Creative Health Capital

What Creative Health Capital does

Creative Health Capital (CHC) is a Chicago-based merchant bank and private equity firm founded in 2001 by Daniel A. Brown that focuses exclusively on the healthcare industry. Originally structured as a healthcare-focused investment banking and financial advisory business, the firm shifted its activities to principal investing in 2018, providing equity capital to lower middle market healthcare companies in partnership with management teams. CHC targets companies with revenue between $20 million and $100 million and EBITDA between $2 million and $20 million, with a demonstrated track record of growth and profitability, concentrating on post-acute care and ancillary sectors including long-term care/senior housing, retail and institutional pharmacy, home health, physician practices, RCM/billing, therapy/pain management, ambulatory surgery centers, and specialty hospitals.

The firm is not a technology company; its offering is investment capital and transaction expertise. CHC structures a range of transactions including growth capital, majority buyouts, recapitalizations, buyouts of non-core corporate divisions, management buyouts, and acquisitions of healthcare-supported real estate, taking both control and minority equity positions. Deal sourcing is relationship-driven rather than outbound, leveraging an extensive network of healthcare-focused lenders, REITs, and strategic and private equity investors to generate proprietary deal flow at attractive valuations. Revenue mechanics for the firm are consistent with a principal-investing model—returns realized through value creation and eventual exits—though no fee, carry, or fund-size details are disclosed.

Since refocusing on principal investing in 2018, CHC has originated three platform company investments, one of which was successfully exited in 2024. Current portfolio holdings include Aspire Senior Living (skilled nursing and long-term care communities) and Impact Medical (medical supplies and billing solutions for long-term care facilities); realized investments include Wound Care Plus (a multi-site mobile wound practice) and Summit BHC (a nationwide behavioral health and addiction treatment provider). The firm is founder-owned and small in professional headcount, led by Daniel Brown (Founder and Managing Director), Michael V. Brody (Managing Director, CPA, CFA, joined 2016), and Victor Shevlyagin (Vice President).

Name

Creative Health Capital

Legal name

Creative Health Capital

Website

https://chcapital.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

Creative Health Capital is a Chicago-based, healthcare-focused private equity/merchant bank providing equity capital to lower middle market healthcare companies ($20-100M revenue, $2-20M EBITDA), specializing in post-acute care through growth capital, buyouts, and recapitalizations alongside management teams.

Ownership category

akta.pro rank

Product category

Private Equity / Healthcare Investment Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Healthcare & Life Sciences Growth Equity (FSANACAB)

Keywords

• Healthcare private equity
• Growth capital investments
• Lower middle market
• Post-acute care investing
• Management buyouts

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Private Equity Returns: The firm generates returns through equity investments in healthcare companies. They have originated 3 platform company investments since refocusing on principal investing in 2018, with one successful exit in 2024. Returns are realized through value creation initiatives and eventual exits.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Creative Health Capital is a healthcare-focused private equity firm that provides equity capital to lower middle market healthcare companies in partnership with management teams. The firm structures various transaction types including growth capital, majority buyouts, recapitalizations, non-core division buyouts, management buyouts, and healthcare real estate acquisitions. Investments target healthcare companies with $20-100 million in revenue and $2-20 million in EBITDA, with sector emphasis on post-acute care and ancillary healthcare services.

Product overview

Creative Health Capital is a healthcare-focused private equity firm that provides equity capital to lower middle market healthcare companies in partnership with management teams. The firm does not offer a unified product platform but rather investment and advisory services, with portfolio companies including Aspire Senior Living (skilled nursing and long-term care communities), Impact Medical (medical supplies and billing solutions for long-term care facilities), Wound Care Plus (multi-site mobile wound practice), and Summit BHC (behavioral health and addiction treatment services).

Differentiator

Problem solved

Functional benefit

Products and services

• Growth Capital

Quantifiable outcome

• All investments have grown both revenues and earnings under CHC guidance, creating significant value for investors and company founders who retained significant equity stakes post-investment

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• The Vistria Group: Healthcare-dedicated middle-market private equity firm investing across the care continuum (senior living, behavioral health, post-acute). Highly comparable to CHC in sector focus, lower-middle-market check size, and relationship-driven sourcing.
• Petra Capital Partners: Healthcare-focused private equity firm investing in lower-middle-market healthcare services and technology companies. Comparable in sector specialization, middle-market check size, and growth-equity orientation.
• Linden Capital Partners: Healthcare-dedicated middle-market PE firm investing in healthcare services, providers, and life sciences. Comparable in niche healthcare focus and middle-market transaction size.
• WindRose Health Investors: Healthcare-only private equity firm focused on lower-middle-market healthcare services and post-acute providers. Directly comparable in fund size, sector focus, and proprietary deal-flow approach.

Broad incumbents

• Avista Capital Partners: Healthcare-specialist private equity firm investing in middle-market healthcare companies. Larger and broader incumbent with overlapping sector focus on healthcare services and providers.
• TPG Capital (TPG Healthcare): Mega-cap private equity firm with a dedicated healthcare practice across providers, services, and life sciences. Represents the broad incumbent end of the healthcare PE competitive set.
• New Mountain Capital: Large private equity firm with a dedicated healthcare services practice. Comparable in healthcare services investment focus but operating at significantly greater fund size.
• Genstar Capital: Large private equity firm with an active healthcare services and post-acute vertical. Competes for similar healthcare lower-middle-market assets but at materially larger fund size.
• Shamrock Capital Advisors: Investment firm with active healthcare services and post-acute care investment themes. Comparable in healthcare services specialization with broader mandate including media and content.
• Welsh, Carson, Anderson & Stowe: Healthcare-dedicated growth equity firm with multiple decades of track record in healthcare services and providers. Broader and larger incumbent operating in the same healthcare PE space with multi-billion-dollar funds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/creative-health-capital-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Creative Health Capital