Firm Overview

Varsity Healthcare Partners (VHP) is a leading lower middle-market healthcare private equity investment firm, targeting exclusively multi-site healthcare provider platforms or businesses providing outsourced services, technology, or tools to healthcare providers and/or payers. VHP’s tactical investment strategy emphasizes identifying and transacting with growth-seeking, provider-owned or founder-owned companies, leveraging VHP’s developed “buy and build” playbook to drive significant operational, managerial enhancement early in the life of each platform investment, followed by a well-resourced aggressive and multidimensional growth plan. VHP’s unique tactical investment playbook and strong track record is complimented by VHP’s distinct organizational culture, emphasizing highly collaborative engagement, strong professional accountability, and a commitment to excellence in work product and team performance. Consistent with our commitment to unconditional alignment and transparency, VHP believes that it differentiates itself as a Partner in the following ways:

  • Hands-on approach – VHP spends a tremendous amount of time working closely with company leadership to develop and execute the value creation plan.
  • Senior-level attention – The VHP team consists of highly experienced Partners and Principals to efficiently and effectively support each company.
  • Healthcare experience – The VHP team has been dedicated to healthcare services investing throughout their careers and maintains a vast network of valuable relationships.
  • Economic alignment – VHP is committed to a structure and practice that emphasizes absolute returns over current income.
  • Golden Rule – Above all else, VHP maintains an unwavering dedication to transparency and respect in all of its interactions, both internally and externally.

VHP is currently investing out of its $600 million fourth fund.

Investment Criteria

  • Focus area: Healthcare providers and outsourced services, tools, technology utilized by providers, payers
  • Investment stage: Growth equity to buyout/recapitalization
  • Investment size: Equity investments of $30 million to $100 million (or larger with co-investment partners)
  • Investment structure: Primarily control investments (with some exceptions) with founder/shareholder rollover and conservative financial leverage

Corporate E-Brochure

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