Investment Focus

The strike zone

Investing behind where healthcare is going — a top-down lens applied to evaluating every partnership within healthcare.

What Qualifies

Our investment criteria

Operating Models

Care Delivery

Clinicians and care models meeting patients where they are

B2B Services

Business services with healthcare end markets — helping clinicians, operators, and health systems do more, and patients get more from their care

Business Profile

EBITDA

$2M - $8M EBITDA

Growth

Opportunity for a multi-faceted approach to growth

Profitability

A history of profitability with durable, visible cash flow generation

Geography

United States

Ownership and Alignment

Ownership

Founder / Entrepreneur

Majority-owned & led

The Next Chapter

Founders focused on building through the next season

And when the time comes, succession done well — legacy preserved

Cultural Alignment

A patient-first culture and a strong reputation with stakeholders and communities

How we invest

$10–$30M Equity

deployed over the hold

Majority & Control Ownership

structured to fit the situation

Rollover & Incentives

liquidity today, shared upside tomorrow — ownership for those driving the value

Equity Deployed Into Growth

de novo locations, new market and service line expansion, and disciplined add-on acquisitions

The filter that matters most

A deal can check every box above and still not be ours. We only partner where our experience, our operating playbooks, or our network can tangibly bend the trajectory of the business, and serve as a force multiplier.

Active theses

Where we are spending our time right now — across two complementary lenses.

Care Delivery

Behavioral Health

Demand still outstrips access, and the standard of care keeps rising. With the sector under heightened scrutiny, the winners will integrate care around the whole person and prove it — early action, measurable outcomes, genuine personalization.

Care Delivery

Home & Post-Acute Care

Care is moving home, and health systems are seeking innovative ways to participate in the shift to outpatient settings. Platforms that manage — and are positioned to accelerate — the transition, not just the visit, will own the continuum.

Care Enablement

Outsourced Solutions

Providers, operators and health systems can’t build everything in-house. Specialized services delivered on-site and on-demand are becoming core to how care gets done.

Care Enablement

Regulated & Mission-Critical Services

Healthcare is being built across every setting and archetype, and under tighter oversight. Services that carry the regulatory and compliance burden become non-discretionary — embedded in the operating model rather than chosen year to year.