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 20th 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 $7 million, and between $5 and $50 million in revenue. Council Capital was founded in 2000 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 20 of 21
Sector (Insurance) 1 of 1
Type (Growth Capital) 12 of 13
State (Pennsylvania) 1 of 1
Country (United States) 20 of 21
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Alivia

Woburn, Massachusetts, United States

Alivia provides a revolutionary, AI-powered payment integrity platform for cost containment, serving commercial and government health plans, auditors, and fraud investigators. The platform offers speed, accuracy, and adaptability with powerful data and analytics. Alivia is based in Woburn, Massachusetts.

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

Osprey, Florida, United States

StrataPT 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 is based in Osprey, Florida.

Buy -
Mergr

Product

Company

Legal