Investment Summary

Council Capital Invests In Allegiant Managed Care

On June 5, 2024, private equity firm Council Capital invested in insurance company Allegiant Managed Care

Investment Highlights
  • This is Council Capital’s 1st transaction in the Insurance sector.
  • This is Council Capital’s 21st transaction in the United States.
  • This is Council Capital’s 1st transaction in Pennsylvania.

Investment Summary

Date 2024-06-05
Target Allegiant Managed Care
Sector Insurance
Investor(s) Council Capital
Deal Type Growth Capital

Target

Allegiant Managed Care

Pittsburgh, Pennsylvania, United States
Allegiant Managed Care offers an array of workers’ compensation and injury benefit services that include medical case management, vocational case management, and specialty services such as Life Care Plans, liability record reviews, medical cost projections, and Medicare Set Asides. Allegiant Managed Care was formed in 1992 and is based in Pittsburgh, Pennsylvania.

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Investor(S) 1

Investor

Council Capital

Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Council Capital is a private equity firm focused on investing in lower-middle market healthcare services and healthcare IT businesses across the US. The Firm targets control and minority investments in companies with growth potential, EBITDA up to $15 million, and between $5 and $50 million in revenue. Council Capital was founded in 2000 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 21 of 22
Sector: Insurance M&A 1 of 1
Type: Growth Capital M&A Deals 13 of 14
State: Pennsylvania M&A 1 of 1
Country: United States M&A 21 of 22
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 OccMD

Dallas, Texas, United States

OccMD offers an array of workers’ compensation and injury benefit services that include medical case management, physician-led nurse case management, independent medical exams (IME), peer reviews, and medical provider networks across several states. OccMD was founded in 2000 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 StrataPT

Osprey, Florida, United States

StrataPT specializes in providing comprehensive software solutions tailored for outpatient therapy clinics. StrataPT's platform integrates electronic medical records (EMR), revenue cycle management (RCM), billing, and collections, helping clinics streamline their administrative workflows while maximizing reimbursement rates. StrataPT was founded in 2010 and is based in Osprey, Florida.

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