Council Capital Portfolio Company Adva-Net ranked Fastest Growing Private Healthcare Company in the US by Inc. Magazine
This is Council Capital's second portfolio company receiving the coveted #1 spot in the Inc. 5000 healthcare rankings
Adva-Net, a Council Capital (“Council”) portfolio company, tops the Inc. 5000 list as the #1 fastest growing private healthcare company in the US and 13th overall. Adva-Net is the second Council Capital portfolio company to be ranked as the fastest growing private healthcare company in the country, joining former portfolio company Senior Whole Health, which was ranked #1 overall in 2008. Companies such as Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.
“We are extremely proud of Adva-Net’s ranking on the Inc. 5000 list,” said Dr. Kenneth Hannigan, CEO and President of Adva-Net. “It is an honor to be recognized with so many of America’s great entrepreneurs. Adva-Net’s growth rate is directly attributable to the desires of medical providers and insurance companies to address the growing need for quality pain management care at a reasonable cost.”
According to Inc., 2017 was the most competitive crop in the list’s history with the average company on the list having achieved a three-year average annual growth of 481%.
Adva-Net partnered with Council Capital in 2015 and has grown run-rate revenue by more than 8x over the last two and a half years. Adva-Net chose Council to gain access to its CEO Council, which is made of 34 industry-leading CEOs, as well as to collaborate with Council Capital General Partner Eric Keen who successfully partnered with Dr. Hannigan’s prior company Universal SmartComp.
Adva-Net - Headquartered in Lakewood Ranch, FL, Adva-Net (www.adva-net.com) is the nation's leading ancillary network for high-acuity workers' compensation claims, providing services for comprehensive pain management, post-acute care management, and addiction recovery. Adva-Net's clinically-driven, network solution is designed to reduce medical costs and ensure appropriate utilization throughout the continuum of care, while at the same time, lessening the administrative burden of claims organizations and medical providers.
About Council Capital:
Council Capital is a Nashville-based healthcare private equity firm with approximately $300 million of capital under management that utilizes its unique CEO Council business model to attract leading management teams and portfolio companies. Council has a longstanding history of successfully partnering with healthcare companies that will benefit from its CEO Council business model, a distinct value proposition that offers exclusive access to a top-tier group of 34 industry-leading CEOs and several strategic healthcare investors. Council Capital’s strategy involves utilizing the firm’s extensive healthcare operating and transaction experience, strategic resources and industry relationships to drive enhanced long-term sustainable growth and increase value for the exceptional companies that it partners with.
Council Capital makes control and minority investments in fast-growing healthcare companies, targeting firms with enterprise values between $10-50 million. The proceeds from our investments are used to provide shareholder liquidity or to fund key growth initiatives, including organic growth or acquisitions. The firm seeks investments on the “right side of healthcare change” where growth will accelerate as cost pressure and quality demands increase. For more details, please visit www.councilcapital.com.