Companies · Other Health Care

Physicians Integrated Network, LP

DALLAS · Other Health Care

Diligence memoA one-page analyst read on Physicians Integrated Network, LP — recommendation, valuation, rhythm, risks.
$1.9M
Total raised · real
1
Rounds
0.5×
Latest step-up
Top 55%
Sector rank · raised
Seed
Latest stage · inferred · Fri Jul 24 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Physicians Integrated Network, LP 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 health care 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 1.30× the median modeled value of Seed Other Health Care companies in 2019–2021 (211 peers) — value vs value, same stage and era.
  • Within the normal band (130% of peer median) for its niche.
Dormant
  • Last raise 5.9 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.

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

Issuer-vehicle patternmedium confidence

Physicians Integrated Network, LP 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
5.9 yr record
Peak capital year was 2020 with $6.0M across 4 filings.
Market position
ahead of 46% of Other Health Care peers
Capital scale is ahead of 46% of Other Health Care peers; modeled value is above 66% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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 2020: $6.0M across 4 filings.
  • Largest single filing was $2.8M on 2020-07-24.
  • Filing rows sum to $6.0M, while canonical raised total is $1.9M; likely amendments/superseded rows are mixed into the detail view.
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.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Physicians Integrated Network, LP is one of 5377 Other Health Care companies tracked from DALLAS. By capital raised it ranks mid-pack (ahead of 46% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
59
Investors (latest)
2020-07-24
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$100MSeed · 2020-07-24 Raised $2.8M (real) Modeled valuation $67M (est)$2.8M$67MSeed2020Pre-Seed · 2020-07-24 Raised $328K (real) Modeled valuation $9.8M (est)$328K$9.8MPre-Seed2020Seed · 2020-07-24 Raised $1.9M (real) Modeled valuation $47M (est)$1.9M$47MSeed2020Pre-Seed · 2020-07-24 Raised $951K (real) Modeled valuation $28M (est)$951K$28MPre-Seed2020+$328K+$1.9M+$951KCumulative $6.0M

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
Seed$2.8M · 2020
Bridge · Seed-stage$328K · 2020smaller follow-on
Seed extension$1.9M · 2020
Bridge · Seed-stage$951K · 2020smaller follow-on

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

Modeled valuation trajectory
$46.5M
Base estimate est.
$1.6M
Conservative case
$359.0M
Upside case
$9.6M
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 health care sector profile. Directional, not a quoted figure.

Seed · modeled $66.5M · 2020-07-242020Pre-Seed · modeled $9.8M · 2020-07-24Seed · modeled $46.5M · 2020-07-24Pre-Seed · modeled $28.4M · 2020-07-242020
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.54×/yr
Annual markup
2.01×/yr upside case
5.9 yr
Elapsed time used
5.9 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
5.9 yr
On record since
2020
First round
4
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) 0.8× of median
This company$1.9M
Sector median$2.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$951K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 2.1× above median
This company$46.5M
Sector median$22.1M

Raised more than 46% of sector peers (real $). Modeled value above 66% 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 #75 of 211.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Crossroads at Delta Memory · Seed Raised $4.3M · modeled $99.1M (est)Noninvasix, Inc. · Seed Raised $4.0M · modeled $97.9M (est)CPIV Haven Holdings, LLC · Seed Raised $3.8M · modeled $92.9M (est)Cane Ip Key Holdings, Llc · Seed Raised $3.5M · modeled $87.4M (est)Hospi Corp · Seed Raised $7.0M · modeled $86.6M (est)Functional Fluidics Inc. · Seed Raised $3.6M · modeled $84.2M (est)Starling Solutions Inc. · Seed Raised $3.8M · modeled $82.2M (est)CairnSurgical, Inc. · Seed Raised $3.3M · modeled $81.5M (est)DxLab Inc. · Seed Raised $4.0M · modeled $81.5M (est)Freedom Center of Beacon, LLC · Seed Raised $3.2M · modeled $80.5M (est)GenomOncology, LLC · Seed Raised $5.8M · modeled $79.3M (est)Kingwood Surgicenter, LLC · Seed Raised $3.0M · modeled $74.7M (est)Physicians Integrated Network, LP (this company) Raised $1.9M · modeled $46.5M (est)Physicians Integrated Network, LP
CompanyStageRaised · realValue · estvs peer med.
Crossroads at Delta MemorySeed$4.3M$99.1M2.77×
Noninvasix, Inc.Seed$4.0M$97.9M2.73×
CPIV Haven Holdings, LLCSeed$3.8M$92.9M2.60×
Cane Ip Key Holdings, LlcSeed$3.5M$87.4M2.44×
Hospi CorpSeed$7.0M$86.6M2.42×
Functional Fluidics Inc.Seed$3.6M$84.2M2.35×
Starling Solutions Inc.Seed$3.8M$82.2M2.30×
CairnSurgical, Inc.Seed$3.3M$81.5M2.28×
DxLab Inc.Seed$4.0M$81.5M2.28×
Freedom Center of Beacon, LLCSeed$3.2M$80.5M2.25×
GenomOncology, LLCSeed$5.8M$79.3M2.22×
Kingwood Surgicenter, LLCSeed$3.0M$74.7M2.09×
Physicians Integrated Network, LP this companySeed$1.9M$46.5M1.30×
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.
Seed$2.8M2020-07-24$13.8M$66.5M90%
Pre-Seed$328K2020-07-24$1.8M$9.8M90%
Seed$1.9M2020-07-24$9.6M$46.5M90%
Pre-Seed$951K2020-07-24$5.3M$28.4M90%
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. Seed$2.8M2020-07-24
    • First recorded raise — entered as Seed.
    • 150 investors on this round.
  2. Pre-Seed$328K2020-07-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.4× smaller than the prior — bridge or down round.
    • 24 investors on this round.
  3. Seed$1.9M2020-07-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.9× larger than the prior — scaling up.
    • 116 investors on this round.
  4. Pre-Seed$951K2020-07-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 59 investors on this round.
Intelligence
Modeled next raise
$951K
Modeled next size est.range $951K$1.5M
0.5×
Last step-up
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
Sam Lee4 other2020-07
Rick Grizzle1 other2020-07
Scott Goldstein1 other2020-07
Frank Roby2020-07
Guy Culpepper2020-07
John Moore, M.D.2020-07
Steve Lieman2020-07
Registry & provenance

Physicians Integrated Network, LP 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
1723003
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
Physician Paradigms, LLCOther Health CareSeed$3.0M$5.6Mnetwork1 shared operator · same sector · same stage
ASC Mercer Island LLCOther Health CareSeed$1.9M$47.7Msame sector · same stage
ASC Rodgers Park LLCOther Health CareSeed$1.9M$47.8Msame sector · same stage
InvestCo Ennis, TX, LLCOther Health CareSeed$1.9M$47.3Msame sector · same stage
Fresenius Medical Care Braselton, LLCOther Health CareSeed$1.9M$47.3Msame sector · same stage
DX Urgent Care I Limited PartnershipOther Health CareSeed$1.9M$48.3Msame sector · same stage
Hauppauge SC, LLCOther Health CareSeed$1.9M$48.3Msame sector · same stage
Behealth Solutions, LLCOther Health CareSeed$1.9M$47.1Msame 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
Specialty Networks, LLCOther Health CareSeries C$2.2B85%
PrimeHealth Network Partners, LLCOther Health CareSeed$24.0M84%
Integrated Care Partners, Inc.HealthtechSeries B$145.9M82%
Physician 360, Inc.Other Health CareSeed$17.5M82%
Imaging Network, LLCOther Health CarePre-Seed$191K81%
Cornerstone Specialty Network, LLCOther Health CarePre-Seed$9.0M81%
Envoy Integrated Health Network LLCHospitals and PhysiciansPre-Seed$18.9M80%
Physician Software Systems, LLCSoftware / TechSeries A$28.8M80%
Frequently asked
How much funding has Physicians Integrated Network, LP raised?
Physicians Integrated Network, LP has raised approximately $1.9M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Physicians Integrated Network, LP's estimated valuation?
Provath's modeled valuation for Physicians Integrated Network, LP is approximately $46.5M (modeled range $1.6M–$359.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Physicians Integrated Network, LP at?
Physicians Integrated Network, LP's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Jul 24.
What does Physicians Integrated Network, LP do and where is it based?
Physicians Integrated Network, LP operates in the Other Health Care sector, based in DALLAS.
Explore related

See where Physicians Integrated Network, LP sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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