Investment Focus

The strike zone

We invest 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

Business Services

Helping clinicians, operators, and health systems do more, so patients get more from their care

Business Profile

EBITDA

$1M - $10M EBITDA

Add-on opportunities can vary

Growth

Opportunity for a multi-faceted approach to growth

Profitability

A history of profitability with durable and 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

Up to $30M Equity

deployed over the life of the investment

Majority & Control

structured to fit the situation

Rollover & Incentives

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

Capital Ahead of Growth

infrastructure and team, de novo sites, new markets and service lines, and add-ons

Real Estate, Where It Fits

we can explore acquiring founder-owned real estate at close — additional proceeds and risk off the balance sheet

through a separate but related vehicle that also carries capital for new site acquisition and buildout

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 and private practices 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 accelerate the continuum.

Business Services

Outsourced Solutions

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

Business Services

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.