. Founded in 1983, the firm makes venture-capital and private-equity investments in markets across the globe from offices in Boston, Silicon Valley, San Francisco, Israel and Lon ...

, a technology

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm that focuses on investments in software and emerging technologies. Boehler was also an Operating Partner at

Francisco Partners Francisco Partners is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. Founded in August 1999 and based in San Francisco with offices in London and New York City, Francis ...

, a global private equity firm based in

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

focusing on healthcare. Boehler founded and was Chairman of Avalon Health Solutions, a provider of laboratory benefit management services. Previously, Boehler was the founder and CEO of Accumen, a provider of laboratory management services to health systems. Prior to joining CMS, Boehler was founder and CEO of Landmark Health, the largest provider of home-based medical care in the country.

Trump administration (2018-2021)

Center for Medicare and Medicaid Innovation

Boehler was appointed Director of the

at the

United States Department of Health and Human Services The United States Department of Health and Human Services (HHS) is a cabinet-level executive branch department of the U.S. federal government created to protect the health of all Americans and providing essential human services. Its motto is ...

(HHS) in April 2018. While at HHS, Boehler also served as Senior Advisor for Value-based Transformation to Secretary

and Administrator of the

(CMS).

International Development Finance Corporation

On July 10, 2019,

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pe ...

announced his intent to nominate Boehler for the position of CEO of the newly formed

, a government agency formed through the Better Utilization of Investments Leading to Development (BUILD) Act as a consolidation of the

Overseas Private Investment Corporation The Overseas Private Investment Corporation (OPIC) was the United States Government's Development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID ...

(OPIC) and the Development Credit Authority (DCA) of the

United States Agency for International Development The United States Agency for International Development (USAID) is an independent agency of the U.S. federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 bi ...

(USAID) into one entity. The nomination was received by the

Senate A senate is a deliberative assembly, often the upper house or chamber of a bicameral legislature. The name comes from the ancient Roman Senate (Latin: ''Senatus''), so-called as an assembly of the senior (Latin: ''senex'' meaning "the el ...

on July 22, 2019, and confirmed unanimously by

voice vote In parliamentary procedure, a voice vote (from the Latin ''viva voce'', meaning "live voice") or acclamation is a voting method in deliberative assemblies (such as legislatures) in which a group vote is taken on a topic or motion by responding vo ...

on September 26, 2019. Under his tenure at the IDFC, Boehler helped draft an executive order in response to COVID-19 that expanded the IDFC to domestic projects—a break from its congressional mandate, which focused on funding projects in the

developing world A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreem ...

. The IDFC's first domestic loan was a controversial $765 million loan to Kodak intended to transform the photography company into a pharmaceutical company. The Securities and Exchange Commission is investigating allegations of insider trading prior to the announcement of the Kodak loan. An investigation by the IDFC

Office of Inspector General In the United States, Office of Inspector General (OIG) is a generic term for the oversight division of a federal or state agency aimed at preventing inefficient or unlawful operations within their parent agency. Such offices are attached to ma ...

found no evidence that IDFC staff had conflicts of interest regarding the loan, and found no "evidence of misconduct on the part of DFC officials." Boehler was part of the delegation that traveled in December 2020 with

to Saudi Arabia and Qatar (to discuss regional tensions), and to Israel and Morocco (to discuss the

Israel–Morocco normalization agreement The Israel–Morocco normalization agreement is an agreement announced by the United States government on December 10, 2020, in which Israel and Morocco agreed to begin normalizing relations. On December 22, 2020, a joint declaration was signed ...

), as well as a delegation in October 2020 with Secretary of Treasury Steven Mnuchin to Israel, Bahrain, and UAE to discuss economic cooperation under the Abraham Accords.

Post-government career

In 2021, Boehler started a health-care investment firm, Rubicon Founders, based in Nashville, Tennessee. The firm is focused on senior living and genomics. He is also on the Board of Directors of the Atlantic Council and a member of the United States Holocaust Memorial Council.

Personal life

Boehler currently resides in

Nashville, Tennessee Nashville is the capital city of the U.S. state of Tennessee and the county seat, seat of Davidson County, Tennessee, Davidson County. With a population of 689,447 at the 2020 United States census, 2020 U.S. census, Nashville is the List of muni ...

with his wife, Shira, and their four children. Boehler formerly resided in

New Orleans New Orleans ( , ,New Orleans
Merriam-Webster. ; french: La Nouvelle-Orléans , es, Nuev ...

References

External links

* {{DEFAULTSORT:Boehler, Adam S. 1979 births Living people People from Albany, New York Wharton School of the University of Pennsylvania alumni American political consultants United States Department of Health and Human Services officials American chief executives Trump administration personnel