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Investment Criteria

Lifespan Equity invests in growing lower-middle-market businesses that have earned positive reputation with their customers and employees and achieved consistent financial success.

Even with their financial success, prospective businesses often may lack full management team, management processes, systems, financial controls, and strategic business plans that other private equity firms may require to invest. We welcome the opportunity to develop the missing pieces in a partnership with you. 

Our independence allows us the flexibility that many other investors may lack. We can structure each investment according to the actual needs of the business, its operators, and its owners.


We do this discretely, respectfully, and with utmost confidentiality with respect to businesses we partner with.  
Doctor Using Digital Tablet
Home Nurse Examining Patient
Test Tubes

Financial Profile

  • $10m+ Revenue 

  • $2m to $15m EBITDA 

  • $5m to $20m ARR

Investment Strategies

  • Buy-and-build via M&A 

  • Organic growth acceleration

Transaction Types

  • Majority control investments

  • Significant minority investments

  • Management buyouts

  • Full or partial recapitalizations

  • Niche industry consolidations

  • Family successions

  • No distress special situations

Business Models

  • Outsourced services

  • Tech-enabled solutions

  • Software 

  • Niche products & distribution 

  • Multi-site, home or facility-based

  • Franchisor / multi-unit franchisee

Investment Attributes

  • Founder or family owned

  • Owner or management operated

  • Leading local market position

  • Mission-critical outsourced services

  • Differentiated products 

  • Recurring and high-visibility revenue

  • Strong customer stickiness

  • Multiple levers for growth

  • Asset-lite and scalable

  • Low growth capex requirements

  • History of stable free cash flows

  • History of sustainable organic growth

  • History of compliance

  • Low reimbursement risk

  • Low technology risk

  • Based in the U.S. 

Core Sectors

 Healthcare

  • Outsourced pharma services

  • Specialty pharmacy & infusion services

  • Outsourced pharmacy services

  • Outsourced life sciences services

  • Outsourced medical device services

  • Outsourced payor services

  • Employer health services

  • Health & wellness services

  • Outsourced healthcare provider services

  • Revenue cycle management

  • Staffing & workforce management services

  • Education, training & credentialing 

  • Post-acute care services - home health & hospice

  • Behavioral & mental health services

  • Dental services organizations

  • Outsourced healthcare provider practice mgmt.

  • Animal health products and services

  • Medical products & diagnostics

  • Life sciences diagnostics & tools

  • Supply chain solutions & niche distribution

 Business Services

  • Outsourced benefit management

  • Outsourced payroll & HR services

  • Outsourced billing & revenue cycle mgmt.

  • Managed IT service providers

  • Logistics & supply chain services

  • Corporate training & credentialing

  • Advertising & marketing services

  • Decontamination & cleaning services

  • Outsourced property services

 Information Technology

  • Vertical software, primarily healthcare

  • Revenue cycle mgmt. software

  • Privacy & cyber security solutions

  • Patient intake management

  • Business analytics 

  • Other tech-enabled solutions

 Consumer

  • Consumer health & products 

  • Beauty / aesthetics products & services 

  • Nutritional supplements

  • Food & beverage

  • Pet care & products

  • Education products & services 

  • Youth enrichment products & services

© 2023 by Lifespan Equity Partners

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