American Capital Ltd. (Nasdaq: ACAS) — The private equity firm increased the size of its board of directors to nine by electing Susan Nestegard to a newly created position. Since 2009, she has been a director at Hormel Foods Corp. (NYSE: HRL). Before that, Nestegard was a president at Ecolab Inc., a provider of water, hygiene and energy technologies and services. She led Ecolab’s health care unit from 2008 to 2012 and was senior vice president and chief technical officer of the company from 2003 to 2008.
Ampersand Capital Partners — The Wellesley, Pa.-based private equity firm named Cecil Kost an operating partner to assist in sourcing new deals opportunities in health care. Most recently, Kost served as president of Precision Dynamics Corp., the San Fernando, Calif. company known for making wristbands and identification tags for hospital patients. Kost began his career at Curtin Matheson Scientific, an Eden Prairie, Minn.-based distributor of lab products, where he spent nearly 20 years serving in senior-management roles. From there, he went on to serve as CEO of MedManage Systems Inc., a Marlbrough, Mass.-based drug sampling company.