Council Capital

Last updated
Council Capital
Founded2000
Founder Dennis C. Bottorff
Headquarters30 Burton Hills Boulevard, ,
Website councilcapital.com

Council Capital is a private equity and venture capital healthcare firm based in Nashville, Tennessee, U.S.

Contents

History

The firm was founded in 2000 by Nashville businessman Dennis C. Bottorff as Council Ventures. [1] [2] It changed its name to Council Capital in 2011. [2] It has US$150 million of assets under management. [3]

Council Capital invests in "growth and early-growth stage health care companies." [2] It has received funding from TNInvestco. [3]

Investments

The firm invested in Senior Whole Health, a Massachusetts-based healthcare insurance company, in 2004. [4] By 2011, it sold its stake. [4]

In 2011, it invested in Payment America Systems Inc., a healthcare company which provides "total revenue cycle management" of "patient-responsibility receivables." [3]

It invested US$3.25 million in Ingenious Med, a healthcare software company headquartered in Atlanta, Georgia, in 2011. [5] By 2014, after vastly expanding its marketshare, including selling its product to the Hospital Corporation of America, Council Capital sold its stake to North Bridge Growth Equity, a private equity firm based in Massachusetts. [5]

In 2013, the firm acquired a majority stake in TMG Gases, a medical gas (including oxygen) company. [6]

In October 2018, Council Capital invested in The Center for Neurological and Neurodevelopmental Health and The Clinical Research Center of New Jersey. [7]

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References

  1. "Company Overview of Council Capital". Bloomberg Business. Retrieved November 13, 2015.
  2. 1 2 3 Nannie, Philip (September 16, 2011). "Council Ventures is now Council Capital". NashvillePost.com. Archived from the original on November 17, 2015. Retrieved November 13, 2015.
  3. 1 2 3 Nannie, Philip (November 29, 2011). "Council Capital invests in Payment America". NashvillePost.com. Retrieved November 13, 2015.
  4. 1 2 De Lombaerde, Geert (November 16, 2011). "Council sells insurer stake". NashvillePost.com. Retrieved November 13, 2015.
  5. 1 2 "Council Capital sells stake in Atlanta Inc. 5000 company". NashvillePost.com. October 22, 2014. Retrieved November 13, 2015.
  6. "Council buys majority stake in gas supplier". NashvillePost.com. July 30, 2013. Archived from the original on November 17, 2015. Retrieved November 13, 2015.
  7. "Council Capital invests in New Jersey entity". Nashville Post. 30 October 2018. Retrieved 2020-03-24.