Invesque Inc. added Tiptree Financial Inc. Managing Director Randy Maultsby to its board of directors.
The company, previously known as Mainstreet Health Investments, recently completed its buyout of Care Investment Trust LLC from Tiptree Inc. for US$425 million, subject to adjustments. Tiptree is a significant shareholder of Invesque.
Maultsby was appointed the nominee of Tiptree under the investor rights agreement related to the acquisition. Since 2010, he has been responsible for overseeing Tiptree's acquisition activity, asset dispositions and capital raising efforts.
