Companies · Other Health Care

Northern Rockies Surgery Center, L.P.

Billings · Other Health Care

Diligence memoA one-page analyst read on Northern Rockies Surgery Center, L.P. — recommendation, valuation, rhythm, risks.
$2.3M
Total raised · real
6
Rounds
1.0×
Latest step-up
Top 51%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu May 26 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Northern Rockies Surgery Center, L.P. looks over-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.

Over-valued
  • Modeled value is 2.62× the median modeled value of Pre-Seed Other Health Care companies in 2022–2024 (288 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.1 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 Other Health Care

Northern Rockies Surgery Center, L.P. is one of 5377 Other Health Care companies tracked from Billings. By capital raised it ranks mid-pack (ahead of 50% 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
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 · 2009-07-21 Raised $224K (real) Modeled valuation $6.9M (est)$224K$6.9MPre-Seed2009Pre-Seed · 2010-07-01 Raised $264K (real) Modeled valuation $8.1M (est)$264K$8.1MPre-Seed2010Pre-Seed · 2013-07-01 Raised $429K (real) Modeled valuation $13M (est)$429K$13MPre-Seed2013Pre-Seed · 2017-07-01 Raised $306K (real) Modeled valuation $9.4M (est)$306K$9.4MPre-Seed2017Pre-Seed · 2019-01-10 Raised $566K (real) Modeled valuation $17M (est)$566K$17MPre-Seed2019Pre-Seed · 2022-05-26 Raised $558K (real) Modeled valuation $6.7M (est)$558K$6.7MPre-Seed2022+$264K+$429K+$306K+$566K+$558KCumulative $2.3M

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$224K · 2009
Pre-Seed extension$264K · 2010
Pre-Seed extension$429K · 2013
Pre-Seed extension$306K · 2017
Pre-Seed extension$566K · 2019
Pre-Seed extension$558K · 2022

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

Modeled valuation trajectory
$6.7M
Base estimate est.
$350K
Conservative case
$42.7M
Upside case
$3.1M
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 health care sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $6.9M · 2009-07-212009Pre-Seed · modeled $8.1M · 2010-07-01Pre-Seed · modeled $13.2M · 2013-07-01Pre-Seed · modeled $9.4M · 2017-07-01Pre-Seed · modeled $17.4M · 2019-01-10Pre-Seed · modeled $6.7M · 2022-05-262022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.64×/yr
Annual markup
2.23×/yr upside case
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
31 mo
Avg between rounds
$183K/yr
Capital velocity
16.9 yr
On record since
2009
First round
6
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) 1.0× of median
This company$2.3M
Sector median$2.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.6× above median
This company$558K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$6.7M
Sector median$22.1M

Raised more than 50% of sector peers (real $). Modeled value above 27% 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 #31 of 288.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Active Recovery TMS, LLC · Pre-Seed Raised $1.0M · modeled $14.1M (est)Imagen Walled Lake Support Services, LLC · Pre-Seed Raised $977K · modeled $12.9M (est)Pinnacle Integrated Medicine, Inc. · Pre-Seed Raised $2.3M · modeled $12.3M (est)Choix, Inc. · Pre-Seed Raised $1000K · modeled $12.2M (est)DataBiologics, Inc. · Pre-Seed Raised $815K · modeled $11.2M (est)DIAGGO, Inc. · Pre-Seed Raised $1.0M · modeled $11.1M (est)American Nitrile Intermediate Holdings, LLC · Pre-Seed Raised $1.8M · modeled $10.4M (est)2636696 Ontario Inc. · Pre-Seed Raised $1.3M · modeled $9.9M (est)Exo-Toe, Llc · Pre-Seed Raised $1.2M · modeled $9.6M (est)RoddyMedical Holdings, Inc. · Pre-Seed Raised $915K · modeled $9.6M (est)Phoeb-X, Inc. · Pre-Seed Raised $912K · modeled $9.5M (est)NeuroGlove, LLC · Pre-Seed Raised $1.0M · modeled $9.1M (est)Northern Rockies Surgery Center, L.P. (this company) Raised $2.3M · modeled $6.7M (est)Northern Rockies Surgery Center, L.P.
CompanyStageRaised · realValue · estvs peer med.
Active Recovery TMS, LLCPre-Seed$1.0M$14.1M5.51×
Imagen Walled Lake Support Services, LLCPre-Seed$977K$12.9M5.05×
Pinnacle Integrated Medicine, Inc.Pre-Seed$2.3M$12.3M4.81×
Choix, Inc.Pre-Seed$1000K$12.2M4.78×
DataBiologics, Inc.Pre-Seed$815K$11.2M4.37×
DIAGGO, Inc.Pre-Seed$1.0M$11.1M4.35×
American Nitrile Intermediate Holdings, LLCPre-Seed$1.8M$10.4M4.07×
2636696 Ontario Inc.Pre-Seed$1.3M$9.9M3.87×
Exo-Toe, LlcPre-Seed$1.2M$9.6M3.77×
RoddyMedical Holdings, Inc.Pre-Seed$915K$9.6M3.76×
Phoeb-X, Inc.Pre-Seed$912K$9.5M3.71×
NeuroGlove, LLCPre-Seed$1.0M$9.1M3.56×
Northern Rockies Surgery Center, L.P. this companyPre-Seed$2.3M$6.7M2.62×
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$224K2009-07-21$1.2M$6.9M85%
Pre-Seed$264K2010-07-01$1.5M$8.1M85%
Pre-Seed$429K2013-07-01$2.4M$13.2M85%
Pre-Seed$306K2017-07-01$1.7M$9.4M90%
Pre-Seed$566K2019-01-10$3.1M$17.4M90%
Pre-Seed$558K2022-05-26$3.1M$6.7M90%
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$224K2009-07-21
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$264K2010-07-01
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
  3. Pre-Seed$429K2013-07-01
    • Raised again after 36 mo — slower than the ~14 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
  4. Pre-Seed$306K2017-07-01
    • Raised again after 48 mo — slower than the ~14 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • Switched to Rule 504 (was Rule 06).
  5. Pre-Seed$566K2019-01-10
    • Raised 18 mo later, in step with the ~14 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 7 investors on this round.
  6. Pre-Seed$558K2022-05-26
    • Raised again after 40 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 504).
Intelligence
2024 ~Q4
Modeled next raise · ~31mo cadence
$558K
Modeled next size est.range $558K$893K
1.0×
Last step-up
$183K/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
Richard L. Sharff, Jr.71 other2009-07
Andrew P. Hayek64 other2009-07
Joseph T. Clark62 other2009-07
Jordan Jones43 other2022-05
Michael A. Rucker39 other2009-07
Steven J. Hutkai38 other2009-07
Jody B. Martin35 other2009-07
Ladd W. Mark32 other2019-01
PATRICK WALKER32 other2022-05
Ladd Mark29 other2022-05
Neil P. Walker10 other2019-01
Jordan P. Jones6 other2019-01
Michael N/A Rucker3 other2013-07
Richard L. Sharff3 other2017-07
Andrew N/A Hayek2 other2013-07
Jordan J. Jones2 other2017-07
Richard N/A Sharff, Jr.2 other2013-07
Nicolas J. Fees2017-07
Peter N/a Clemens2013-07
Registry & provenance

Northern Rockies Surgery Center, L.P. 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
1464003
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
Charleston Surgery Center Limited PartnershipOther Health CarePre-Seed$2.5M$5.7Mnetwork7 shared operators · same sector · same stage
Saddleback Outpatient Surgery Center, LLCOther Health CarePre-Seed$2.1M$8.3Mnetwork6 shared operators · same sector · same stage
Surgicare Of La Veta LtdOther Health CarePre-Seed$3.3M$6.1Mnetwork6 shared operators · same sector · same stage
Birmingham Outpatient Surgery Center, Ltd.Other Health CarePre-Seed$3.5M$459Knetwork10 shared operators · same sector · same stage
B R A S S Partnership In CommendamOther Health CarePre-Seed$3.8M$608Knetwork9 shared operators · same sector · same stage
Connecticut Surgery Center, Limited PartnershipOther Health CarePre-Seed$1.1M$1.9Mnetwork6 shared operators · same sector · same stage
Dublin Surgery Center, LLCOther Health CarePre-Seed$1.1M$5.2Mnetwork6 shared operators · same sector · same stage
Newport Beach Endoscopy CenterOther Health CarePre-Seed$1.0M$979Knetwork6 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
Surgery Center of Fairbanks, LLCOther Health CarePre-Seed$28.8M87%
Surgery Center of Highlands Ranch, LLCOther Health CareSeed$13.0M86%
Center For Surgery Of North Coast LpOther Health CareSeries A$141.4M85%
Southern New Mexico Surgery Center LLCOther Health CarePre-Seed$18.3M85%
UCSD Ambulatory Surgery Center, LLCOther Health CareSeries B$11.5M85%
Surgery Center of Easton, L.P.Other Health CarePre-Seed$3.5M85%
Inland Surgery Center, L.P.Other Health CareSeed$1.5M85%
Redding Surgery Center, LLCOther Health CarePre-Seed$7.1M84%
Frequently asked
How much funding has Northern Rockies Surgery Center, L.P. raised?
Northern Rockies Surgery Center, L.P. has raised approximately $2.3M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Northern Rockies Surgery Center, L.P.'s estimated valuation?
Provath's modeled valuation for Northern Rockies Surgery Center, L.P. is approximately $6.7M (modeled range $350K–$42.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Northern Rockies Surgery Center, L.P. at?
Northern Rockies Surgery Center, L.P.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu May 26.
What does Northern Rockies Surgery Center, L.P. do and where is it based?
Northern Rockies Surgery Center, L.P. operates in the Other Health Care sector, based in Billings.
Explore related

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