Deal Screening
405 pass · 202 watch · 48 fail · 655 total
🛡️ Public data only — no PHI permitted on this instance.
About this page
Runs every corpus deal through a rules-based screen combining composite risk score, EV/EBITDA multiple, MOIC floor, Medicaid exposure, EBITDA-positivity, hold-period window, and a heuristic signal, emitting PASS, WATCH, or FAIL. Interactive — thresholds are adjustable via form controls and the decision mix re-renders live.
Scale
ScreeningConfig defaults: risk score > 60/100 FAILs and > 40 WATCHes; EV/EBITDA > 20.0x FAILs and > 14.0x WATCHes; MOIC target floor 1.50x; Medicaid share > 65% WATCHes. Any hard-threshold breach rejects; soft flags accumulate into a WATCH.
How to use
Tighten the sliders to run your own fund's discipline against the corpus — a 14x max and 50% Medicaid cap will eliminate the deals you would not have bid on, and the remaining PASS cohort is a comparable population for outcome analysis.
Source: data_public/deal_screening_engine.py::screen_corpus; ScreeningConfig dataclass (threshold defaults).
Runs every corpus deal through screen_corpus(deals, config) and returns one of PASS / WATCH / FAIL per deal. Tighten thresholds below to see the decision mix shift, or filter to a specific decision. Sortable by any column.
Corpus Deals
655
screened
Pass Rate
61.8%
clear all thresholds
Watch Rate
30.8%
soft flags
Fail Rate
7.3%
hard rejections
Showing
200
of 655 matching filter
Screening controlsCFG
DECISION MIXacross 655 corpus deals under current thresholds
PASS
405
61.8% of 655
WATCH
202
30.8% of 655
FAIL
48
7.3% of 655
RANKED RESULTStop 200 by risk composite655
Screening output (200 of 655)OUT
| Deal | Decision | Risk | Heuristic | Data % | Top Reason |
|---|---|---|---|---|---|
| seed_221Consulate Health Care / Restructuring | WATCH | 37.9 | AMBER | 100.0% | Senior partner heuristics: AMBER signal |
| seed_357Amedisys / Optum (UHG) acquisition | WATCH | 32.4 | GREEN | 88.0% | Entry multiple 15.0x above watch threshold 14x |
| seed_378DaVita Medical Group / Optum carve-out (VillageMD era) | FAIL | 32.2 | GREEN | 100.0% | Entry multiple 25.0x exceeds max 20x |
| seed_266Genesis HealthCare / Formation Capital | WATCH | 31.9 | AMBER | 100.0% | Senior partner heuristics: AMBER signal |
| seed_430Fresenius Kabi / NxStage Medical acquisition | FAIL | 31.2 | GREEN | 100.0% | Entry multiple 25.0x exceeds max 20x |
| seed_123Cano Health – SPAC / Jaws Acquisition Corp | FAIL | 30.2 | RED | 62.0% | Negative EBITDA $-42M — pre-profitability · Healthcare trap: total_loss_risk — Near-total loss (MOIC <0.2x) — review for regulatory disruption, structural Medicaid issues, or over-leveraged distress |
| seed_126US Renal Care – DaVita Acquisition (DOJ Blocked) | WATCH | 26.0 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_217WellCare Health Plans / Centene Acquisition | WATCH | 26.0 | AMBER | 88.0% | Entry multiple 15.7x above watch threshold 14x · Medicaid 68% exceeds watch threshold 65% |
| seed_098Alignment Healthcare – IPO / Warburg Pincus exit | FAIL | 25.2 | AMBER | 62.0% | Negative EBITDA $-180M — pre-profitability |
| seed_121Agilon Health – IPO / Clayton Dubilier & Rice Exit | FAIL | 25.2 | AMBER | 62.0% | Negative EBITDA $-85M — pre-profitability |
| seed_182CenterWell Senior Primary Care – Humana Internal Build | FAIL | 25.2 | AMBER | 50.0% | Negative EBITDA $-75M — pre-profitability |
| seed_195Pearl Health – Primary Care ACO-REACH Platform | FAIL | 25.2 | YELLOW | 50.0% | Negative EBITDA $-12M — pre-profitability |
| seed_611Alignment Healthcare / Warburg Pincus → IPO | FAIL | 25.2 | AMBER | 62.0% | Negative EBITDA $-80M — pre-profitability |
| seed_180Amedisys – UnitedHealth Group / Optum Acquisition | WATCH | 24.8 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_411WellCare / Centene merger (second deal) | WATCH | 24.5 | GREEN | 100.0% | Entry multiple 16.0x above watch threshold 14x |
| seed_239Diversicare Healthcare / Wellstone Capital | WATCH | 24.4 | AMBER | 100.0% | Senior partner heuristics: AMBER signal |
| seed_263Clover Health / SPAC (Social Capital Hedosophia) | FAIL | 24.2 | RED | 75.0% | Healthcare trap: total_loss_risk — Near-total loss (MOIC <0.2x) — review for regulatory disruption, structural Medicaid issues, or over-leveraged distress · Senior partner heuristics: RED signal |
| seed_408LHC Group / Almost Family merger | PASS | 24.1 | GREEN | 100.0% | — |
| seed_421BioTelemetry / Philips Healthcare acquisition | FAIL | 24.0 | RED | 100.0% | Entry multiple 28.0x exceeds max 20x · Senior partner heuristics: RED signal |
| seed_099CareMax – IMC Medical Group SPAC Merger | WATCH | 23.8 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_589Cano Health / SPAC / Chapter 11 | FAIL | 23.2 | RED | 62.0% | Healthcare trap: total_loss_risk — Near-total loss (MOIC <0.2x) — review for regulatory disruption, structural Medicaid issues, or over-leveraged distress · Senior partner heuristics: RED signal |
| seed_248BrightSpring Home Services / KKR Add-Ons | WATCH | 23.0 | AMBER | 100.0% | Medicaid 72% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_101Oak Street Health – CVS Health Acquisition | WATCH | 22.8 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_426Curo Health Services / FC/Patriot Capital add-ons | PASS | 22.8 | GREEN | 100.0% | — |
| seed_453Amedisys / LHC Group strategic position building | WATCH | 22.8 | GREEN | 100.0% | Entry multiple 16.0x above watch threshold 14x |
| seed_569CVS Health / Signify Health — Strategic Acquisition | WATCH | 22.2 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_609Help at Home / Centerbridge Partners | WATCH | 21.5 | AMBER | 50.0% | Medicaid 70% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_233Sevita (formerly RHA Health) / Charlesbank | WATCH | 21.4 | AMBER | 100.0% | Medicaid 88% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_291Modivcare / Providence Service Corp Rebranding | WATCH | 21.4 | AMBER | 88.0% | Medicaid 78% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_187Signify Health – CVS Health / Aetna Acquisition | WATCH | 20.8 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_538Oak Street Health — General Atlantic / Anchor Growth | WATCH | 20.8 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_539Iora Health — Humana Acquisition | WATCH | 20.8 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_171Bright Health Group – IPO / New Enterprise Associates Exit | FAIL | 20.5 | RED | 62.0% | Negative EBITDA $-250M — pre-profitability · Healthcare trap: total_loss_risk — Near-total loss (MOIC <0.2x) — review for regulatory disruption, structural Medicaid issues, or over-leveraged distress |
| seed_413HAH / Home at Home pediatric nursing (Pediatric Specialty Care) | WATCH | 20.5 | AMBER | 100.0% | Medicaid 85% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_434ModivCare / Providence Service add-on (personal care) | WATCH | 20.5 | AMBER | 100.0% | Medicaid 82% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_547Aveanna Healthcare — Bain Capital LBO | WATCH | 20.5 | AMBER | 62.0% | Senior partner heuristics: AMBER signal |
| seed_363SCAN Health Plan / CareOregon merger (SCAN Group) | PASS | 20.2 | GREEN | 62.0% | — |
| seed_395Vitas Healthcare / Chemed Corporation acquisition | WATCH | 20.2 | YELLOW | 100.0% | Senior partner heuristics: YELLOW signal |
| seed_397CareMore Health / Anthem acquisition | PASS | 20.2 | GREEN | 75.0% | — |
| seed_212Elara Caring / BPEA | PASS | 20.1 | GREEN | 100.0% | — |
| seed_371Gentiva Health Services / Kindred at Home merger | PASS | 20.1 | GREEN | 100.0% | — |
| seed_385United Behavioral Health / Optum BH carve-out | WATCH | 20.0 | GREEN | 100.0% | Entry multiple 16.0x above watch threshold 14x |
| seed_076Amedisys – UnitedHealth/Optum Acquisition | WATCH | 19.8 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_410Acuity Brands Healthcare / Industrial lighting spin | PASS | 19.8 | GREEN | 100.0% | — |
| seed_155Gentiva Health Services – Clayton Dubilier & Rice LBO | PASS | 19.2 | GREEN | 50.0% | — |
| seed_309GoHealth / Centerbridge Partners | PASS | 19.2 | GREEN | 100.0% | — |
| seed_085Civitas Solutions / Public Shareholders | WATCH | 19.0 | AMBER | 50.0% | Medicaid 80% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_115ModivCare – Matrix Medical Network + Simplura Health Acquisitions | WATCH | 19.0 | AMBER | 50.0% | Medicaid 75% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_131Prospect Medical Holdings – CA Hospitals Distressed Sale | FAIL | 19.0 | RED | 62.0% | Negative EBITDA $-40M — pre-profitability · Healthcare trap: total_loss_risk — Near-total loss (MOIC <0.2x) — review for regulatory disruption, structural Medicaid issues, or over-leveraged distress |
| seed_341National Mentor / Centerbridge LBO | WATCH | 19.0 | AMBER | 100.0% | Medicaid 80% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_375ModivCare (Providence Service) / Coliseum Capital LBO | WATCH | 19.0 | AMBER | 100.0% | Medicaid 72% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_438Molina Healthcare / Joseph Molina family buyout | WATCH | 19.0 | AMBER | 100.0% | Medicaid 82% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_451Pediatric Home Service / Stellus Capital specialty | WATCH | 19.0 | AMBER | 100.0% | Medicaid 88% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_586ModivCare / WCG (exit via public markets) | WATCH | 19.0 | AMBER | 62.0% | Medicaid 75% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_316Kindred at Home Hospice & Home Health Carve-Out | PASS | 18.8 | GREEN | 100.0% | — |
| seed_347Cano Health / InTandem Capital SPAC + Humana JV | FAIL | 18.8 | RED | 75.0% | Healthcare trap: total_loss_risk — Near-total loss (MOIC <0.2x) — review for regulatory disruption, structural Medicaid issues, or over-leveraged distress · Senior partner heuristics: RED signal |
| seed_208InnovaCare Health / TPG | PASS | 18.6 | GREEN | 100.0% | — |
| seed_225ChenMed / Frist Cressey Growth Investment | WATCH | 18.6 | YELLOW | 100.0% | Entry multiple 14.3x above watch threshold 14x · Senior partner heuristics: YELLOW signal |
| seed_211American Renal Associates / Nautic Partners | PASS | 18.1 | GREEN | 100.0% | — |
| seed_082Steward Health Care – MPT / Chapter 11 Restructuring | FAIL | 18.0 | AMBER | 50.0% | Negative EBITDA $-80M — pre-profitability |
| seed_147Steward Medical Group – Optum Physician Group Acquisition | FAIL | 18.0 | YELLOW | 50.0% | Negative EBITDA $-20M — pre-profitability |
| seed_167Steward Health Care – Texas Hospital Portfolio Sale | FAIL | 18.0 | YELLOW | 50.0% | Negative EBITDA $-60M — pre-profitability |
| seed_150NephroStar – Dialysis Clinic Roll-up | PASS | 17.8 | GREEN | 50.0% | — |
| seed_401Heritage Healthcare / ABRY Partners add-on roll-up | PASS | 17.8 | GREEN | 100.0% | — |
| seed_449PharMerica / BrightSpring merger (KKR + Walgreens) | PASS | 17.8 | GREEN | 100.0% | — |
| seed_159Tivity Health – Foley & Lardner / Spire Capital LBO | FAIL | 17.2 | RED | 62.0% | Senior partner heuristics: RED signal |
| seed_176Diversicare Healthcare – PE Recapitalization | PASS | 17.2 | GREEN | 50.0% | — |
| seed_415Tivity Health / Donaldson Lufkin Jenrette secondary | PASS | 17.2 | GREEN | 100.0% | — |
| seed_479Landmark Health — Optum Acquisition | WATCH | 17.2 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_540Compassus — Warburg Pincus Majority Investment | PASS | 17.2 | GREEN | 62.0% | — |
| seed_243AdaptHealth / Goldman Sachs BDC | PASS | 16.9 | GREEN | 100.0% | — |
| seed_108National Healthcare Corp – SNF Portfolio Consolidation | PASS | 16.8 | GREEN | 50.0% | — |
| seed_179Hazel Health – School-Based Health Platform Growth | FAIL | 16.8 | AMBER | 50.0% | Negative EBITDA $-8M — pre-profitability |
| seed_262InVivo Therapeutics / PACE Acquisition | PASS | 16.6 | GREEN | 100.0% | — |
| seed_194ResCare / BrightSpring Health Services – KKR IPO | WATCH | 16.5 | AMBER | 62.0% | Senior partner heuristics: AMBER signal |
| seed_323Greenway Health RCM / EHR Platform LBO | WATCH | 16.5 | GREEN | 88.0% | Entry multiple 15.8x above watch threshold 14x |
| seed_361Greenway Health / Vista Equity take-private | WATCH | 16.5 | GREEN | 88.0% | Entry multiple 20.0x above watch threshold 14x |
| ext_002HealthSpring – Cigna Acquisition | PASS | 16.2 | GREEN | 50.0% | — |
| ext_020AvMed / CareMore Health – Anthem Acquisition | PASS | 16.2 | GREEN | 62.0% | — |
| seed_075Agilon Health – Advent International / IPO | PASS | 16.2 | GREEN | 62.0% | — |
| seed_097American Renal Associates – Acacia Research / Nuvei | PASS | 16.2 | GREEN | 50.0% | — |
| seed_110ChenMed – Underhill Investment Partners Minority Recapitalization | WATCH | 16.2 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_146Alignment Healthcare – TPG Secondary Block Sale | PASS | 16.2 | GREEN | 62.0% | — |
| seed_168Landmark Health – UnitedHealth Group Acquisition | WATCH | 16.2 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_198Landmark Health / UnitedHealth Group | PASS | 16.2 | GREEN | 75.0% | — |
| seed_210VITAS Healthcare / Chemed | PASS | 16.2 | GREEN | 88.0% | — |
| seed_274Strive Health / General Catalyst | PASS | 16.2 | GREEN | 75.0% | — |
| seed_281PharMerica / KKR Acquisition | PASS | 16.2 | GREEN | 100.0% | — |
| seed_344Alignment Healthcare / General Atlantic growth equity | PASS | 16.2 | GREEN | 75.0% | — |
| seed_353Signify Health / New Mountain Capital LBO + IPO | PASS | 16.2 | GREEN | 75.0% | — |
| seed_398Crossroads Hospice / LHC Group acquisition | PASS | 16.2 | GREEN | 100.0% | — |
| seed_436Encompass Health / HealthSouth IRF spin + rebrand | PASS | 16.2 | GREEN | 100.0% | — |
| seed_459CareMore Health — Anthem Strategic Acquisition | PASS | 16.2 | GREEN | 62.0% | — |
| seed_483Alignment Healthcare — General Atlantic Investment | PASS | 16.2 | GREEN | 62.0% | — |
| seed_521LIFE Course (Enable Healthcare) — Summit Partners Growth | PASS | 16.2 | GREEN | 50.0% | — |
| seed_565Zing Health — General Catalyst / HCSC | PASS | 16.2 | GREEN | 50.0% | — |
| seed_567Papa Inc — Comcast / Tiger Global | PASS | 16.2 | GREEN | 50.0% | — |
| seed_612ChenMed / Welsh Carson | PASS | 16.2 | GREEN | 50.0% | — |
| seed_214Greenway Health / Vista Equity | FAIL | 16.0 | GREEN | 88.0% | Regulatory risk is CRITICAL |
| seed_529Azul Senior Care — WCAS SNF Platform | PASS | 15.8 | GREEN | 62.0% | — |
| seed_623Caremax – Deerfield / SPAC Distressed | FAIL | 15.8 | RED | 62.0% | Healthcare trap: total_loss_risk — Near-total loss (MOIC <0.2x) — review for regulatory disruption, structural Medicaid issues, or over-leveraged distress · Senior partner heuristics: RED signal |
| seed_018Acadia Healthcare – Waud Capital IPO Platform | WATCH | 15.5 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_245AMSURG / Envision Healthcare Merger | WATCH | 15.5 | GREEN | 100.0% | Entry multiple 16.7x above watch threshold 14x |
| seed_340ATI Physical Therapy / Advent SPAC | FAIL | 15.5 | GREEN | 88.0% | Entry multiple 22.0x exceeds max 20x |
| seed_391National Health Investors / Senior Care REIT strategic acquisition | PASS | 15.2 | GREEN | 100.0% | — |
| seed_125LifeStance Health – IPO / TPG Capital Exit | FAIL | 15.0 | AMBER | 62.0% | Negative EBITDA $-118M — pre-profitability |
| seed_222Ciox Health / Datavant Merger | FAIL | 15.0 | GREEN | 88.0% | Entry multiple 25.0x exceeds max 20x |
| seed_533Tivity Health (Healthways) — Kelso & Company | PASS | 14.8 | GREEN | 62.0% | — |
| seed_614Kindred Healthcare / TPG + Welsh Carson | PASS | 14.8 | GREEN | 62.0% | — |
| ext_006Kindred Hospital – Kindred Healthcare Integrated Platform | WATCH | 14.5 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_287Rotech Healthcare / PE Recapitalization | PASS | 14.5 | GREEN | 100.0% | — |
| seed_447Community Health Systems / Quorum Health distressed spin | PASS | 14.5 | GREEN | 100.0% | — |
| seed_400Staywell Health / Carient / Population health JV | PASS | 14.4 | GREEN | 100.0% | — |
| seed_279Sequel Youth and Family Services / Juggernaut Capital | WATCH | 14.2 | AMBER | 100.0% | Senior partner heuristics: AMBER signal |
| seed_463BrightSpring Health Services — KKR Take-Private | PASS | 14.2 | GREEN | 62.0% | — |
| seed_092Prospect Medical Holdings – Distressed Asset Sales | FAIL | 14.0 | AMBER | 50.0% | Negative EBITDA $-40M — pre-profitability |
| seed_409Hanger Prosthetics / Rehabilitation Centers acquisition | PASS | 13.9 | GREEN | 100.0% | — |
| seed_151Absolute Care – UnitedHealth Group / Optum Acquisition | PASS | 13.8 | GREEN | 62.0% | — |
| seed_158Synchrony Health Services – Kindred + Genesis Post-Acute | PASS | 13.8 | GREEN | 50.0% | — |
| seed_172Enhabit Home Health & Hospice – Encompass Health Spin-off | WATCH | 13.8 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_173Fresenius Medical Care – NephroCare Dialysis Add-ons | WATCH | 13.8 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_336Kindred Healthcare / TPG + Humana LBO | PASS | 13.8 | GREEN | 100.0% | — |
| seed_342US Renal Care / Summit Partners LBO | PASS | 13.8 | GREEN | 100.0% | — |
| seed_372American Renal Associates / Centerbridge take-private | PASS | 13.8 | GREEN | 100.0% | — |
| seed_431Nexus Health Systems / RehabCare Group add-on | PASS | 13.8 | GREEN | 100.0% | — |
| seed_584Arcadian Management Services / Nautic Partners | WATCH | 13.8 | AMBER | 62.0% | Senior partner heuristics: AMBER signal |
| seed_205Quorum Health / Bankruptcy Acquisition | PASS | 12.9 | GREEN | 100.0% | — |
| seed_242Ballad Health / Mountain States Health Alliance | PASS | 12.9 | GREEN | 88.0% | — |
| seed_310RegionalCare Hospital Partners / LifePoint Merger | PASS | 12.9 | GREEN | 100.0% | — |
| seed_105BrightSpring Health Services – KKR IPO | WATCH | 12.8 | AMBER | 62.0% | Senior partner heuristics: AMBER signal |
| seed_328BrightSpring Health Services Home & Community Care LBO | WATCH | 12.8 | AMBER | 100.0% | Senior partner heuristics: AMBER signal |
| seed_474National Mentor — Centerbridge / Vistria Group Acquisition | WATCH | 12.8 | AMBER | 62.0% | Medicaid 72% exceeds watch threshold 65% · Senior partner heuristics: AMBER signal |
| seed_494ModivCare (Providence Service) — HCBS Platform | WATCH | 12.8 | AMBER | 62.0% | Senior partner heuristics: AMBER signal |
| seed_392Inovalon / Nordic Capital + Insight Partners take-private | FAIL | 12.5 | GREEN | 75.0% | Entry multiple 55.0x exceeds max 20x |
| seed_282Summa Health / Fairview Health Affiliation | PASS | 12.2 | GREEN | 88.0% | — |
| seed_457Kindred at Home — Humana Majority Buyout | PASS | 12.2 | GREEN | 62.0% | — |
| seed_096Teladoc Health – Livongo Acquisition | FAIL | 12.0 | AMBER | 50.0% | Negative EBITDA $-120M — pre-profitability |
| seed_102Signify Health – CVS Health Acquisition | WATCH | 12.0 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_339Envision Healthcare / KKR bankruptcy exit | FAIL | 12.0 | RED | 75.0% | Healthcare trap: total_loss_risk — Near-total loss (MOIC <0.2x) — review for regulatory disruption, structural Medicaid issues, or over-leveraged distress · Senior partner heuristics: RED signal |
| seed_404TeamHealth / IPC Healthcare merger (pre-KKR) | WATCH | 12.0 | YELLOW | 100.0% | Entry multiple 16.0x above watch threshold 14x · Senior partner heuristics: YELLOW signal |
| seed_554Aledade — Andreessen Horowitz / Health Care Service | WATCH | 12.0 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_223Magellan Health / Centene Acquisition | PASS | 11.9 | GREEN | 88.0% | — |
| seed_365Envision Physician Services / AmSurg / AMSURG merger | WATCH | 11.4 | YELLOW | 100.0% | Entry multiple 15.0x above watch threshold 14x · Senior partner heuristics: YELLOW signal |
| seed_068ScionHealth – LTAC Spinoff from LifePoint/KKR | PASS | 11.2 | GREEN | 50.0% | — |
| seed_122Kindred at Home – LHC Group Acquisition (Humana Stake) | WATCH | 11.2 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_132ScionHealth – LTACH Carve-out from LifePoint / Apollo | PASS | 11.2 | GREEN | 50.0% | — |
| seed_161Lifepoint Health – Kindred Rehab Add-on Portfolio | WATCH | 11.2 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_268Outset Medical / PE Growth Round | PASS | 11.2 | GREEN | 75.0% | — |
| seed_603InnovAge Holding / Welsh Carson (PACE platform) | PASS | 11.2 | GREEN | 62.0% | — |
| seed_020Prospect Medical Holdings – Leonard Green & Partners | WATCH | 11.0 | AMBER | 62.0% | Senior partner heuristics: AMBER signal |
| seed_185VillageMD – Walgreens Boots Alliance Majority Stake | FAIL | 11.0 | AMBER | 62.0% | Negative EBITDA $-120M — pre-profitability |
| seed_444Cotiviti / Veritas Capital secondary (post-Healtheon) | FAIL | 11.0 | GREEN | 75.0% | Entry multiple 24.0x exceeds max 20x |
| seed_343TridentCare / Gridiron Capital LBO | PASS | 10.9 | GREEN | 100.0% | — |
| seed_352Matrix Medical Network / Frazier Healthcare LBO | PASS | 10.9 | GREEN | 100.0% | — |
| seed_509Sutter Health / Catholic Health — Non-Profit Benchmark | WATCH | 10.8 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_106Change Healthcare – UnitedHealth/Optum Acquisition | PASS | 10.5 | GREEN | 50.0% | — |
| seed_156Change Healthcare – UnitedHealth Group / Optum Acquisition | WATCH | 10.5 | AMBER | 50.0% | Senior partner heuristics: AMBER signal |
| seed_484Strive Health — General Atlantic / WCAS | WATCH | 10.5 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_492Summit Pacific Medical Center — Rural Hospital Distressed Sale | PASS | 10.5 | GREEN | 62.0% | — |
| seed_566Interwell Health / Cricket Health Merger — KKR | WATCH | 10.5 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_573Nuvation Bio — ARCH Venture / RTW Investments | PASS | 10.5 | GREEN | 50.0% | — |
| seed_582BrightSpring Health Services / KKR | PASS | 10.5 | GREEN | 62.0% | — |
| seed_297Envision Anesthesia / USAP | PASS | 10.4 | GREEN | 100.0% | — |
| seed_337Behavioral Health Group / Frontenac add-on acquisition | WATCH | 10.0 | AMBER | 100.0% | Senior partner heuristics: AMBER signal |
| seed_386Adreima / Revenue Cycle Management add-on (Ensemble Health) | WATCH | 10.0 | GREEN | 75.0% | Entry multiple 20.0x above watch threshold 14x |
| seed_246Healogics / Arsenal Capital | PASS | 9.9 | GREEN | 100.0% | — |
| seed_299Vanderbilt / Lifepoint Health Strategic Alliance | PASS | 9.9 | GREEN | 88.0% | — |
| seed_062BrightSpring Health Services – KKR | PASS | 9.5 | GREEN | 62.0% | — |
| seed_162ATI Physical Therapy – Advent International SPAC / Viant | WATCH | 9.5 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_380Bright Health / New Enterprise Associates growth equity | FAIL | 9.5 | RED | 75.0% | Healthcare trap: total_loss_risk — Near-total loss (MOIC <0.2x) — review for regulatory disruption, structural Medicaid issues, or over-leveraged distress · Senior partner heuristics: RED signal |
| seed_535Teladoc Health — Blackstone / HHBF Acquisition | WATCH | 9.5 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_601The Oncology Institute / Advent International | WATCH | 9.5 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_265Hanger Clinic / Welsh Carson Buyout | PASS | 9.4 | GREEN | 100.0% | — |
| seed_445MEDNAX / Sheridan Anesthesiology merger | PASS | 9.4 | GREEN | 100.0% | — |
| seed_063Mountain States Health Alliance + Wellmont → Ballad Health | WATCH | 9.0 | YELLOW | 50.0% | Senior partner heuristics: YELLOW signal |
| seed_116Acadia Healthcare – Behavioral Portfolio Add-ons 2021 | PASS | 9.0 | GREEN | 62.0% | — |
| seed_130Spring Health – General Catalyst Series D Growth Round | FAIL | 9.0 | AMBER | 50.0% | Negative EBITDA $-55M — pre-profitability |
| seed_139Carbon Health – Blackstone Growth Equity | FAIL | 9.0 | AMBER | 50.0% | Negative EBITDA $-60M — pre-profitability |
| seed_163Paladina Health – DaVita Primary Care Spin / Village MD | FAIL | 9.0 | YELLOW | 62.0% | Negative EBITDA $-15M — pre-profitability |
| seed_186Maven Clinic – Women's Health Platform Series E | FAIL | 9.0 | YELLOW | 50.0% | Negative EBITDA $-20M — pre-profitability |
| seed_190One Medical (1Life Healthcare) – Amazon Acquisition | FAIL | 9.0 | AMBER | 62.0% | Negative EBITDA $-110M — pre-profitability |
| seed_193Carrum Health – Episode-Based Surgery Platform | FAIL | 9.0 | YELLOW | 50.0% | Negative EBITDA $-5M — pre-profitability |
| seed_220BioScrip / Option Care (Merger) | WATCH | 9.0 | GREEN | 100.0% | Entry multiple 15.7x above watch threshold 14x |
| seed_367IntelliSource / Cotiviti merger (Connecture era) | WATCH | 9.0 | GREEN | 88.0% | Entry multiple 18.0x above watch threshold 14x |
| seed_370Carecore National / AIM Specialty Health merger | WATCH | 9.0 | GREEN | 88.0% | Entry multiple 20.0x above watch threshold 14x |
| seed_412Emergency Communications Network / TriZetto merger | WATCH | 9.0 | GREEN | 88.0% | Entry multiple 20.0x above watch threshold 14x |
| seed_423Navicent Health / Atrium Health merger | PASS | 9.0 | GREEN | 100.0% | — |
| seed_435One Oncology / General Atlantic + US Oncology merger | WATCH | 9.0 | GREEN | 88.0% | Entry multiple 16.0x above watch threshold 14x |
| seed_590Quartet Health / Oak HC/FT | FAIL | 9.0 | YELLOW | 62.0% | Negative EBITDA $-10M — pre-profitability |
| seed_592LifeStance Health / TPG SPAC | FAIL | 9.0 | AMBER | 50.0% | Negative EBITDA $-50M — pre-profitability |
| seed_219Essentia Health / Rural Minnesota System | WATCH | 8.9 | GREEN | 88.0% | Entry multiple 14.5x above watch threshold 14x |
| seed_249MEDNAX / Pediatrix Medical Group / Icahn | PASS | 8.9 | GREEN | 100.0% | — |
| seed_373US Physical Therapy / Kelso & Company add-on wave | PASS | 8.9 | GREEN | 100.0% | — |
| seed_017Quorum Health Corporation – CHS Spinoff | PASS | 8.5 | GREEN | 62.0% | — |
| seed_070Tivity Health – Welsh Carson Buyout | WATCH | 8.5 | YELLOW | 62.0% | Senior partner heuristics: YELLOW signal |
| seed_089US Physical Therapy – ATI Physical Therapy add-on targets | PASS | 8.5 | GREEN | 50.0% | — |
| seed_152Apria Healthcare – Owens & Minor Acquisition | PASS | 8.5 | GREEN | 50.0% | — |
| seed_294YesCare (formerly Corizon Health) / Restructuring | PASS | 8.5 | GREEN | 100.0% | — |
| seed_330Comfort Systems / Rotech Healthcare DME LBO | PASS | 8.5 | GREEN | 100.0% | — |
| seed_417Mossrehab / Moss Rehab IRF Network expansion | PASS | 8.5 | GREEN | 100.0% | — |