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Healthcare Services
River Cities is currently investing in healthcare services companies from both our fourth venture capital fund and our newly dedicated healthcare services private equity partnership, founded with one of River Cities' valued L.P. relationships.
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Healthcare Venture Capital |
Healthcare Growth Equity |
| Investment Type: |
• Expansion stage venture capital
• Late stage venture capital |
• Growth Equity
• Management Buyouts
• Recapitalizations
• Sector Consolidations |
| Healthcare Sub-Sectors of Focus: |
Behavioral
Disease Management
Healthcare Distribution
Home Healthcare and Hospice
Infusion Therapy
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Laboratory Services
Pharmacy
Primary Care
Rehabilitation
Wound Care |
| Equity Investment Size: |
$2MM-5MM initial equity
$5MM-12MM total equity |
Up to $20MM of equity per platform company |
| Revenue and Profitability Profile: |
Candidates typically have revenues ranging from $3MM to $15MM and may or may not be cash flow positive |
Candidates typically have in excess of $2MM of EBITDA |
| River Cities' Approach: |
We invest in healthcare services companies that bring a differentiated solution to attractive markets within the clinical care spectrum |
We favor a buy and build approach and collaborate to accelerate growth via de novo expansion, sales and marketing enhancements, and add-on acquisitions. |
| Investment Criteria: |
We seek validated business models where our capital is deployed primarily for sales and marketing execution |
We seek well-positioned platform companies led by management teams with the vision, motivation and leadership to build market-leading companies |
| Investment Horizon: |
4-7 years
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Highly flexible |
| Control vs. Non-Control: |
Typically minority investments in entrepreneur-led businesses |
Control investments with incentives for management |
Selected Healthcare Services Portfolio Companies
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River Cities has been the most active investor in Intelliseek. They spent time in understanding our business, evaluating strategic options and helping management making right decisions, particularly in very tough times. They bring a great balance of protecting downside risk without losing the upside potential.
Mahendra Vora
Founder and Chairman
Intelliseek
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