Council Capital
Founded2000
FounderDennis C. Bottorff
Headquarters30 Burton Hills Boulevard,
Nashville, Tennessee
,
United States
Websitecouncilcapital.com

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

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]

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.
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