Nashville, TN. (June 5, 2024) — Council Capital, a prominent healthcare-focused private equity firm, has partnered with Allegiant Managed Care, a proactive nurse case management company providing services within workers’ compensation and other property & casualty insurance lines. Terms of the transaction, which closed on April 24, 2024, were not disclosed.
“We were attracted to Allegiant Managed Care’s culture of excellent client engagement, embodied by employees at all levels of the organization who do whatever it takes to provide quality outcomes.” said Grant Jackson, Managing Partner of Council Capital. “Through strong customer relationships and superior service, Allegiant Managed Care has built a reputation for quality, white-glove services that stands out among competitors as a captain of advocacy for injured workers.”
Based in Pittsburgh, Pennsylvania, Allegiant Managed Care provides vocational and nurse case management services to insurance carriers and third-party administrators across 20 states east of the Mississippi. The company employs a deep bench of nurse and vocational case managers who provide field, vocational, catastrophic, telephonic, and specialty case management services to help injured workers navigate the complexities of the workers’ compensation system and contain payor costs.
“For decades, we’ve seen this approach produce excellent outcomes for injured workers and billions of dollars in cost savings for employers and their insurance carriers,” said Allegiant Managed Care President and Founder Dave Miller. “Our clients and their employees report high levels of satisfaction, and we are thrilled to collaborate with Council Capital on the next steps in our journey.”
Council Capital’s investment will be used to scale Allegiant Managed Care’s services and introduce them into more states and lines of insurance business. “One of the reasons we decided to partner with Council Capital was to access the wealth of healthcare and workers’ comp industry knowledge and support found in its CEO Council,” Miller said.
ABOUT ALLEGIANT MANAGED CARE
Based in Pittsburgh, Pennsylvania, Allegiant Managed Care was founded in 1992 by Dave Miller. Allegiant Managed Care offers an array of workers’ compensation and injury benefit services that include medical case management, vocational case management and specialty services such as Life Care Plans, liability record reviews, medical cost projections and Medicare Set Asides. The company delivers tailored solutions through a dedicated team of results-driven case managers with a commitment to providing the best possible services to injured workers.
ABOUT COUNCIL CAPITAL
Council Capital is a healthcare-focused private equity firm based in Nashville, Tennessee. The firm invests in lower middle-market healthcare companies ($10-100M enterprise value) positioned on the “right side of change” in the healthcare industry, where growth aligns with increasing cost pressure and quality demands. Council Capital’s unique model supports management teams in business growth by leveraging the relationships and resources of its CEO Council, Strategic Healthcare Investors, and Value Creation Team.
The Council network, anchored by its CEO Council of 34 senior private and public sector executives who have personally invested over $140M in Council Capital funds, maintains direct relationships with payers, providers, and employers, representing more than 60% of the country’s managed care lives, numerous provider organizations, and millions of self-insured lives.