US HealthVest Funding, Investors & Competitors

US HealthVest has raised $106M across 4 funding rounds, most recently a $10M Series A in May 2018.

Last US HealthVest funding round

$10M

Series A · May 2018

Cumulative funding US HealthVest raised

$106M

across 4 funding rounds

Key investors in US HealthVest

  • F-Prime
  • Polaris Partners
  • Richard Kresch
  • Oak HC/FT
  • Jonathan Bush
  • Carl Byers
  • George Conrades
  • Trevi Health Ventures

US HealthVest Overview

About US HealthVest

US HealthVest is a behavioral healthcare operator focused on psychiatric hospitals through de novo developments and acquisitions. Based in Franklin, Tennessee, the firm manages facilities offering inpatient and outpatient services for diverse patient groups, including adolescents, adults, and geriatric populations. Its portfolio includes multiple sites with specialized programs in crisis stabilization, substance abuse treatment, and dual diagnosis care. The senior team previously built Ascend Health, which grew to nine freestanding hospitals with 900 beds before its 2012 sale to Universal Health Services, and Heartland Health Developments, sold to Psychiatric Solutions in 2004. US HealthVest emphasizes operational turnarounds and multi-service lines to meet regional demands.


Founded

2012

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2C

Revenue model

Services

US HealthVest Funding History

US HealthVest has raised a total of $106M across 4 funding rounds.

US HealthVest's first fundraising round was a $36M Series A in March 2013. The most recent completed round was a $10M Series A in May 2018.

US HealthVest funding rounds

US HealthVest funding rounds
DateStageInvestorsRaisedDeal Summary
May 2018Series A-$10MUS HealthVest is a healthcare company operating urgent care and occupational health centers across multiple U.S. markets. The company raised $10 million in November 2018 and subsequently a $30 million loan in April 2019. Specific post-money valuation, revenue, and EBITDA figures for the October 2018 timeframe are not available in public sources.
Jun 2016Series BOak HC/FT (lead); Polaris Partners; F-Prime; Richard Kresch$50MUS HealthVest (USHV) is a developer and operator of behavioral health facilities, focusing on expanding coverage in a $16 billion sub-segment with a supply-demand imbalance due to a 42% decline in psychiatric hospital beds over the last two decades. On June 30, 2016, the company announced a $50 million Series B funding round led by Oak HC/FT, with participation from Polaris Partners, F-Prime Capital Partners, and Richard A. Kresch, M.D., to support acquisitions, de-novo opportunities, and debt structuring for construction projects. The funding aligns with increased demands from expanded mental health coverage under the ACA and CMS's decision to lift the IMD exclusion. US HealthVest is led by a management team with over 20 years of collaboration, having operated 14 successful hospitals including 5 de-novos across three companies.
Apr 2015Series A-$10M-
Mar 2013Series APolaris Partners (lead); Jonathan Bush; F-Prime; Trevi Health Ventures; Richard Kresch; Carl Byers; George Conrades$36MUS HealthVest, LLC, founded in 2012 and based in New York, NY (later noted in Fort Worth), focuses on acquiring and developing psychiatric facilities emphasizing specialized, high-quality patient care. The company was led by Richard Kresch, MD, former head of Ascend Health, a Polaris-backed provider of nine freestanding behavioral health facilities with nearly 900 beds before its 2012 acquisition. On March 4, 2013 (reported as approximately April 3), US HealthVest raised $36 million in a Series A round led by Polaris Partners, with co-investors including co-founder Richard Kresch, Fidelity Biosciences (F-Prime), George Conrades, Trevi Health Ventures, Jonathan Bush of athenahealth, Carl Byers (former athenahealth CFO), and management team members. The funding supported expansion in mental health services, addressing needs for improved patient care through high-quality programs and cost-effective structures, as highlighted by Polaris partner Brian Chee and Fidelity's Jon Lim. Sources indicate this was the first of multiple rounds, with total funding reaching $125.25M to $161M across 8 rounds by 2019, including later debt financing like $55M or $30M from Silicon Valley Bank in April 2019, and investors such as Eight Roads Ventures and Oak HC/FT. US HealthVest completed one acquisition (Vista Health) and had 15 employees as of 2017. The company also made investments, such as in Urgent Care Centers of New England (Series C, $9.22M in 2015).

Who has invested in US HealthVest?

8 investors have backed US HealthVest across its funding rounds, including F-Prime, Polaris Partners, Richard Kresch, Oak HC/FT, Jonathan Bush and Carl Byers.

Lead investors include Oak HC/FT and Polaris Partners.


US HealthVest Investors

Investors in US HealthVest by funding rounds participated
InvestorHQRoundsRoleFirst check
Polaris PartnersUnited StatesBoston, MA2LeadMar 2013
F-PrimeUnited StatesUnited States2ParticipantMar 2013
Richard KreschUnited StatesNew York City, NY2ParticipantMar 2013
Jonathan BushUnited StatesUnited States1ParticipantMar 2013
Trevi Health VenturesUnited StatesNew York City, NY1ParticipantMar 2013
Oak HC/FTUnited StatesGreenwich, CT1LeadJun 2016

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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US HealthVest Competitors

US HealthVest competitors include listed companies like Fortis Healthcare, UnitedHealth Group, HCA Healthcare and Alcon, and private ones like Myhealth Medical Group and IVC Evidensia.

Public and private companies comparable to US HealthVest
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Fortis HealthcareIndiaIndiaPublicly listed$943M$215M$7B7.1x
Myhealth Medical GroupAustraliaSydneyPrivate-$15M$134M-
UnitedHealth GroupUnited StatesUnited StatesPublicly listed$448B$23B$337B0.9x
HCA HealthcareUnited StatesUnited StatesPublicly listed$76B$16B$93B1.9x
AlconSwitzerlandSwitzerlandPublicly listed$10B$2.6B$31B3.3x
IVC EvidensiaUnited KingdomBristolPrivate--$14B-

US HealthVest Public Comps

US HealthVest is still privately-owned, but its public comps include UnitedHealth Group, HCA Healthcare, Alcon, Fresenius, Dr. Sulaiman Al Habib, Tenet Healthcare, IHH Healthcare, Rede D'Or São Luiz, Apollo Hospitals and Encompass Health.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
UnitedHealth Group$448B$23B0.9x0.9x16.7x13.3x
HCA Healthcare$76B$16B1.9x1.9x9.4x9.4x
Alcon$10B$2.6B3.4x3.3x13.4x12.5x
Fresenius$26B$4.2B1.6x1.6x10.1x9.4x
Dr. Sulaiman Al Habib$3.7B$927M6.4x5.9x25.2x24.7x
Tenet Healthcare$21B$4.5B1.7x1.6x8.1x7.5x
IHH Healthcare$6.3B$1.5B3.3x3.0x13.8x13.6x
Rede D'Or São Luiz$11B$1.3B1.7x1.6x14.3x8.4x

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Common questions about US HealthVest

When was US HealthVest founded?US HealthVest was founded in 2012.
Where is US HealthVest headquartered?US HealthVest is headquartered in New York City, NY, United States.
Is US HealthVest publicly listed?No, US HealthVest is a private, VC-backed company.
How much funding has US HealthVest raised?US HealthVest has raised $106M across 4 funding rounds.
What was US HealthVest's last funding round?US HealthVest's last funding round was a $10M Series A in May 2018.
Who are US HealthVest's investors?US HealthVest's investors include Polaris Partners, F-Prime, Richard Kresch, Jonathan Bush, Trevi Health Ventures, Oak HC/FT, Carl Byers and George Conrades.
Which companies are comparable to US HealthVest?Companies comparable to US HealthVest include Fortis Healthcare, Myhealth Medical Group, UnitedHealth Group, HCA Healthcare, Alcon and IVC Evidensia.

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