Companies · Healthtech

Alternate Health Corp.

VANCOUVER · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Alternate Health Corp. — recommendation, valuation, rhythm, risks.
$8.9M
Total raised · real
7
Rounds
0.2×
Latest step-up
Top 34%
Sector rank · raised
Seed
Latest stage · inferred · Thu Oct 11 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Alternate Health Corp. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the healthtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.15× the median modeled value of Seed Healthtech companies in 2016–2018 (148 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.7 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Healthtech

Alternate Health Corp. is one of 2138 Healthtech companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 67% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2014
Year incorporated
2018-10-11
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$25M$50M$75M$100MPre-Seed · 2017-01-20 Raised $200K (real) Modeled valuation $6.9M (est)Pre-Seed2017Seed · 2017-03-06 Raised $3.6M (real) Modeled valuation $99M (est)Seed2017Seed · 2017-04-13 Raised $2.0M (real) Modeled valuation $55M (est)Seed2017Seed · 2017-12-13 Raised $352K (real) Modeled valuation $9.8M (est)Seed2017Seed · 2017-12-13 Raised $571K (real) Modeled valuation $16M (est)Seed2017Seed · 2018-08-31 Raised $1.9M (real) Modeled valuation $54M (est)Seed2018Seed · 2018-10-11 Raised $300K (real) Modeled valuation $8.3M (est)Seed2018+$3.6M+$2.0M+$352K+$571K+$1.9M+$300KCumulative $8.9M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$200K · 2017
Seed$3.6M · 2017
Seed extension$2.0M · 2017
Seed extension$352K · 2017
Seed extension$571K · 2017
Seed extension$1.9M · 2018
Seed extension$300K · 2018

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$8.3M
Base estimate est.
$254K
Conservative case
$65.3M
Upside case
$1.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $6.9M · 2017-01-202017Seed · modeled $99.2M · 2017-03-06Seed · modeled $55.3M · 2017-04-13Seed · modeled $9.8M · 2017-12-13Seed · modeled $15.8M · 2017-12-13Seed · modeled $53.7M · 2018-08-31Seed · modeled $8.3M · 2018-10-112018
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.57×/yr
Annual markup
2.05×/yr upside case
6.0 yr
Elapsed time used
7.7 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
3 mo
Avg between rounds
$5.2M/yr
Capital velocity
9.4 yr
On record since
2017
First round
7
Rounds on file
How it compares to the market

Benchmarked against 2138 companies in Healthtech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 2.0× above median
This company$8.9M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$300K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$8.3M
Sector median$33.8M

Raised more than 67% of sector peers (real $). Modeled value above 30% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #148 of 148.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Carie Health, LLC · Seed Raised $4.0M · modeled $110.9M (est)Prepared Health, Inc. · Seed Raised $4.2M · modeled $110.9M (est)Hancock Medical, Inc. · Seed Raised $5.0M · modeled $109.4M (est)PGCS PC Tapestry Tallahassee Assisted Living & Memory Care LP · Seed Raised $3.9M · modeled $108.1M (est)Bedford Population Health, LLC · Seed Raised $3.9M · modeled $107.7M (est)True North Health Navigation LLC · Seed Raised $3.8M · modeled $104.3M (est)Fresenius Medical Care White Oak, LLC · Seed Raised $3.7M · modeled $103.1M (est)Fresenius Medical Care Secaucus, LLC · Seed Raised $3.7M · modeled $101.5M (est)AES Compassionate Care LLC · Seed Raised $3.5M · modeled $96.5M (est)Northwest Medical Isotopes, LLC · Seed Raised $5.0M · modeled $96.4M (est)Sopris Health, Inc. · Seed Raised $3.4M · modeled $95.4M (est)Fresenius Medical Care Perth Amboy, LLC · Seed Raised $3.4M · modeled $94.0M (est)Alternate Health Corp. (this company) Raised $8.9M · modeled $8.3M (est)Alternate Health Corp.
CompanyStageRaised · realValue · estvs peer med.
Carie Health, LLCSeed$4.0M$110.9M1.97×
Prepared Health, Inc.Seed$4.2M$110.9M1.97×
Hancock Medical, Inc.Seed$5.0M$109.4M1.94×
PGCS PC Tapestry Tallahassee Assisted Living & Memory Care LPSeed$3.9M$108.1M1.92×
Bedford Population Health, LLCSeed$3.9M$107.7M1.91×
True North Health Navigation LLCSeed$3.8M$104.3M1.85×
Fresenius Medical Care White Oak, LLCSeed$3.7M$103.1M1.83×
Fresenius Medical Care Secaucus, LLCSeed$3.7M$101.5M1.80×
AES Compassionate Care LLCSeed$3.5M$96.5M1.71×
Northwest Medical Isotopes, LLCSeed$5.0M$96.4M1.71×
Sopris Health, Inc.Seed$3.4M$95.4M1.70×
Fresenius Medical Care Perth Amboy, LLCSeed$3.4M$94.0M1.67×
Alternate Health Corp. this companySeed$8.9M$8.3M0.15×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$200K2017-01-20$1.1M$6.9M90%
Seed$3.6M2017-03-06$17.9M$99.2M90%
Seed$2.0M2017-04-13$10.0M$55.3M90%
Seed$352K2017-12-13$1.8M$9.8M90%
Seed$571K2017-12-13$2.9M$15.8M90%
Seed$1.9M2018-08-31$9.7M$53.7M90%
Seed$300K2018-10-11$1.5M$8.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$200K2017-01-20
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Seed$3.6M2017-03-06
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 17.9× larger than the prior — scaling up.
    • 36 investors on this round.
  3. Seed$2.0M2017-04-13
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Seed$352K2017-12-13
    • Came back fast: 8 mo vs the ~14 mo sector norm.
    • Round 5.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Seed$571K2017-12-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 1 investor on this round.
  6. Seed$1.9M2018-08-31
    • Raised 9 mo later, in step with the ~14 mo sector norm.
    • Round 3.4× larger than the prior — scaling up.
    • 10 investors on this round.
  7. Seed$300K2018-10-11
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 6.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~3mo cadence
$300K
Modeled next size est.range $300K$480K
0.2×
Last step-up
$5.2M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Michael Murphy20 other2017-12
Marcelin O'Neill2 other2017-01
Michael E. Murphy2 other2017-04
Adam Desmond1 other2017-03
Jamison Feramisco1 other2017-03
Michael English1 other2017-03
Adam E. Desmond2017-04
Bernard J. Rice2017-12
Bryan Korba2017-03
Chris Boling2017-12
Jade Green2017-12
James E. Griffiths2017-04
James E. Tykoliz2017-04
James Griffiths2017-12
James Tykoliz2017-01
Jamison E. Feramisco2017-04
Jay Briggs2017-12
Jeff Langenbach2018-08
Jim Griffiths2017-01
Kristin J. Taylor2017-12
Marcelin E. O'Neill2017-04
Marcelin J. O'Neill2017-12
Marjorie Sanderson2017-01
Michael E. English2017-04
Registry & provenance

Alternate Health Corp. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1695838
SEC CIK
2014
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
WFS Home Care Enterprises, Inc.HealthtechSeed$8.7M$9.9Msame sector · same stage
Bainbridge Health, Inc.HealthtechSeed$9.3M$10.9Msame sector · same stage
Kyra Medical, Inc.HealthtechSeed$8.4M$5.7Msame sector · same stage
Wellness by Wishlist, Inc.HealthtechSeed$7.9M$4.6Msame sector · same stage
Maui Wellness Group, LLCHealthtechSeed$11.0M$12.7Msame sector · same stage
E-Health Records International, Inc.HealthtechSeed$12.3M$7.6Msame sector · same stage
Healthstream IncHealthtechSeed$6.4M$9.6Msame sector · same stage
Lightfield Medical, Inc.HealthtechSeed$6.1M$9.2Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
WELL Health Technologies Corp.HealthtechSeed$92.8M90%
Emergent Health Corp.HealthtechPre-Seed$3.4M89%
Innovative Health LlcHealthtechSeries A$112.9M89%
What About Health, Inc.HealthtechPre-Seed$7.6M88%
HealthNEXT, LLCHealthtechPre-Seed$510K88%
Alternative Medical Enterprises, LLCHealthtechSeries A$237.0M88%
Redirect Health, LLCHealthtechSeed$29.5M88%
Next Healthcare Inc.HealthtechPre-Seed$8.1M87%
Frequently asked
How much funding has Alternate Health Corp. raised?
Alternate Health Corp. has raised approximately $8.9M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Alternate Health Corp.'s estimated valuation?
Provath's modeled valuation for Alternate Health Corp. is approximately $8.3M (modeled range $254K–$65.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Alternate Health Corp. at?
Alternate Health Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Oct 11.
What does Alternate Health Corp. do and where is it based?
Alternate Health Corp. operates in the Healthtech sector, based in VANCOUVER.
Explore related

See where Alternate Health Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Alternate Health Corp., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.