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Bill Frist

Cressey & Co. partners expand interests into the early stages.

Former U.S. Senate Majority Leader Bill Frist and investing partner Bryan Cressey are hiring investment staff to handle their personal investments in healthcare technology and services companies, Fortune has learned.

The new effort will be separate from Cressey & Co., a healthcare-focused private equity firm in which both Frist and Cressey are (and will continue to be) partners.