ABS Capital Partners

ABS Capital Portfolio Company Avalere Appoints Wallace Boston to its Board of Directors

Washington, DC – Avalere Health today announced that Wally Boston was elected to its Board of Directors.  Boston is President and Chief Executive Officer of another ABS Capital portfolio company, American Public University System (APUS) and its parent company, American Public Education, Inc.

Boston joined APUS in 2002 as its Executive Vice President and Chief Financial Officer, and was appointed President and CEO in 2004.  He guided APUS through its successful accreditation with the Higher Learning Commission of the North Central Association in 2006.  In November 2007, Mr. Boston led the parent company of APUS, American Public Education, Inc. (APEI), to an initial public offering on the NASDAQ Exchange.  In a turbulent market, he led APEI to successful secondary offerings in February and December of 2008.

In addition to his service to the University, Boston is heavily engaged in the broader West Virginia community, and has a deep background in education and healthcare.  He is a member of the West Virginia Governor’s Advisory Council for Technology in Education and serves as a Board Member of the Education Alliance, a non-profit organization promoting public/private partnerships serving K-12 public schools in West Virginia.  He is also a Board Member of the Gateway New Economy Council.  He is a past Treasurer of the Board of Trustees of McDonogh School, a private K-12 school in Baltimore.  In his career prior to APEI and APUS, Wally served as either CFO, COO, or CEO of Meridian Healthcare, Manor Healthcare, Neighborcare Pharmacies, and Sun Healthcare Group.

Mr. Boston is a Certified Public Accountant, Certified Management Accountant, and Fellow of the Healthcare Financial Management Association.  He earned an A.B. degree in History from Duke University and an MBA in Marketing and Accounting from Tulane University’s Freeman School of Business Administration. In 2008, the Board of Trustees of APUS awarded him a Doctorate in Business Administration, honoris causa.  He presently is completing a doctoral program in Higher Education Management at the University of Pennsylvania’s Graduate School of Education.

“Wally is a demonstrated leader whose strategic abilities, pragmatic orientation, and knowledge of the healthcare marketplace are great assets for Avalere,” said Dan Mendelson, CEO of Avalere Health.  “He has implemented a clear mission-oriented program to deliver broader access to higher education via technology, and we look forward to leveraging his breadth of skills on behalf of Avalere.”