Corpus Intelligence Risk Matrix 2026-04-26 00:39 UTC
Risk Matrix
352 scored deals · avg risk 40/100 · 46 sectors
🛡️ Public data only — no PHI permitted on this instance.
Scored Deals
352
realized with risk score
Avg Risk Score
40
out of 100
Sweet Spot
257
low risk / MOIC ≥ 2.0×
Danger Zone
29
high risk / MOIC < 1.0×
P50 Risk (realized)
39
winning deals
Sector
entry risk score vs realized MOIC · hover for deal name
Entry Risk vs Realized MOIC — 352 corpus deals
Low Risk / High ReturnHigh Risk / High ReturnLow Risk / Low ReturnDanger ZoneHCA Healthcare – KKR / Bain Capital LBO Sector: Unknown Risk: 46 · MOIC: 2.40×Vanguard Health Systems – Blackstone Buy Sector: Unknown Risk: 36 · MOIC: 3.10×IASIS Healthcare – TPG Capital Buyout Sector: Unknown Risk: 36 · MOIC: 2.10×Select Medical – Warburg Pincus LBO Sector: Unknown Risk: 30 · MOIC: 2.30×Envision Healthcare – KKR Buyout Sector: Unknown Risk: 48 · MOIC: 0.05×Surgery Partners – H.I.G. Capital Platfo Sector: Unknown Risk: 30 · MOIC: 1.70×Kindred Healthcare – TPG / Welsh Carson Sector: Unknown Risk: 45 · MOIC: 1.40×Steward Health Care – Cerberus Capital A Sector: Unknown Risk: 65 · MOIC: 0.00×Quorum Health Corporation – CHS Spinoff Sector: Unknown Risk: 45 · MOIC: 0.00×Acadia Healthcare – Waud Capital IPO Pla Sector: Unknown Risk: 33 · MOIC: 4.20×Prospect Medical Holdings – Leonard Gree Sector: Unknown Risk: 39 · MOIC: 0.30×EmCare Holdings – Leonard Green & Partne Sector: Unknown Risk: 39 · MOIC: 3.50×RegionalCare Hospital Partners – Foundat Sector: Unknown Risk: 34 · MOIC: 2.60×Capella Healthcare – Martin Ventures Buy Sector: Unknown Risk: 36 · MOIC: 2.10×BrightSpring Health Services – KKR Platf Sector: Unknown Risk: 50 · MOIC: 1.90×National Surgical Healthcare – H.I.G. Ca Sector: Unknown Risk: 32 · MOIC: 2.90×MultiPlan – Churchill Capital SPAC Merge Sector: Unknown Risk: 35 · MOIC: 3.20×Welsh Carson Healthcare Platform – USPI Sector: Unknown Risk: 30 · MOIC: 2.00×AvMed / CareMore Health – Anthem Acquisi Sector: Unknown Risk: 42 · MOIC: 2.50×Acadia Healthcare – Behavioral Portfolio Sector: Unknown Risk: 38 · MOIC: 2.10×Option Care Health – Walgreens Infusion Sector: Unknown Risk: 42 · MOIC: 2.80×Privia Health Group – IPO / Goldman Sach Sector: Unknown Risk: 62 · MOIC: 1.80×Agilon Health – IPO / Clayton Dubilier & Sector: Unknown Risk: 49 · MOIC: 0.70×Cano Health – SPAC / Jaws Acquisition Co Sector: Unknown Risk: 50 · MOIC: 0.05×LifeStance Health – IPO / TPG Capital Ex Sector: Unknown Risk: 44 · MOIC: 0.45×Prospect Medical Holdings – CA Hospitals Sector: Unknown Risk: 60 · MOIC: 0.10×Concentra Group Holdings – Humana Exit / Sector: Unknown Risk: 52 · MOIC: 2.40×Alignment Healthcare – TPG Secondary Blo Sector: Unknown Risk: 50 · MOIC: 0.60×Absolute Care – UnitedHealth Group / Opt Sector: Unknown Risk: 46 · MOIC: 3.80×Shields Health Solutions – Walgreens Boo Sector: Unknown Risk: 48 · MOIC: 3.20×Tivity Health – Foley & Lardner / Spire Sector: Unknown Risk: 31 · MOIC: 2.30×ATI Physical Therapy – Advent Internatio Sector: Unknown Risk: 58 · MOIC: 0.30×Paladina Health – DaVita Primary Care Sp Sector: Unknown Risk: 45 · MOIC: 1.80×Landmark Health – UnitedHealth Group Acq Sector: Unknown Risk: 45 · MOIC: 3.50×Bright Health Group – IPO / New Enterpri Sector: Unknown Risk: 49 · MOIC: 0.02×VillageMD – Walgreens Boots Alliance Maj Sector: Unknown Risk: 36 · MOIC: 0.30×Signify Health – CVS Health / Aetna Acqu Sector: Unknown Risk: 51 · MOIC: 4.50×Tenet Healthcare – USPI Control Stake Ac Sector: Unknown Risk: 26 · MOIC: 2.20×One Medical (1Life Healthcare) – Amazon Sector: Unknown Risk: 38 · MOIC: 1.50×ResCare / BrightSpring Health Services – Sector: Unknown Risk: 55 · MOIC: 1.40×Advanced Dermatology / L Catterton Sector: Unknown Risk: 36 · MOIC: 3.20×SurgCenter Development / Warburg Pincus Sector: Unknown Risk: 39 · MOIC: 3.80×Quorum Health / Bankruptcy Acquisition Sector: Unknown Risk: 61 · MOIC: 0.70×InnovaCare Health / TPG Sector: Unknown Risk: 46 · MOIC: 2.80×Elara Caring / BPEA Sector: Unknown Risk: 49 · MOIC: 2.10×Surgery Partners / H.I.G. Capital Exit Sector: Unknown Risk: 37 · MOIC: 3.50×Greenway Health / Vista Equity Sector: Unknown Risk: 44 · MOIC: 2.80×Centurion Health / Wexford Health Merger Sector: Unknown Risk: 56 · MOIC: 2.40×BioScrip / Option Care (Merger) Sector: Unknown Risk: 43 · MOIC: 3.10×Consulate Health Care / Restructuring Sector: Unknown Risk: 66 · MOIC: 0.60×Rural Metro / KKR Exit to AMR Sector: Unknown Risk: 44 · MOIC: 2.20×Behavioral Health Group / Shore Capital Sector: Unknown Risk: 43 · MOIC: 4.20×TeamHealth / Blackstone Secondary Sector: Unknown Risk: 44 · MOIC: 2.50×Veracyte / PE Growth Investment Sector: Unknown Risk: 34 · MOIC: 5.50×AdaptHealth / Goldman Sachs BDC Sector: Unknown Risk: 47 · MOIC: 2.00×Doctor on Demand / Grand Rounds Merger Sector: Unknown Risk: 36 · MOIC: 2.80×AMSURG / Envision Healthcare Merger Sector: Unknown Risk: 56 · MOIC: 0.50×Healogics / Arsenal Capital Sector: Unknown Risk: 46 · MOIC: 2.90×NVA (National Veterinary Associates) / J Sector: Unknown Risk: 56 · MOIC: 3.00×Talkspace / PE Pre-IPO Investment Sector: Unknown Risk: 50 · MOIC: 0.60×CCRM / Weinberg Capital Sector: Unknown Risk: 45 · MOIC: 3.50×InVivo Therapeutics / PACE Acquisition Sector: Unknown Risk: 57 · MOIC: 2.80×Clover Health / SPAC (Social Capital Hed Sector: Unknown Risk: 49 · MOIC: 0.15×Hanger Clinic / Welsh Carson Buyout Sector: Unknown Risk: 45 · MOIC: 2.10×Genesis HealthCare / Formation Capital Sector: Unknown Risk: 62 · MOIC: 0.40×Outset Medical / PE Growth Round Sector: Unknown Risk: 38 · MOIC: 4.50×Invitae / GeneDx Merger Sector: Unknown Risk: 53 · MOIC: 0.10×Calibrate Health / AXA Venture Partners Sector: Unknown Risk: 55 · MOIC: 0.40×US Oncology / McKesson Acquisition Sector: Unknown Risk: 38 · MOIC: 3.20×PharMerica / KKR Acquisition Sector: Unknown Risk: 48 · MOIC: 2.70×Healthcare Fund LP Secondary / Lexington Sector: Unknown Risk: 44 · MOIC: 2.30×Rotech Healthcare / PE Recapitalization Sector: Unknown Risk: 42 · MOIC: 2.50×Parsley Health / Deutsche Telekom (T-Hea Sector: Unknown Risk: 52 · MOIC: 1.80×Concentra / Humana Acquisition Sector: Unknown Risk: 44 · MOIC: 3.10×Privia Health / General Atlantic Sector: Unknown Risk: 43 · MOIC: 5.50×NextCare Urgent Care / Wellspring Capita Sector: Unknown Risk: 38 · MOIC: 3.00×Accolade Health / PE Pre-IPO Round Sector: Unknown Risk: 40 · MOIC: 3.80×PPD (Pharmaceutical Product Development) Sector: Unknown Risk: 45 · MOIC: 5.50×Pyramid Healthcare / Warburg Pincus Sector: Unknown Risk: 41 · MOIC: 3.10×Livongo Health / Teladoc Merger Sector: Unknown Risk: 45 · MOIC: 0.30×Select Medical / Welsh Carson Sector: Unknown Risk: 43 · MOIC: 4.20×GoHealth / Centerbridge Partners Sector: Unknown Risk: 37 · MOIC: 1.30×RegionalCare Hospital Partners / LifePoi Sector: Unknown Risk: 45 · MOIC: 2.50×iRhythm Technologies / Pre-IPO Round Sector: Unknown Risk: 35 · MOIC: 5.00×IPC Healthcare / TeamHealth Acquisition Sector: Unknown Risk: 44 · MOIC: 2.20×Kindred at Home Hospice & Home Health Ca Sector: home health / hospice Risk: 34 · MOIC: 3.40×Behavioral Health Group (BHG) LBO Sector: behavioral health Risk: 43 · MOIC: 4.60×Smile Brands Dental Group Recapitalizati Sector: dental Risk: 47 · MOIC: 1.20×US Renal Care Dialysis LBO Sector: dialysis Risk: 23 · MOIC: 3.10×RadNet Radiology Take-Private Sector: radiology Risk: 36 · MOIC: 0.70×Envision Healthcare Physician Staffing M Sector: physician groups Risk: 44 · MOIC: 0.10×Greenway Health RCM / EHR Platform LBO Sector: RCM / health IT Risk: 50 · MOIC: 2.30×National Veterinary Associates Add-On to Sector: veterinary (animal health Risk: 50 · MOIC: 3.80×Surgery Partners ASC Rollup LBO Sector: ASCs Risk: 38 · MOIC: 4.10×Genoptix Oncology Diagnostics Carve-Out Sector: lab diagnostics / oncolog Risk: 32 · MOIC: 2.00×Cornerstone OnDemand / Healtheon Telehea Sector: telehealth Risk: 29 · MOIC: 1.80×BrightSpring Health Services Home & Comm Sector: home health / community-b Risk: 46 · MOIC: 2.60×Integrated Oncology Network Add-On Sector: oncology Risk: 34 · MOIC: 3.30×Comfort Systems / Rotech Healthcare DME Sector: DME / home respiratory Risk: 39 · MOIC: 0.80×Aspirion Health RCM Distressed Debt-to-E Sector: RCM / health IT Risk: 38 · MOIC: 4.40×TeamHealth Physician Staffing Take-Priva Sector: physician groups Risk: 46 · MOIC: 1.10×CarepathRx Specialty Pharmacy Joint Vent Sector: pharmacy / specialty phar Risk: 45 · MOIC: 3.00×Lifepoint Health LTACH / Rehabilitation Sector: LTACH / post-acute Risk: 31 · MOIC: 2.20×Women's Care Enterprises OB/GYN Rollup Sector: women's health Risk: 37 · MOIC: 5.10×Kindred Healthcare / TPG + Humana LBO Sector: ltach_post_acute Risk: 36 · MOIC: 2.60×Behavioral Health Group / Frontenac add- Sector: behavioral_health Risk: 36 · MOIC: 3.40×One Medical / Agilon Primary Care Platfo Sector: primary_care Risk: 33 · MOIC: 3.20×Envision Healthcare / KKR bankruptcy exi Sector: emergency_medicine Risk: 40 · MOIC: 0.10×National Mentor / Centerbridge LBO Sector: home_community_based Risk: 33 · MOIC: 2.80×US Renal Care / Summit Partners LBO Sector: dialysis Risk: 26 · MOIC: 3.00×TridentCare / Gridiron Capital LBO Sector: mobile_diagnostics Risk: 37 · MOIC: 3.50×Alignment Healthcare / General Atlantic Sector: managed_care Risk: 34 · MOIC: 3.80×LifeStance Health / TPG growth equity + Sector: behavioral_health Risk: 32 · MOIC: 1.50×Cano Health / InTandem Capital SPAC + Hu Sector: primary_care Risk: 50 · MOIC: 0.10×US Acute Care Solutions / Welsh Carson L Sector: emergency_medicine Risk: 43 · MOIC: 2.30×Apria Healthcare / Blackstone take-priva Sector: dme_home_health Risk: 19 · MOIC: 3.30×Dental Care Alliance / Harvest Partners Sector: dental_dso Risk: 35 · MOIC: 3.10×Matrix Medical Network / Frazier Healthc Sector: managed_care_services Risk: 38 · MOIC: 4.00×Signify Health / New Mountain Capital LB Sector: value_based_care Risk: 30 · MOIC: 5.50×American Vision Partners / Arizona Eye C Sector: ophthalmology Risk: 37 · MOIC: 4.20×AccordantHealth / Humana spinout (Evolen Sector: population_health Risk: 37 · MOIC: 6.00×Steward Health Care / Cerberus Capital L Sector: hospital Risk: 53 · MOIC: 0.40×PhyAmerica Physician Group / Merit Healt Sector: physician_group Risk: 37 · MOIC: 2.80×Surgical Care Affiliates / United Surgic Sector: asc Risk: 29 · MOIC: 3.80×Greenway Health / Vista Equity take-priv Sector: health_it Risk: 49 · MOIC: 2.30×InfuSystem / ABRY Partners LBO Sector: infusion Risk: 42 · MOIC: 2.60×Interim HealthCare / Caring Brands Inter Sector: home_health Risk: 26 · MOIC: 2.40×Envision Physician Services / AmSurg / A Sector: physician_group Risk: 52 · MOIC: 0.50×Netsmart Technologies / GI Partners LBO Sector: health_it Risk: 41 · MOIC: 3.20×IntelliSource / Cotiviti merger (Connect Sector: health_it Risk: 40 · MOIC: 4.80×National Imaging Associates / Magellan H Sector: radiology_imaging Risk: 30 · MOIC: 2.20×Smile Direct Club / Clayton Dubilier & R Sector: dental Risk: 56 · MOIC: 0.05×Carecore National / AIM Specialty Health Sector: managed_care_services Risk: 45 · MOIC: 5.00×Gentiva Health Services / Kindred at Hom Sector: home_health Risk: 37 · MOIC: 2.50×American Renal Associates / Centerbridge Sector: dialysis Risk: 26 · MOIC: 2.20×US Physical Therapy / Kelso & Company ad Sector: physical_therapy Risk: 52 · MOIC: 1.60×ModivCare (Providence Service) / Coliseu Sector: nemt Risk: 41 · MOIC: 2.80×Lifespace Communities / Ryan Companies s Sector: senior_living Risk: 51 · MOIC: 2.10×LabCorp / Covance CRO integration Sector: lab Risk: 34 · MOIC: 2.80×DaVita Medical Group / Optum carve-out ( Sector: primary_care Risk: 50 · MOIC: 3.50×MedQuist / Nuance Communications health Sector: health_it Risk: 40 · MOIC: 2.50×Bright Health / New Enterprise Associate Sector: managed_care Risk: 36 · MOIC: 0.10×CONMED Corporation / Gyrus Medical acqui Sector: asc Risk: 34 · MOIC: 2.60×Precision Medicine Group / Warburg Pincu Sector: lab Risk: 32 · MOIC: 3.80×EXL Health / Outsourced RCM division gro Sector: rcm Risk: 41 · MOIC: 3.20×Advanced ICU Care / WindRose Health Inve Sector: health_it Risk: 41 · MOIC: 4.10×United Behavioral Health / Optum BH carv Sector: behavioral_health Risk: 41 · MOIC: 3.10×Ardent Health Services / Equity Group In Sector: hospital Risk: 40 · MOIC: 2.20×Sound Physicians / Summit Partners LBO Sector: physician_group Risk: 44 · MOIC: 3.00×Quartet Health / Oak HC/FT growth equity Sector: behavioral_health Risk: 38 · MOIC: 1.20×Pivot Health / Deerfield acquisition + p Sector: managed_care Risk: 50 · MOIC: 2.00×National Health Investors / Senior Care Sector: snf Risk: 39 · MOIC: 1.80×Global Indemnity Group / specialty healt Sector: managed_care Risk: 27 · MOIC: 2.20×Mednax / NP Pediatrics physician group r Sector: pediatrics Risk: 54 · MOIC: 1.50×Vitas Healthcare / Chemed Corporation ac Sector: hospice Risk: 34 · MOIC: 5.80×Prospect Medical Holdings / Leonard Gree Sector: hospital Risk: 45 · MOIC: 0.80×CareMore Health / Anthem acquisition Sector: managed_care Risk: 34 · MOIC: 4.00×Crossroads Hospice / LHC Group acquisiti Sector: hospice Risk: 29 · MOIC: 3.20×Surgical Directions / Waud Capital LBO Sector: asc Risk: 30 · MOIC: 3.80×Staywell Health / Carient / Population h Sector: population_health Risk: 47 · MOIC: 2.80×Heritage Healthcare / ABRY Partners add- Sector: home_health Risk: 29 · MOIC: 2.50×Physicians Endoscopy / Blue Wolf Capital Sector: asc Risk: 21 · MOIC: 3.50×National Western Life / Aon Hewitt benef Sector: managed_care Risk: 29 · MOIC: 2.10×TeamHealth / IPC Healthcare merger (pre- Sector: physician_group Risk: 47 · MOIC: 1.10×Omada Health / Andreessen Horowitz growt Sector: digital_health Risk: 30 · MOIC: 2.50×Altus Healthcare + Rehab / Revelstoke Ca Sector: physical_therapy Risk: 41 · MOIC: 2.80×InCompass Health / Elevation Oncology me Sector: oncology Risk: 40 · MOIC: 3.60×LHC Group / Almost Family merger Sector: home_health Risk: 35 · MOIC: 3.00×Hanger Prosthetics / Rehabilitation Cent Sector: dme_home_health Risk: 36 · MOIC: 2.10×Acuity Brands Healthcare / Industrial li Sector: ltach_post_acute Risk: 27 · MOIC: 2.30×WellCare / Centene merger (second deal) Sector: managed_care Risk: 45 · MOIC: 3.20×Emergency Communications Network / TriZe Sector: health_it Risk: 45 · MOIC: 4.50×HAH / Home at Home pediatric nursing (Pe Sector: home_health Risk: 31 · MOIC: 4.00×BioSig Technologies / cardiac electrophy Sector: cardiology Risk: 51 · MOIC: 0.40×Tivity Health / Donaldson Lufkin Jenrett Sector: digital_health Risk: 22 · MOIC: 2.50×Surgical Care Affiliates (SCA) / Frist & Sector: asc Risk: 24 · MOIC: 3.80×Mossrehab / Moss Rehab IRF Network expan Sector: ltach_post_acute Risk: 31 · MOIC: 2.10×Nant Health / Patrick Soon-Shiong growth Sector: health_it Risk: 45 · MOIC: 0.30×IASIS Healthcare / TPG Capital LBO Sector: hospital Risk: 42 · MOIC: 2.50×CASI Pharmaceuticals / Chinese market sp Sector: pharmacy Risk: 52 · MOIC: 0.70×BioTelemetry / Philips Healthcare acquis Sector: cardiology Risk: 49 · MOIC: 5.50×Acadia Healthcare Florida/Tennessee BH h Sector: behavioral_health Risk: 35 · MOIC: 3.00×Navicent Health / Atrium Health merger Sector: hospital Risk: 43 · MOIC: 2.00×Capio AB / Ramsay Health Care acquisitio Sector: hospital Risk: 50 · MOIC: 2.80×IPC Systems / CareMore merger (telehealt Sector: telehealth Risk: 38 · MOIC: 2.00×Curo Health Services / FC/Patriot Capita Sector: hospice Risk: 25 · MOIC: 3.40×CHC Healthcare / CareFlight Air Medical Sector: ems Risk: 46 · MOIC: 1.80×NovaBay Pharmaceuticals / Wound care spi Sector: hospital Risk: 64 · MOIC: 0.40×Fresenius Kabi / NxStage Medical acquisi Sector: dialysis Risk: 40 · MOIC: 3.80×Nexus Health Systems / RehabCare Group a Sector: ltach_post_acute Risk: 31 · MOIC: 2.40×Healtheon / WebMD Health merger (origina Sector: health_it Risk: 45 · MOIC: 0.50×AmSurg / AMSURG + Envision Premerger phy Sector: physician_group Risk: 45 · MOIC: 2.80×ModivCare / Providence Service add-on (p Sector: home_community_based Risk: 39 · MOIC: 1.90×Encompass Health / HealthSouth IRF spin Sector: ltach_post_acute Risk: 38 · MOIC: 2.50×LifePoint Health / RCCH merge + Province Sector: hospital Risk: 42 · MOIC: 2.50×Molina Healthcare / Joseph Molina family Sector: managed_care Risk: 42 · MOIC: 4.50×Dermatology Associates / Harvest Partner Sector: physician_group Risk: 35 · MOIC: 3.80×R1 RCM / TowerBrook + Ascension health s Sector: rcm Risk: 46 · MOIC: 5.00×Veritas Medical / Amsurg cardiology add- Sector: cardiology Risk: 46 · MOIC: 3.20×National Staffing Group / healthcare sta Sector: managed_care_services Risk: 30 · MOIC: 4.50×MEDNAX / Sheridan Anesthesiology merger Sector: anesthesiology Risk: 54 · MOIC: 1.40×Ankura Consulting / FTI Health group car Sector: managed_care_services Risk: 43 · MOIC: 2.80×Community Health Systems / Quorum Health Sector: hospital Risk: 51 · MOIC: 0.30×MedBridge / TA Associates physical thera Sector: digital_health Risk: 35 · MOIC: 4.20×PharMerica / BrightSpring merger (KKR + Sector: pharmacy Risk: 44 · MOIC: 2.80×Pediatric Home Service / Stellus Capital Sector: home_health Risk: 32 · MOIC: 3.30×Amedisys / LHC Group strategic position Sector: home_health Risk: 35 · MOIC: 3.50×US Dermatology Partners / BBH (Brockton) Sector: physician_group Risk: 36 · MOIC: 4.00×Envision Healthcare — KKR Take-Private ( Sector: physician_group Risk: 40 · MOIC: 0.10×Kindred at Home — Humana Majority Buyout Sector: home_health Risk: 33 · MOIC: 2.40×CareMore Health — Anthem Strategic Acqui Sector: managed_care Risk: 42 · MOIC: 3.50×Aspen Dental — Leonard Green & Partners Sector: dental Risk: 44 · MOIC: 4.20×Emergency Medical Services (EMSC) — Onex Sector: physician_group Risk: 40 · MOIC: 3.10×Healogics — Waud Capital Buyout Sector: physician_group Risk: 31 · MOIC: 3.80×BrightSpring Health Services — KKR Take- Sector: home_health Risk: 32 · MOIC: 2.80×Smile Brands — OMERS / Gryphon Investors Sector: dental Risk: 37 · MOIC: 2.20×Zotec Partners — Court Square Capital Bu Sector: health_it Risk: 26 · MOIC: 3.50×Apria Healthcare — Blackstone Take-Priva Sector: dme_home_health Risk: 23 · MOIC: 2.10×Ardent Health Services — Equity Group In Sector: hospital Risk: 41 · MOIC: 3.50×Surgery Partners — H.I.G. Capital Buyout Sector: asc Risk: 27 · MOIC: 2.20×PharMerica — KKR Acquisition (from Brigh Sector: health_it Risk: 32 · MOIC: 3.00×WebMD Health — Internet Brands / KKR Tak Sector: health_it Risk: 49 · MOIC: 3.50×American Renal Associates — Centerbridge Sector: dialysis Risk: 27 · MOIC: 2.00×Greenway Health — Vista Equity Buyout Sector: health_it Risk: 34 · MOIC: 2.50×National Mentor — Centerbridge / Vistria Sector: behavioral_health Risk: 44 · MOIC: 3.20×Acute Care / TeamHealth — Blackstone Rec Sector: physician_group Risk: 43 · MOIC: 1.40×Viad Medical Centers — Warburg Pincus In Sector: oncology Risk: 38 · MOIC: 3.60×US Oncology — McKesson Strategic Acquisi Sector: oncology Risk: 38 · MOIC: 3.20×Landmark Health — Optum Acquisition Sector: managed_care Risk: 47 · MOIC: 4.50×ExamWorks — Leonard Green & Partners LBO Sector: health_it Risk: 35 · MOIC: 2.80×Concentra — Select Medical / Humana JV Sector: physician_group Risk: 38 · MOIC: 2.50×Gastro Health — Audax Private Equity Buy Sector: physician_group Risk: 34 · MOIC: 4.50×Alignment Healthcare — General Atlantic Sector: managed_care Risk: 48 · MOIC: 3.00×TeamHealth — Blackstone Exit via Sponsor Sector: physician_group Risk: 44 · MOIC: 1.20×Option Care Health — HC Group Holdings / Sector: dme_home_health Risk: 31 · MOIC: 3.00×Covenant Physician Partners — Ares Manag Sector: asc Risk: 25 · MOIC: 3.50×Ortho Clinical Diagnostics — Carlyle LBO Sector: health_it Risk: 35 · MOIC: 2.00×EyeCare Partners — FFL Partners Buyout Sector: physician_group Risk: 42 · MOIC: 3.80×Summit Pacific Medical Center — Rural Ho Sector: hospital Risk: 67 · MOIC: 0.60×ModivCare (Providence Service) — HCBS Pl Sector: home_health Risk: 34 · MOIC: 2.50×AFC Urgent Care — Warburg Pincus Investm Sector: urgent_care Risk: 31 · MOIC: 3.50×American Family Care — Deerfield Managem Sector: urgent_care Risk: 41 · MOIC: 3.00×ATI Physical Therapy — Advent Internatio Sector: physical_therapy Risk: 56 · MOIC: 0.40×Select Physical Therapy — Welsh Carson L Sector: physical_therapy Risk: 40 · MOIC: 2.50×RadNet — Significant Acquisition / Growt Sector: radiology Risk: 42 · MOIC: 2.80×Shields Health Solutions — Oak HC/FT Buy Sector: health_it Risk: 33 · MOIC: 5.00×MedExpress Urgent Care — Optum Acquisiti Sector: urgent_care Risk: 32 · MOIC: 4.00×Comprehensive Pain Management — Acadia / Sector: behavioral_health Risk: 36 · MOIC: 3.20×Pacific Dental Services — NMS Capital Ta Sector: dental Risk: 30 · MOIC: 4.50×Castle Biosciences — Dermatology Diagnos Sector: health_it Risk: 34 · MOIC: 5.00×Surgical Notes — Providence Equity Buyou Sector: health_it Risk: 25 · MOIC: 4.00×Premise Health — Warburg Pincus Growth E Sector: managed_care Risk: 30 · MOIC: 5.50×Viant Medical / Integer Holdings — Medic Sector: health_it Risk: 34 · MOIC: 2.20×Curation Health (formerly Medicomp) — TA Sector: health_it Risk: 29 · MOIC: 4.50×InVentiv Health — Thomas H. Lee Buyout Sector: health_it Risk: 30 · MOIC: 2.00×Sound Physicians — Fresenius Medical Car Sector: physician_group Risk: 42 · MOIC: 3.50×Radiation Therapy Inc (21st Oncology) — Sector: oncology Risk: 32 · MOIC: 2.80×Veracyte — TPG Investment / IPO Sector: health_it Risk: 35 · MOIC: 4.50×InfuCare Rx — Frazier Healthcare Buyout Sector: dme_home_health Risk: 30 · MOIC: 4.80×Cotiviti — Veritas Capital LBO Sector: health_it Risk: 27 · MOIC: 3.50×Beacon Health Options — FCP Euro / Anthe Sector: behavioral_health Risk: 38 · MOIC: 2.50×Akumin — Imaging Tech LBO Sector: radiology Risk: 46 · MOIC: 0.60×CHA Health Systems — Korean PE Acquisiti Sector: hospital Risk: 58 · MOIC: 2.50×Multiplan — Hellman & Friedman LBO Sector: health_it Risk: 23 · MOIC: 1.70×Netsmart Technologies — GI Partners LBO Sector: health_it Risk: 33 · MOIC: 3.20×Accolade Health — Cigna Investment / IPO Sector: health_it Risk: 30 · MOIC: 3.00×HealthMarket / eHealth — Insurance Distr Sector: managed_care Risk: 34 · MOIC: 2.20×Azul Senior Care — WCAS SNF Platform Sector: snf Risk: 44 · MOIC: 2.50×Enclara Pharmacia — Bankers Life LBO Sector: dme_home_health Risk: 26 · MOIC: 3.80×Central Logic / Appriss Health — Roper T Sector: health_it Risk: 30 · MOIC: 3.00×Tivity Health (Healthways) — Kelso & Com Sector: managed_care Risk: 36 · MOIC: 1.50×Teladoc Health — Blackstone / HHBF Acqui Sector: health_it Risk: 54 · MOIC: 0.20×American Addiction Centers — BlackRock / Sector: behavioral_health Risk: 48 · MOIC: 0.40×Recovery Centers of America — Healthcare Sector: behavioral_health Risk: 38 · MOIC: 2.80×Oak Street Health — General Atlantic / A Sector: managed_care Risk: 48 · MOIC: 2.80×Iora Health — Humana Acquisition Sector: managed_care Risk: 48 · MOIC: 3.00×Compassus — Warburg Pincus Majority Inve Sector: hospice Risk: 25 · MOIC: 3.20×NovaBay / Wellvibe — Wound Care Rx Sector: physician_group Risk: 40 · MOIC: 3.50×SCA Health (Surgical Care Affiliates) — Sector: asc Risk: 22 · MOIC: 3.80×US Dermatology Partners — BBAI / KKR Pla Sector: physician_group Risk: 38 · MOIC: 2.80×DocuSystems / Nuvolo — HCIT CMMS Platfor Sector: health_it Risk: 30 · MOIC: 4.00×IntelliSource Health — Frazier Healthcar Sector: health_it Risk: 33 · MOIC: 5.00×Aveanna Healthcare — Bain Capital LBO Sector: home_health Risk: 39 · MOIC: 1.50×National Emergency Medical Services Auth Sector: physician_group Risk: 46 · MOIC: 2.00×Forward — SoftBank / Founders Fund Sector: managed_care Risk: 43 · MOIC: 0.00×Privia Health — Goldman Sachs / Vestar C Sector: physician_group Risk: 48 · MOIC: 3.50×Walmart Health — Walmart (Strategic) Shu Sector: managed_care Risk: 46 · MOIC: 0.00×Hims & Hers Health — Oaktree / Clients Sector: health_it Risk: 49 · MOIC: 1.50×Acuitas Health — Symphony Health / IQVia Sector: health_it Risk: 26 · MOIC: 3.00×Trean Corporation — Insurance Specialty Sector: managed_care Risk: 24 · MOIC: 2.50×naviHealth — Optum Acquisition Sector: health_it Risk: 36 · MOIC: 3.20×Covenant Physician Partners / Quad-C Sector: Anesthesiology Risk: 29 · MOIC: 4.20×Comprehensive Pharmacy Services / OMERS Sector: Specialty Pharmacy Risk: 32 · MOIC: 3.10×VillageMD / Walgreens Health Sector: Primary Care Risk: 59 · MOIC: 0.30×BrightSpring Health Services / KKR Sector: Home & Community Health Risk: 52 · MOIC: 1.80×Arcadian Management Services / Nautic Pa Sector: Behavioral Health Risk: 35 · MOIC: 3.80×ModivCare / WCG (exit via public markets Sector: NEMT / Transportation Risk: 36 · MOIC: 3.50×National Spine & Pain Centers / Waud Cap Sector: Pain Management Risk: 30 · MOIC: 3.40×AlerisLife / ABP Acquisition Sector: Senior Living Risk: 64 · MOIC: 0.80×Cano Health / SPAC / Chapter 11 Sector: Primary Care Risk: 57 · MOIC: 0.05×Quartet Health / Oak HC/FT Sector: Digital Health Risk: 26 · MOIC: 2.00×LifeScan / Platinum Equity Sector: Medical Devices Risk: 43 · MOIC: 0.90×nThrive RCM / Clearlake Capital Sector: Revenue Cycle Management Risk: 21 · MOIC: 2.80×Waystar / EQT Partners Sector: Revenue Cycle Management Risk: 30 · MOIC: 3.80×Shields Health Solutions / Summit Partne Sector: Specialty Pharmacy Risk: 29 · MOIC: 5.00×The Oncology Institute / Advent Internat Sector: Oncology Risk: 55 · MOIC: 0.30×InnovAge Holding / Welsh Carson (PACE pl Sector: Senior Care / PACE Risk: 42 · MOIC: 3.80×OrthoAmerica Spine / Clearfield Capital Sector: Orthopedics Risk: 29 · MOIC: 3.20×Apria Healthcare / Blackstone → Owens & Sector: Home Health Risk: 27 · MOIC: 2.50×Alignment Healthcare / Warburg Pincus → Sector: Medicare Advantage Risk: 43 · MOIC: 1.20×Agiliti / Thomas H. Lee Partners Sector: Healthcare Equipment Serv Risk: 35 · MOIC: 2.90×Kindred Healthcare / TPG + Welsh Carson Sector: Post-Acute / LTAC Risk: 46 · MOIC: 2.20×Acadia Healthcare – Warburg Pincus Platf Sector: Behavioral Health Risk: 29 · MOIC: 3.10×Greenbrook TMS – Mental Health Roll-Up ( Sector: Behavioral Health Risk: 65 · MOIC: 0.40×Surgery Partners – New Mountain Capital Sector: Ambulatory Surgery Center Risk: 40 · MOIC: 3.80×NovaBay Pharmaceuticals – THL Partners R Sector: Healthcare IT / RCM Risk: 24 · MOIC: 2.20×HealthChannels / ScribeAmerica – Warburg Sector: Healthcare IT / RCM Risk: 26 · MOIC: 3.30×US Anesthesia Partners – Berkshire Partn Sector: Anesthesiology Risk: 46 · MOIC: 2.80×Pediatric Associates – KKR Platform Sector: Pediatrics Risk: 42 · MOIC: 2.60×Caremax – Deerfield / SPAC Distressed Sector: Value-Based Care Risk: 63 · MOIC: 0.10×Navvis & Company – Health System Consult Sector: Healthcare Consulting Risk: 28 · MOIC: 2.90×Covenant Physician Partners – Warburg Pi Sector: Hospital-Based Physician Risk: 39 · MOIC: 3.20×American Physician Partners – Distressed Sector: Emergency Medicine Risk: 57 · MOIC: 0.60×Phreesia – PSG / SaaS Healthcare Sector: Healthcare IT / RCM Risk: 29 · MOIC: 4.80×Community Health Systems Carve-Out – Oak Sector: General Hospitals Risk: 56 · MOIC: 1.80×Premise Health / National Wellness – Inv Sector: Employer Health / On-Site Risk: 40 · MOIC: 2.40×Hims & Hers – Oaktree / Pre-SPAC Sector: Telehealth / DTC Risk: 47 · MOIC: 3.60×Aspen Dental – Ontario Teachers / Leonar Sector: Dental Risk: 36 · MOIC: 3.10×Smile Brands – Berkshire Partners recapi Sector: Dental Risk: 39 · MOIC: 2.50×Schweiger Dermatology – InTandem Capital Sector: Dermatology Risk: 30 · MOIC: 3.40×U.S. Dermatology Partners – ABRY Partner Sector: Dermatology Risk: 26 · MOIC: 2.90×Acuity Eye Group – Varsity Healthcare Pa Sector: Ophthalmology Risk: 32 · MOIC: 3.80×Eye Health America – Quad-C Management L Sector: Ophthalmology Risk: 39 · MOIC: 3.00×Forefront Dermatology – Wind Point Partn Sector: Dermatology Risk: 28 · MOIC: 3.50×Pediatrix Medical Group – CCMP Capital Sector: Physician Practice Risk: 39 · MOIC: 2.20×Women's Health USA – Frazier Healthcare Sector: Women's Health Risk: 40 · MOIC: 3.20×Unified Women's Healthcare – Welsh Carso Sector: Women's Health Risk: 42 · MOIC: 3.00×OrthoConnecticut – Revelstoke Capital Sector: Orthopedics Risk: 28 · MOIC: 3.50×OrthoSouth – Alaris Capital Partners Sector: Orthopedics Risk: 40 · MOIC: 2.80×Select Medical – Welsh Carson recapitali Sector: Post-Acute Risk: 35 · MOIC: 2.80×IntegraMed Fertility – Lee Equity Partne Sector: Fertility Risk: 29 · MOIC: 3.60×US Fertility – Amulet Capital Partners p Sector: Fertility Risk: 32 · MOIC: 3.20×CRH Medical – Ares Management take-priva Sector: Gastroenterology Risk: 21 · MOIC: 2.60×Gastro Health – KKR add-on platform Sector: Gastroenterology Risk: 29 · MOIC: 2.90×Radiology Partners – New Enterprise Asso Sector: Radiology Risk: 34 · MOIC: 5.20×National Spine & Pain Centers – Blue Wol Sector: Pain Management Risk: 35 · MOIC: 2.70×0204060801000x1x2x3x4x5x6xEntry Risk Score →Realized MOICn=3521.0×
X=entry risk (higher = riskier) · Y=realized MOIC · quadrant lines at risk=50, MOIC=2.0× · red dashed = 1.0× breakeven · colors = sector · hover dot for deal name
average entry risk vs realized MOIC outcomes
Sector Risk-Return Summary
Sector N Avg Risk P50 MOIC Loss%
Gastroenterology 2 25 2.75× 0.0%
Revenue Cycle Management 2 25 3.30× 0.0%
Healthcare IT / RCM 3 26 3.30× 0.0%
asc 8 27 3.65× 0.0%
dme_home_health 6 27 3.15× 0.0%
Dermatology 3 28 3.40× 0.0%
hospice 4 28 3.30× 0.0%
dialysis 5 29 3.00× 0.0%
digital_health 3 29 2.50× 0.0%
Fertility 2 30 3.40× 0.0%
Specialty Pharmacy 2 31 4.05× 0.0%
Orthopedics 3 32 3.20× 0.0%
Pain Management 2 32 3.05× 0.0%
ltach_post_acute 5 33 2.40× 0.0%
lab 2 33 3.30× 0.0%
home_health 11 33 2.50× 0.0%
telehealth 2 34 1.90× 0.0%
urgent_care 3 34 3.50× 0.0%
Ophthalmology 2 35 3.40× 0.0%
home_community_based 2 36 2.35× 0.0%
health_it 32 36 3.10× 9.4%
oncology 5 36 3.30× 0.0%
Anesthesiology 2 37 3.50× 0.0%
behavioral_health 11 38 3.00× 9.1%
managed_care_services 4 39 4.25× 0.0%
managed_care 19 39 2.80× 15.8%
Women's Health 2 41 3.10× 0.0%
physician_group 20 41 2.90× 10.0%
snf 2 41 2.15× 0.0%
radiology 3 41 0.70× 66.7%
Dental 3 42 3.10× 0.0%
emergency_medicine 2 42 1.20× 50.0%
population_health 2 42 4.40× 0.0%
behavioral health 2 42 6.40× 0.0%
dental 5 43 2.20× 20.0%
Behavioral Health 3 43 3.10× 33.3%
rcm 2 44 4.10× 0.0%
RCM / health IT 2 44 3.35× 0.0%
primary_care 3 44 3.20× 33.3%
Unknown 88 44 2.40× 23.9%
physician groups 2 45 0.60× 50.0%
physical_therapy 4 47 2.05× 25.0%
pharmacy 2 48 1.75× 50.0%
cardiology 3 49 3.20× 33.3%
hospital 12 50 2.10× 41.7%
Primary Care 2 58 0.17× 100.0%