Companies · Medical Devices

Bay State Surgical Services, LLC

TUCSON · Medical Devices · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Bay State Surgical Services, LLC — recommendation, valuation, rhythm, risks.
$602K
Total raised · real
3
Rounds
2.8×
Latest step-up
Top 68%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Sat Jul 01 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Bay State Surgical Services, LLC looks fair 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 medical devices sector profile.

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

Fair
  • Modeled value is 0.78× the median modeled value of Pre-Seed Medical Devices companies in 2016–2018 (12 peers) — value vs value, same stage and era.
  • Within the normal band (78% of peer median) for its niche.
Dormant
  • Last raise 9.0 yr ago; this sector typically re-raises about every 16 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Bay State Surgical Services, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
16.9 yr record
Peak capital year was 2017 with $297K across 1 filings.
Market position
ahead of 33% of Medical Devices peers
Capital scale is ahead of 33% of Medical Devices peers; modeled value is above 52% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2017: $297K across 1 filings.
  • Largest single filing was $297K on 2017-07-01.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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 Medical Devices

Bay State Surgical Services, LLC is one of 233 Medical Devices companies tracked from TUCSON. By capital raised it ranks in the long tail (ahead of 33% of sector peers), and mid-pack by modeled valuation est..

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

medical-devices

As reported in public records reported — not modeled.

US
Jurisdiction
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
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$5.0M$10M$15M$20MPre-Seed · 2009-07-31 Raised $200K (real) Modeled valuation $7.4M (est)$200K$7.4MPre-Seed2009Pre-Seed · 2015-05-28 Raised $105K (real) Modeled valuation $3.9M (est)$105K$3.9MPre-Seed2015Pre-Seed · 2017-07-01 Raised $297K (real) Modeled valuation $11M (est)$297K$11MPre-Seed2017+$105K+$297KCumulative $602K

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 · 2009
Pre-Seed extension$105K · 2015
Pre-Seed extension$297K · 2017

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

Modeled valuation trajectory
$10.9M
Base estimate est.
$178K
Conservative case
$124.1M
Upside case
$1.6M
Modeled post-money

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

Pre-Seed · modeled $7.4M · 2009-07-312009Pre-Seed · modeled $3.9M · 2015-05-28Pre-Seed · modeled $10.9M · 2017-07-012017
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
27%
Survival probability
11% low · 50% high
1.71×/yr
Annual markup
2.31×/yr upside case
6.0 yr
Elapsed time used
9.0 yr actual, capped for stale marks
medical devices
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
48 mo
Avg between rounds
$76K/yr
Capital velocity
16.9 yr
On record since
2009
First round
3
Rounds on file
How it compares to the market

Benchmarked against 233 companies in Medical Devices. 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) 0.2× of median
This company$602K
Sector median$2.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.0× above median
This company$297K
Sector median$296K
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$10.9M
Sector median$15.4M

Raised more than 33% of sector peers (real $). Modeled value above 52% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #9 of 12.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Magnolia Diagnostics, LLC · Pre-Seed Raised $938K · modeled $34.5M (est)Spinal Surgical Strategies, Inc. · Pre-Seed Raised $1.4M · modeled $23.4M (est)ADM Diagnostics, Inc. · Pre-Seed Raised $620K · modeled $22.8M (est)7D Surgical Inc. · Pre-Seed Raised $581K · modeled $21.4M (est)Alert Mobile Diagnostics, LLC · Pre-Seed Raised $575K · modeled $21.2M (est)Prime Surgical Center of Newport Beach, LLC · Pre-Seed Raised $425K · modeled $15.7M (est)Longhorn Surgical Services Llc · Pre-Seed Raised $336K · modeled $12.4M (est)Great Lakes Surgical Center Llc · Pre-Seed Raised $315K · modeled $11.6M (est)First Coast Surgical Services LLC · Pre-Seed Raised $470K · modeled $9.6M (est)Alapaha Florida Surgical Services, LLC · Pre-Seed Raised $641K · modeled $4.7M (est)Belleville Surgical Center Ltd · Pre-Seed Raised $124K · modeled $4.6M (est)Bay State Surgical Services, LLC (this company) Raised $602K · modeled $10.9M (est)Bay State Surgical Services, LLC
CompanyStageRaised · realValue · estvs peer med.
Magnolia Diagnostics, LLCPre-Seed$938K$34.5M2.46×
Spinal Surgical Strategies, Inc.Pre-Seed$1.4M$23.4M1.67×
ADM Diagnostics, Inc.Pre-Seed$620K$22.8M1.63×
7D Surgical Inc.Pre-Seed$581K$21.4M1.53×
Alert Mobile Diagnostics, LLCPre-Seed$575K$21.2M1.51×
Prime Surgical Center of Newport Beach, LLCPre-Seed$425K$15.7M1.12×
Longhorn Surgical Services LlcPre-Seed$336K$12.4M0.88×
Great Lakes Surgical Center LlcPre-Seed$315K$11.6M0.83×
Bay State Surgical Services, LLC this companyPre-Seed$602K$10.9M0.78×
First Coast Surgical Services LLCPre-Seed$470K$9.6M0.68×
Alapaha Florida Surgical Services, LLCPre-Seed$641K$4.7M0.33×
Belleville Surgical Center LtdPre-Seed$124K$4.6M0.33×
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$200K2009-07-31$1.1M$7.4M85%
Pre-Seed$105K2015-05-28$583K$3.9M85%
Pre-Seed$297K2017-07-01$1.6M$10.9M90%
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$200K2009-07-31
    • First recorded raise — entered as Pre-Seed.
    • 10 investors on this round.
  2. Pre-Seed$105K2015-05-28
    • Raised again after 70 mo — slower than the ~16 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
  3. Pre-Seed$297K2017-07-01
    • Raised again after 25 mo — slower than the ~16 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • Revenue band moved $0–$1M → $1M–$5M.
Intelligence
2021 ~Q2
Modeled next raise · ~48mo cadence
$840K
Modeled next size est.range $546K$1.3M
2.8×
Last step-up
$76K/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
Christopher Gleason34 other2009-07
Matthew Gleason33 other2009-07
Todd Pierce21 other2015-05
Jeffrey Gerwin12 other2009-07
Registry & provenance

Bay State Surgical Services, LLC 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
1470084
SEC CIK
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
Alapaha Florida Surgical Services, LLCMedical DevicesPre-Seed$641K$4.7Mnetwork4 shared operators · same sector · same stage
Osage ArkMo Surgical Services LLCMedical DevicesPre-Seed$819K$8.6Mnetwork4 shared operators · same sector · same stage
NWO Surgical Services, LLCMedical DevicesPre-Seed$708K$2.7Mnetwork3 shared operators · same sector · same stage
West Texas Surgical Services, LLCMedical DevicesPre-Seed$481K$12.0Mnetwork3 shared operators · same sector · same stage
First Coast Surgical Services LLCMedical DevicesPre-Seed$470K$9.6Mnetwork3 shared operators · same sector · same stage
Direct Surgical Services LLCMedical DevicesPre-Seed$461K$8.4Mnetwork3 shared operators · same sector · same stage
East Valley Surgical Services LLCMedical DevicesPre-Seed$438K$3.5Mnetwork3 shared operators · same sector · same stage
Mid-Valley Surgical Services LLCMedical DevicesPre-Seed$389K$6.5Mnetwork3 shared operators · same 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
NMS Surgical Services, LLCMedical DevicesPre-Seed$2.5M88%
First Coast Surgical Services LLCMedical DevicesPre-Seed$9.6M88%
West Texas Surgical Services, LLCMedical DevicesPre-Seed$12.0M88%
Direct Surgical Services LLCMedical DevicesPre-Seed$8.4M87%
Southeast Alabama Surgical, LLCMedical DevicesPre-Seed$1.1M87%
Southeastern Surgical Services, LLCMedical DevicesPre-Seed$3.7M86%
NWO Surgical Services, LLCMedical DevicesPre-Seed$2.7M86%
Alapaha Florida Surgical Services, LLCMedical DevicesPre-Seed$4.7M85%
Frequently asked
How much funding has Bay State Surgical Services, LLC raised?
Bay State Surgical Services, LLC has raised approximately $602K in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Bay State Surgical Services, LLC's estimated valuation?
Provath's modeled valuation for Bay State Surgical Services, LLC is approximately $10.9M (modeled range $178K–$124.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bay State Surgical Services, LLC at?
Bay State Surgical Services, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Sat Jul 01.
What does Bay State Surgical Services, LLC do and where is it based?
Bay State Surgical Services, LLC operates in the Medical Devices sector, based in TUCSON.
Explore related

See where Bay State Surgical Services, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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