Daren McKennay

Partner at Crescent Capital Partners

Greater Sydney Area

About

As a Partner at Crescent Capital Partners, Daren brings over two decades of valuable healthcare and commercial experience to the firm. Prior to Crescent, Daren was co-founder and Chief Executive Office of LifeHealthcare Group Limited. During his time at LifeHealthcare, he led the refocused strategic direction of the medical devices business following the demerger of National Hearing Care from the group, in December 2007. The business had completed the acquisition phase of its development and required strategic focus to extract the full value of the group’s new position in the market. In December 2013, Daren led the business through a successful IPO process. His experience also includes Chief Operating Officer of MIA Group Limited, at the time the leading listed Radiology provider in Australia, where he led the operations of the Australian business comprising a turnover of $350 million, 160 clinics and 2,500 staff. During his time at MIA Group, Daren was charged with the operational implementation of the company's strategy and operational change program designed to transform the underlying stability and performance of the business. This experience followed an 11 year career including hospital CEO and Regional Director roles with a leading private hospital group in Australia (HCoA and previously AME Limited). Daren holds a Bachelor of .Business from Edith Cowan University and an MBA from the University of Western Australia. Daren is also a Member of the Institute of Chartered Accountants.

Experience

  • Crescent Capital Partners (Sydney, Australia)
    • Partner
      Dec 2016 - Present · 9 yrs 8 mos

      Focused on investing in Australian and New Zealand based businesses for growth sometimes acting as a consolidator in industry segments. Emphasis is on working with and assisting investee company's founders and management apply world’s best practice to accelerate the company’s strategy execution to optimise value creation for all stakeholders.

    • Investment Director
      Sep 2015 - Dec 2016 · 1 yr 4 mos

      20+years experience in the healthcare sector including private equity investments. Co Founder and ex-CEO of LifeHealthcare Group Limited (ASX:LHC).

  • Chairman and Director at Australian Institute of Business
    Oct 2017 - Present · 8 yrs 10 mos

    Australian Institute of Business, known to many as AIB, is a registered higher education provider that has an array of high quality tertiary programmes for busy working adults, including Australia’s most popular MBA, The Agile MBA™ . We may have 30 years of history and we are one of the most established private education institutions in Australia but we are future focused and dedicated to continuous improvement. AIB is a globally recognised institution that caters specifically to working adults. AIB higher education programmes are accredited by the Tertiary Education Quality and Standards Agency (TEQSA) within the Australian Qualifications Framework (AQF) and internationally recognised.

  • Chairman and Director at Healthcare Australia
    Jul 2018 - Present · 8 yrs 1 mo

    Healthcare Australia ‘HCA’ is a specialist healthcare staffing and workforce management company, providing agency staffing recruitment services, workforce management solutions, vocational training and continuing professional development courses. We are proud to play an active role in our nation’s health and wellbeing as we touch the lives of over 35,000 Aussies every day.

  • Chairman and Director at PRP Diagnostic Imaging
    Jul 2020 - Jul 2022 · 2 yrs 1 mo

    PRP is a leader in advanced diagnostics in the greater Sydney and New South Wales region with a strategic network of 26 large format comprehensive clinics, located in attractive catchment areas and focused on higher value specialist referred services PRP is exposed to the largest and fastest growing segments of the healthcare system with deep sub specialty expertise in oncology, musculoskeletal imaging and cardiology.

  • Chairman and Director at Nucleus Network
    Dec 2017 - Mar 2022 · 4 yrs 4 mos

    Nucleus was founded in 2003 as Victoria’s only Early Phase Clinical Trial Facility. Since its inception, Nucleus Network has maintained high standards of clinical governance and safeguards to protect participants, while achieving world class quality standards for sponsors of Early Phase Clinical Trials. As a dedicated Early Phase Clinical Trials expert, Nucleus Network has grown to become Australia’s leading facility attracting global sponsors from North America, Europe, Asia and across Australia and New Zealand. The organisation’s values of Trust, Integrity, Excellence and Collaboration have come to underpin its success – Nucleus Network can always be trusted to deliver high and reliable performance levels, with a highly professional team of people that go the extra mile to exceed expectations.