Diligence memo · auto-generated · as of July 2, 2026
Cardinal Spine, LLC
Cardinal Spine, LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Cardinal Spine, LLC operates in Other Health Care, based in LOUISVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Cardinal Spine, LLC has raised $748K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $1.3M on 2013-07-01.
Most recent recorded round closed around 2013-06-27.
Filings read as a recurring offering program rather than a clean venture-stage ladder — interpret stage labels and step-ups with that in mind.
Valuation (modeled)modeled
Provath models Cardinal Spine, LLC at approximately $23M (range $468K–$261M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.30× the median modeled value of Pre-Seed Other Health Care companies in 2013–2015 (343 peers) — value vs value, same stage and era. Issuer reports no revenue, yet is modeled well above niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 0 months.
Last raise 13.0 yr ago; this sector typically re-raises about every 14 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 28% of Other Health Care peers (5377 compared).
Modeled value ranks above 51% of those peers.
Closest niche peers: Optimized Care Network, LLC, Ludi, Inc., Pure Life Renal LLC, Surgery Center of Kenai, LLC, SpineDynx, LLC.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.
Recurring-offering pattern: stage-based valuation has lower applicability.