Companies · Other Health Care

Covenant Surgical Partners Inc

NASHVILLE · Other Health Care

Diligence memoA one-page analyst read on Covenant Surgical Partners Inc — recommendation, valuation, rhythm, risks.
$126.0M
Total raised · real
25
Rounds
0.1×
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Tue Dec 31 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Covenant Surgical Partners Inc 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 health care 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 0.43× the median modeled value of Series B Other Health Care companies in 2013–2015 (85 peers) — value vs value, same stage and era.
Dormant
  • Last raise 12.5 yr ago; this sector typically re-raises about every 14 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

Covenant Surgical Partners Inc 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
56.5 yr record
Peak capital year was 2013 with $65.4M across 9 filings.
Market position
ahead of 97% of Other Health Care peers
Capital scale is ahead of 97% of Other Health Care peers; modeled value is above 87% 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 2013: $65.4M across 9 filings.
  • Largest single filing was $35.0M on 2013-01-22.
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 Other Health Care

Covenant Surgical Partners Inc is one of 5377 Other Health Care companies tracked from NASHVILLE. By capital raised it ranks among the largest (ahead of 97% of sector peers), and in the upper tier 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
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$250M$500M$750M$1.0BSeries B · Raised $14M (real) Modeled valuation $50M (est)Series BPre-Seed · 2009-03-06 Raised $451K (real) Modeled valuation $14M (est)Pre-Seed · 2009-06-30 Raised $872K (real) Modeled valuation $27M (est)Pre-Seed2009Pre-Seed · 2009-10-31 Raised $360K (real) Modeled valuation $11M (est)Pre-Seed · 2010-01-01 Raised $868K (real) Modeled valuation $27M (est)Pre-Seed2010Pre-Seed · 2010-03-01 Raised $955K (real) Modeled valuation $29M (est)Series B · 2010-06-30 Raised $18M (real) Modeled valuation $408M (est)Series B2010Series A · 2010-06-30 Raised $14M (real) Modeled valuation $272M (est)Pre-Seed · 2010-06-30 Raised $953K (real) Modeled valuation $29M (est)Pre-Seed2010Series B · 2010-09-30 Raised $705K (real) Modeled valuation $16M (est)Series B · 2011-03-31 Raised $891K (real) Modeled valuation $20M (est)Series B2011Series B · 2011-08-05 Raised $1.8M (real) Modeled valuation $41M (est)Series B · 2011-09-30 Raised $360K (real) Modeled valuation $8.0M (est)Series B2011Series B · 2012-05-11 Raised $1.9M (real) Modeled valuation $43M (est)Series B · 2012-08-29 Raised $3.3M (real) Modeled valuation $74M (est)Series B2012Series B · 2012-09-30 Raised $1.2M (real) Modeled valuation $26M (est)Series B · 2013-01-22 Raised $35M (real) Modeled valuation $775M (est)Series B2013Series B · 2013-01-22 Raised $8.1M (real) Modeled valuation $180M (est)Series B · 2013-04-30 Raised $630K (real) Modeled valuation $14M (est)Series B2013Series B · 2013-05-31 Raised $5.0M (real) Modeled valuation $111M (est)Series B · 2013-05-31 Raised $3.0M (real) Modeled valuation $66M (est)Series B2013Series B · 2013-09-30 Raised $2.4M (real) Modeled valuation $52M (est)Series B · 2013-12-31 Raised $1.6M (real) Modeled valuation $36M (est)Series B2013Series B · 2013-12-31 Raised $8.6M (real) Modeled valuation $191M (est)Series B · 2013-12-31 Raised $1.0M (real) Modeled valuation $23M (est)Series B2013Cumulative $126M

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
Series B$14.0M
Bridge · Series B-stage$451K · 2009smaller follow-on
Bridge · Series B-stage$872K · 2009smaller follow-on
Bridge · Series B-stage$360K · 2009smaller follow-on
Bridge · Series B-stage$868K · 2010smaller follow-on
Bridge · Series B-stage$955K · 2010smaller follow-on
Series B extension$18.4M · 2010
Bridge · Series B-stage$13.5M · 2010smaller follow-on
Bridge · Series B-stage$953K · 2010smaller follow-on
Series B extension$705K · 2010
Series B extension$891K · 2011
Series B extension$1.8M · 2011
Series B extension$360K · 2011
Series B extension$1.9M · 2012
Series B extension$3.3M · 2012
Series B extension$1.2M · 2012
Series B extension$35.0M · 2013
Series B extension$8.1M · 2013
Series B extension$630K · 2013
Series B extension$5.0M · 2013
Series B extension$3.0M · 2013
Series B extension$2.4M · 2013
Series B extension$1.6M · 2013
Series B extension$8.6M · 2013
Series B extension$1.0M · 2013

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$190.5M
Base estimate est.
$20.2M
Conservative case
$733.3M
Upside case
$47.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series B · modeled $49.7M · Pre-Seed · modeled $13.9M · 2009-03-06Pre-Seed · modeled $26.9M · 2009-06-30Pre-Seed · modeled $11.1M · 2009-10-31Pre-Seed · modeled $26.8M · 2010-01-01Pre-Seed · modeled $29.4M · 2010-03-01Series B · modeled $407.8M · 2010-06-30Series A · modeled $272.4M · 2010-06-30Pre-Seed · modeled $29.4M · 2010-06-30Series B · modeled $15.6M · 2010-09-30Series B · modeled $19.7M · 2011-03-31Series B · modeled $40.7M · 2011-08-05Series B · modeled $8.0M · 2011-09-30Series B · modeled $42.9M · 2012-05-11Series B · modeled $73.8M · 2012-08-29Series B · modeled $26.2M · 2012-09-30Series B · modeled $775.4M · 2013-01-22Series B · modeled $179.7M · 2013-01-22Series B · modeled $14.0M · 2013-04-30Series B · modeled $110.8M · 2013-05-31Series B · modeled $66.5M · 2013-05-31Series B · modeled $52.5M · 2013-09-30Series B · modeled $36.1M · 2013-12-31Series B · modeled $190.5M · 2013-12-31Series B · modeled $22.8M · 2013-12-312013
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
64%
Survival probability
42% low · 78% high
1.36×/yr
Annual markup
1.64×/yr upside case
6.0 yr
Elapsed time used
12.5 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$2.9M/yr
Capital velocity
56.5 yr
On record since
1970
First round
25
Rounds on file
How it compares to the market

Benchmarked against 5377 companies in Other Health Care. 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) 52× above median
This company$126.0M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.0M
Sector median$17.8M
Modeled value — vs sector median (estimate, all stages) 8.6× above median
This company$190.5M
Sector median$22.1M

Raised more than 97% of sector peers (real $). Modeled value above 87% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #71 of 85.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Drynachan, Llc · Series B Raised $40.0M · modeled $886.2M (est)Vistria SHC Holdings, LLC · Series B Raised $39.7M · modeled $879.5M (est)Ebh Holding Company, Inc. · Series B Raised $70.9M · modeled $871.1M (est)Orthopediatrics Corp · Series B Raised $57.5M · modeled $864.0M (est)Assurerx Health, Inc · Series B Raised $51.5M · modeled $828.4M (est)IMRIS Inc. · Series B Raised $36.8M · modeled $816.0M (est)Remedy Partners, Inc. · Series B Raised $56.4M · modeled $795.3M (est)Hansen Medical Inc · Series B Raised $126.0M · modeled $775.4M (est)BCOM Investment Partners, LLC · Series B Raised $34.5M · modeled $764.3M (est)Michigan Critical Care Consultants, Inc. · Series B Raised $34.0M · modeled $753.2M (est)HY Holdings, Inc. · Series B Raised $33.0M · modeled $731.1M (est)Medical Solutions L.L.C. · Series B Raised $32.5M · modeled $720.0M (est)Covenant Surgical Partners Inc (this company) Raised $126.0M · modeled $190.5M (est)Covenant Surgical Partners Inc
CompanyStageRaised · realValue · estvs peer med.
Drynachan, LlcSeries B$40.0M$886.2M2.00×
Vistria SHC Holdings, LLCSeries B$39.7M$879.5M1.99×
Ebh Holding Company, Inc.Series B$70.9M$871.1M1.97×
Orthopediatrics CorpSeries B$57.5M$864.0M1.95×
Assurerx Health, IncSeries B$51.5M$828.4M1.87×
IMRIS Inc.Series B$36.8M$816.0M1.84×
Remedy Partners, Inc.Series B$56.4M$795.3M1.79×
Hansen Medical IncSeries B$126.0M$775.4M1.75×
BCOM Investment Partners, LLCSeries B$34.5M$764.3M1.72×
Michigan Critical Care Consultants, Inc.Series B$34.0M$753.2M1.70×
HY Holdings, Inc.Series B$33.0M$731.1M1.65×
Medical Solutions L.L.C.Series B$32.5M$720.0M1.62×
Covenant Surgical Partners Inc this companySeries B$126.0M$190.5M0.43×
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$451K2009-03-06$2.5M$13.9M90%
Pre-Seed$872K2009-06-30$4.8M$26.9M90%
Pre-Seed$360K2009-10-31$2.0M$11.1M90%
Pre-Seed$868K2010-01-01$4.8M$26.8M90%
Pre-Seed$955K2010-03-01$5.3M$29.4M90%
Series B$18.4M2010-06-30$102.3M$407.8M90%
Series A$13.5M2010-06-30$61.4M$272.4M90%
Pre-Seed$953K2010-06-30$5.3M$29.4M90%
Series B$705K2010-09-30$3.9M$15.6M90%
Series B$891K2011-03-31$4.9M$19.7M90%
Series B$1.8M2011-08-05$10.2M$40.7M90%
Series B$360K2011-09-30$2.0M$8.0M90%
Series B$1.9M2012-05-11$10.8M$42.9M90%
Series B$3.3M2012-08-29$18.5M$73.8M90%
Series B$1.2M2012-09-30$6.6M$26.2M90%
Series B$35.0M2013-01-22$194.4M$775.4M90%
Series B$8.1M2013-01-22$45.1M$179.7M90%
Series B$630K2013-04-30$3.5M$14.0M90%
Series B$5.0M2013-05-31$27.8M$110.8M90%
Series B$3.0M2013-05-31$16.7M$66.5M90%
Series B$2.4M2013-09-30$13.2M$52.5M90%
Series B$1.6M2013-12-31$9.1M$36.1M90%
Series B$8.6M2013-12-31$47.8M$190.5M90%
Series B$1.0M2013-12-31$5.7M$22.8M90%
Series B$14.0M$77.8M$49.7M90%
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$451K2009-03-06
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$872K2009-06-30
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
  3. Pre-Seed$360K2009-10-31
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
  4. Pre-Seed$868K2010-01-01
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
  5. Pre-Seed$955K2010-03-01
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  6. Series B$18.4M2010-06-30
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 19.3× larger than the prior — scaling up.
  7. Series A$13.5M2010-06-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
  8. Pre-Seed$953K2010-06-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 14.2× smaller than the prior — bridge or down round.
  9. Series B$705K2010-09-30
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
  10. Series B$891K2011-03-31
    • Came back fast: 6 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  11. Series B$1.8M2011-08-05
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
  12. Series B$360K2011-09-30
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 5.1× smaller than the prior — bridge or down round.
  13. Series B$1.9M2012-05-11
    • Came back fast: 7 mo vs the ~14 mo sector norm.
    • Round 5.4× larger than the prior — scaling up.
  14. Series B$3.3M2012-08-29
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
  15. Series B$1.2M2012-09-30
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
  16. Series B$35.0M2013-01-22
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 29.6× larger than the prior — scaling up.
  17. Series B$8.1M2013-01-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.3× smaller than the prior — bridge or down round.
  18. Series B$630K2013-04-30
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 12.9× smaller than the prior — bridge or down round.
  19. Series B$5.0M2013-05-31
    • Came back fast: 1 mo vs the ~14 mo sector norm.
    • Round 7.9× larger than the prior — scaling up.
  20. Series B$3.0M2013-05-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
  21. Series B$2.4M2013-09-30
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  22. Series B$1.6M2013-12-31
    • Came back fast: 3 mo vs the ~14 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
  23. Series B$8.6M2013-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.3× larger than the prior — scaling up.
  24. Series B$1.0M2013-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.3× smaller than the prior — bridge or down round.
Intelligence
2015 ~Q4
Modeled next raise · ~22mo cadence
$1.0M
Modeled next size est.range $1.0M$1.6M
0.1×
Last step-up
$2.9M/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
Brian C. Tilley6 other2013-01
Keith W. Pennell6 other2013-01
Lucius E. Burch, III5 other2009-03
John F. Jacques2 other2009-03
Scott M. Gallin1 other2013-01
Barry D. Wesson2012-08
David A. Holst2012-08
David E. Holst2009-10
David Holst2009-03
D. Whitcomb Polley2012-08
F. T. Chong2013-01
Jack F. King2010-06
Jack F. King, Jr.2009-03
James E. Vann2009-03
J. Frank Barefield2009-03
Marnix E. Heersink2009-03
Michael A. Koban2009-03
Morton A. Pierce2012-05
Richard K. Jacques2009-03
Registry & provenance

Covenant Surgical Partners Inc 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
1439789
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.

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AAC Holdings, Inc.Other Health CareSeries B$25.0M$553.9Mnetwork1 shared operator · same sector · same stage
LENSAR, Inc.Other Health CareSeries B$119.0M$185.2Msame sector · same stage
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Alcyone Lifesciences, Inc.Other Health CareSeries B$93.2M$151.7Msame sector · same stage
MediBeacon Inc.Other Health CareSeries B$87.5M$135.7Msame sector · same stage
Lightship Inc.Other Health CareSeries B$86.2M$122.5Msame sector · same stage
Reprieve Cardiovascular, Inc.Other Health CareSeries B$82.4M$153.0Msame sector · same stage
Frequently asked
How much funding has Covenant Surgical Partners Inc raised?
Covenant Surgical Partners Inc has raised approximately $126.0M in disclosed capital across 25 recorded financing rounds, aggregated from public filings.
What is Covenant Surgical Partners Inc's estimated valuation?
Provath's modeled valuation for Covenant Surgical Partners Inc is approximately $190.5M (modeled range $20.2M–$733.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Covenant Surgical Partners Inc at?
Covenant Surgical Partners Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Dec 31.
What does Covenant Surgical Partners Inc do and where is it based?
Covenant Surgical Partners Inc operates in the Other Health Care sector, based in NASHVILLE.
Explore related

See where Covenant Surgical Partners Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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