Companies · Other

Sound Physicians Holdings, LLC

TACOMA · Other · https://www.soundphysicians.com/

Diligence memoA one-page analyst read on Sound Physicians Holdings, LLC — recommendation, valuation, rhythm, risks.
$1.6B
Total raised · real
2
Rounds
0.6×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Mon Oct 01 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Sound Physicians Holdings, LLC 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.

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 0.37× the median modeled value of Growth/Late Other companies in 2016–2018 (26 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.7 yr ago; this sector typically re-raises about every 11 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

Sound Physicians Holdings, 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
8.0 yr record
Peak capital year was 2018 with $2.1B across 7 filings.
Market position
ahead of 100% of Other peers
Capital scale is ahead of 100% of Other peers; modeled value is above 99% 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
Lower applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Some evidence
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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • Capital program peaked in 2018: $2.1B across 7 filings.
  • Largest single filing was $1.4B on 2018-06-28.
  • Filing rows sum to $2.1B, while canonical raised total is $1.6B; 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

Sound Physicians Holdings, LLC is one of 25008 Other companies tracked from TACOMA. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

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

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Clinician-led physician services for hospitals: emergency medicine, hospital medicine, critical care, anesthesia, and accountable care for long-term care and assisted living.

Clinician-led physician services for hospitals: emergency medicine, hospital medicine, critical care, anesthesia, and accountable care for long-term care and assisted living. Powered by physician-led clinical teams and strengthened by more than two decades of business acumen, we’ve pressure-tested what works—and what doesn’t—in how we practice medicine. As your hospital staffing and physician practice management partner, we address universal challenges and uncover your unique needs. As your catalyst for uncompromising care, we’re invested in creating solutions for today’s healthcare challenges that sustain you through tomorrow’s, too. Uncompromising specialty practice. Unmatched hospital partnership. Care that fits your community. You deserve a partner who’s unflinching in the face of challenges and who won’t compromise on what matters to you. Our outsourced physician services, hospital staffing, and practice management solutions are built around your needs. We listen, then put together the right program to meet them. Our deep clinical expertise in hospital-based medicine, data-driven insights, and exemplary leadership development inform our intentional approach to care and a consi

Find Sound Physicians online

Trades publicly as Sound Physicians.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
71
Investors (latest)
2018
Year incorporated
2018-10-01
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$12.5B$25.0B$37.5B$50.0BGrowth/Late · 2018-06-28 Raised $1.4B (real) Modeled valuation $25.3B (est)Growth/Late2018Series D+ · 2018-10-01 Raised $101M (real) Modeled valuation $1.7B (est)Series D+2018Series C · 2018-10-01 Raised $93M (real) Modeled valuation $1.6B (est)Series C2018Series D+ · 2018-10-01 Raised $157M (real) Modeled valuation $2.7B (est)Series D+2018Growth/Late · 2018-10-01 Raised $200M (real) Modeled valuation $3.6B (est)Growth/Late2018Series C · 2018-10-01 Raised $94M (real) Modeled valuation $1.6B (est)Series C2018Series C · 2018-10-01 Raised $56M (real) Modeled valuation $960M (est)Series C2018+$101M+$93M+$157M+$200M+$94M+$56MCumulative $2.1B

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
Growth/Late$1.4B · 2018
Bridge · Growth/Late-stage$101.1M · 2018smaller follow-on
Bridge · Growth/Late-stage$93.3M · 2018smaller follow-on
Bridge · Growth/Late-stage$157.2M · 2018smaller follow-on
Growth/Late extension$199.9M · 2018
Bridge · Growth/Late-stage$93.7M · 2018smaller follow-on
Bridge · Growth/Late-stage$56.0M · 2018smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 43%.

Modeled valuation trajectory
$3.6B
Base estimate est.
$1.6B
Conservative case
$6.4B
Upside case
$2.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Growth/Late · modeled $25.3B · 2018-06-282018Series D+ · modeled $1.7B · 2018-10-01Series C · modeled $1.6B · 2018-10-01Series D+ · modeled $2.7B · 2018-10-01Growth/Late · modeled $3.6B · 2018-10-01Series C · modeled $1.6B · 2018-10-01Series C · modeled $959.8M · 2018-10-012018
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
90%
Survival probability
78% low · 97% high
1.12×/yr
Annual markup
1.22×/yr upside case
6.0 yr
Elapsed time used
7.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
1 mo
Avg between rounds
$6.2B/yr
Capital velocity
8.0 yr
On record since
2018
First round
7
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 794× above median
This company$1.6B
Sector median$2.0M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.1× of median
This company$56.0M
Sector median$513.1M
Modeled value — vs sector median (estimate, all stages) 201× above median
This company$3.6B
Sector median$17.7M

Raised more than 100% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 #23 of 26.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Papay Topco, Inc. · Growth/Late Raised $1.5B · modeled $26.6B (est)Advanced Disposal Services, Inc. · Growth/Late Raised $1.2B · modeled $20.6B (est)MB Parent Holdco, L.P. · Growth/Late Raised $917.1M · modeled $16.2B (est)Cersei Topco, Llc · Growth/Late Raised $853.5M · modeled $15.2B (est)FARMER & THE COWMAN Ltd LIABILITY Co · Growth/Late Raised $780.0M · modeled $13.9B (est)Owl Finance plc · Growth/Late Raised $726.0M · modeled $12.9B (est)Insight MB Holdings, LLC · Growth/Late Raised $680.1M · modeled $12.1B (est)Triangle Private Investments, LLC · Growth/Late Raised $667.0M · modeled $11.8B (est)Millennial Press LLC · Growth/Late Raised $650.0M · modeled $11.5B (est)Meredith Corp · Growth/Late Raised $650.0M · modeled $11.5B (est)Wrangler Topco, Llc · Growth/Late Raised $569.2M · modeled $10.1B (est)Aceso Topco, Llc · Growth/Late Raised $555.5M · modeled $9.9B (est)Sound Physicians Holdings, LLC (this company) Raised $1.6B · modeled $3.6B (est)Sound Physicians Holdings, LLC
CompanyStageRaised · realValue · estvs peer med.
Papay Topco, Inc.Growth/Late$1.5B$26.6B2.78×
Advanced Disposal Services, Inc.Growth/Late$1.2B$20.6B2.16×
MB Parent Holdco, L.P.Growth/Late$917.1M$16.2B1.69×
Cersei Topco, LlcGrowth/Late$853.5M$15.2B1.59×
FARMER & THE COWMAN Ltd LIABILITY CoGrowth/Late$780.0M$13.9B1.45×
Owl Finance plcGrowth/Late$726.0M$12.9B1.35×
Insight MB Holdings, LLCGrowth/Late$680.1M$12.1B1.26×
Triangle Private Investments, LLCGrowth/Late$667.0M$11.8B1.24×
Millennial Press LLCGrowth/Late$650.0M$11.5B1.21×
Meredith CorpGrowth/Late$650.0M$11.5B1.21×
Wrangler Topco, LlcGrowth/Late$569.2M$10.1B1.06×
Aceso Topco, LlcGrowth/Late$555.5M$9.9B1.03×
Sound Physicians Holdings, LLC this companyGrowth/Late$1.6B$3.6B0.37×
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.
Growth/Late$1.4B2018-06-28$14.2B$25.3B90%
Series D+$101.1M2018-10-01$842.6M$1.7B90%
Series C$93.3M2018-10-01$622.0M$1.6B90%
Series D+$157.2M2018-10-01$1.3B$2.7B90%
Growth/Late$199.9M2018-10-01$2.0B$3.6B90%
Series C$93.7M2018-10-01$624.8M$1.6B90%
Series C$56.0M2018-10-01$373.2M$959.8M90%
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. Growth/Late$1.4B2018-06-28
    • First recorded raise — entered as Growth/Late.
    • 194 investors on this round.
  2. Series D+$101.1M2018-10-01
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 14.1× smaller than the prior — bridge or down round.
    • 132 investors on this round.
  3. Series C$93.3M2018-10-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 118 investors on this round.
  4. Series D+$157.2M2018-10-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 153 investors on this round.
  5. Growth/Late$199.9M2018-10-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 167 investors on this round.
  6. Series C$93.7M2018-10-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 117 investors on this round.
  7. Series C$56.0M2018-10-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 71 investors on this round.
Intelligence
2018 ~Q4
Modeled next raise · ~1mo cadence
$56.0M
Modeled next size est.range $56.0M$89.6M
0.6×
Last step-up
$6.2B/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
Andrew Hayek12 other2018-06
Peter Chung7 other2018-06
Darren Black5 other2018-06
PATRICK CONWAY5 other2018-06
Jeff Alter2 other2018-10
Patrick Ryan1 other2018-06
SCOTT THEISEN1 other2018-06
Wyatt Decker1 other2018-10
CARLADENISE EDWARDS2018-10
JAMISON R. LARSEN2018-10
JESS PARKS2018-06
PETER BRINK2018-06
ROBERT BESSLER2018-06
STEVEN MCCARTY2018-06
TRAVIS WINKEY2018-10
Registry & provenance

Sound Physicians Holdings, 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
1746841
SEC CIK
2018
Incorporated
Recent activityActive

Discovered from soundphysicians — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.

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
Infor Enterprise Applications, LPOtherGrowth/Late$1.4B$2.4Bsame sector · same stage
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Intarcia Therapeutics, IncBiotechnologyGrowth/Late$1.2B$8.4Bnetwork1 shared operator · same stage
Hamilton Insurance Group, Ltd.OtherGrowth/Late$751.2M$4.4Bsame sector · same stage
MFI Holding CorpOtherGrowth/Late$718.6M$4.2Bsame sector · same stage
WP CityMD Topco LLCHealthtechGrowth/Late$1.1B$2.9Bnetwork1 shared operator · same stage
Econic Partners LLCOtherGrowth/Late$656.0M$2.3Bsame 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
Unified Physician Management Holdings, LPHospitals and PhysiciansSeries A$803K76%
Partners In Care CorpHospitals and PhysiciansSeed$36.3M75%
Call9Healthtech74%
Lighthouse Surgery Holdings, LlcHospitals and PhysiciansSeed$34.9M74%
OB Hospitalist Group, Inc.Other Health CareSeries C$7.9M74%
VOP Accountable Care LLCHospitals and PhysiciansPre-Seed$12.5M73%
ACM Holdco, LPHospitals and PhysiciansSeries C$2.1B72%
Physician 360, Inc.Other Health CareSeed$17.5M72%
Frequently asked
How much funding has Sound Physicians Holdings, LLC raised?
Sound Physicians Holdings, LLC has raised approximately $1.6B in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Sound Physicians Holdings, LLC's estimated valuation?
Provath's modeled valuation for Sound Physicians Holdings, LLC is approximately $3.6B (modeled range $1.6B–$6.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sound Physicians Holdings, LLC at?
Sound Physicians Holdings, LLC's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Mon Oct 01.
What does Sound Physicians Holdings, LLC do and where is it based?
Sound Physicians Holdings, LLC operates in the Other sector, based in TACOMA. Clinician-led physician services for hospitals: emergency medicine, hospital medicine, critical care, anesthesia, and accountable care for long-term care and assisted living.
Explore related

See where Sound Physicians Holdings, 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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