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.