About VSCP

Private Equity Partner of Choice for Lower Middle-Market Healthcare Services Companies

Who We Are

VSCP is a private equity firm with substantial and differentiated expertise, specializing in buyouts of lower middle-market healthcare services businesses. VSCP invests on behalf of a wide array of Limited Partners, including asset management firms, family offices, pension funds, and other institutional investors.

Expertise

With over 100 combined years of analyzing and investing in healthcare services companies, VSCP's team possesses deep industry knowledge and extensive relationships with industry executives and luminaries.

Investment Philosophy

VSCP seeks to invest in lower middle-market buyouts of healthcare services companies that have historically exhibited strong cashflow characteristics and minimal reimbursement risk. We utilize conservative leverage with the aim of allowing for balance sheet capacity to fund future growth. We seek to create value by growing revenue and EBITDA both organically and via M&A tuck-ins.

Our Approach

Hands-on and operationally-focused
Founder-led businesses and corporate carve-outs
Invest in majority buyouts (control transactions)
Target conservative leverage
Source transactions through proprietary network
Typically are not buyers of PE-backed companies
Drive growth organically and through M&A

Investment Criteria

Target company EBITDA of $10M - $20M
Target equity check of $75M - $120M
Returns: Clear path to 3x MOIC (+25% IRR)
Asset-light business models/high barriers to entry
Strong cash flow generation/clean balance sheets
Limited regulatory and reimbursement risk
Multiple exit pathways

Subsectors of Focus

Physician Services

Behavioral Health
Outpatient and Provider-Based Services
Physician Outsourcing
Post-Acute / Home Health
Practice Consulting and Services
Revenue Cycle and Payment Services

Life Sciences Services

Biopharma Services
Contract Manufacturing
Consulting
CRO Services
Medical Supply Services
Packaging
Pharmaceutical Commercialization
Pharmaceutical Distribution
Real World Evidence
Research
Specialty Distribution

Hospital Services

Billing and Coding
Business Intelligence
Clinical Documentation Improvement / Support
Laboratory Services
Diagnostics
Healthcare Technology
Health System Logistics / Distribution
Medical Products
Medical Staffing

Payor Services

Cost Containment / Payment Integrity
Patient Engagement
Payment Integrity
Payor Outsourcing
Value-Based Care

Consumer-Oriented Healthcare

Aesthetic Medicine
Animal Health
Consumer Wellness
Dental

Firm History

Founded in 2014, the firm traces a professional history that goes back over 25 years. Throughout that time, we have built deep relationships with many of corporate America’s most successful healthcare organizations and executives. Since its inception, VSCP has consummated 41 transactions across 10 platform businesses and has deployed ~$730 million of equity capital.