Companies · Other Health Care

USRC Covington, LLC

PLANO · Other Health Care

Diligence memoA one-page analyst read on USRC Covington, LLC — recommendation, valuation, rhythm, risks.
$850K
Total raised · real
1
Rounds
Latest step-up
Top 71%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Jun 01 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

USRC Covington, LLC 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 2.43× the median modeled value of Pre-Seed Other Health Care companies in 2016–2018 (299 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.1 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

USRC Covington, 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
9.1 yr record
Peak capital year was 2017 with $850K across 1 filings.
Market position
ahead of 30% of Other Health Care peers
Capital scale is ahead of 30% of Other Health Care peers; modeled value is above 54% 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 2017: $850K across 1 filings.
  • Largest single filing was $850K on 2017-06-01.
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

USRC Covington, LLC is one of 5376 Other Health Care companies tracked from PLANO. By capital raised it ranks in the long tail (ahead of 30% 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
Rule 506(b)
Reg D exemption
2
Investors (latest)
2017
Year incorporated
2017-06-01
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$13M$25M$38M$50MPre-Seed · 2017-06-01 Raised $850K (real) Modeled valuation $26M (est)$850K$26MPre-Seed2017

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$850K · 2017

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

Modeled valuation trajectory
$26.2M
Base estimate est.
$533K
Conservative case
$297.0M
Upside case
$4.7M
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.

Not enough modeled valuation points to chart a trajectory.

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
6.0 yr
Elapsed time used
9.1 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
9.1 yr
On record since
2017
First round
1
Rounds on file
How it compares to the market

Benchmarked against 5376 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) 0.3× of median
This company$850K
Sector median$2.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.4× above median
This company$850K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$26.2M
Sector median$22.1M

Raised more than 30% of sector peers (real $). Modeled value above 54% 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 299.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)USRC East Dallas, LLC · Pre-Seed Raised $1.0M · modeled $30.8M (est)USRC West Fork, LLC · Pre-Seed Raised $1.0M · modeled $30.8M (est)VivaQuant, LLC · Pre-Seed Raised $1.2M · modeled $30.8M (est)AHC of Henderson, LLC · Pre-Seed Raised $1.0M · modeled $30.8M (est)Orthoevidence Inc. · Pre-Seed Raised $1.1M · modeled $30.8M (est)ShiftWizard, Inc. · Pre-Seed Raised $2.8M · modeled $30.8M (est)Darwin Life, Inc. · Pre-Seed Raised $1.0M · modeled $30.8M (est)CRG Medical, Inc. · Pre-Seed Raised $1.0M · modeled $30.8M (est)iOrthopedics, Inc. · Pre-Seed Raised $1.0M · modeled $30.8M (est)Innovatel, LLC · Pre-Seed Raised $1.0M · modeled $30.8M (est)Chartered Medical Solutions LP · Pre-Seed Raised $2.0M · modeled $30.8M (est)PortCo, LP · Pre-Seed Raised $1.0M · modeled $30.8M (est)USRC Covington, LLC (this company) Raised $850K · modeled $26.2M (est)USRC Covington, LLC
CompanyStageRaised · realValue · estvs peer med.
USRC East Dallas, LLCPre-Seed$1.0M$30.8M2.86×
USRC West Fork, LLCPre-Seed$1.0M$30.8M2.86×
VivaQuant, LLCPre-Seed$1.2M$30.8M2.86×
AHC of Henderson, LLCPre-Seed$1.0M$30.8M2.86×
Orthoevidence Inc.Pre-Seed$1.1M$30.8M2.86×
ShiftWizard, Inc.Pre-Seed$2.8M$30.8M2.86×
Darwin Life, Inc.Pre-Seed$1.0M$30.8M2.86×
CRG Medical, Inc.Pre-Seed$1.0M$30.8M2.86×
iOrthopedics, Inc.Pre-Seed$1.0M$30.8M2.86×
Innovatel, LLCPre-Seed$1.0M$30.8M2.86×
Chartered Medical Solutions LPPre-Seed$2.0M$30.8M2.86×
PortCo, LPPre-Seed$1.0M$30.8M2.86×
USRC Covington, LLC this companyPre-Seed$850K$26.2M2.43×
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$850K2017-06-01$4.7M$26.2M90%
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$850K2017-06-01
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
Intelligence
Modeled next raise
$1.4M
Modeled next size est.range $884K$2.2M
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
James Shelton39 other2017-06
Stephen Pirri28 other2017-06
Thomas Weinberg23 other2017-06
David Eldridge20 other2017-06
Ekundayo Falase2017-06
Registry & provenance

USRC Covington, 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
1708668
SEC CIK
2017
Incorporated
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
USRC South Aiken, LLCOther Health CarePre-Seed$796K$24.5Mnetwork4 shared operators · same sector · same stage
USRC Beeville, LLCOther Health CarePre-Seed$790K$24.3Mnetwork4 shared operators · same sector · same stage
USRC DH Acute, LLCOther Health CarePre-Seed$988K$30.4Mnetwork4 shared operators · same sector · same stage
Usrc Hickory Hills, LlcOther Health CarePre-Seed$575K$17.7Mnetwork4 shared operators · same sector · same stage
Usrc West Chicago, LlcOther Health CarePre-Seed$575K$17.7Mnetwork4 shared operators · same sector · same stage
USRC Beretania, LLCOther Health CarePre-Seed$500K$15.4Mnetwork4 shared operators · same sector · same stage
USRC Napa, LLCOther Health CarePre-Seed$500K$15.4Mnetwork4 shared operators · same sector · same stage
USRC Roanoke, LLCOther Health CarePre-Seed$500K$15.4Mnetwork4 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
Usrc Sharpstown, LlcOther Health CareSeed$17.9M87%
USRC Hill Country, LLCOther Health CarePre-Seed$15.4M87%
USRC Earl Street, LLCOther Health CareSeries A$143.5M86%
Usrc Mhp, LlcOther Health CareSeed$58.2M86%
Usrc Conroe, LlcOther Health CarePre-Seed$25.7M86%
Usrc Gloucester, LlcOther Health CareSeed$57.6M86%
USRC South Arlington, LLCOther Health CarePre-Seed$25.1M86%
USRC North Hollywood, LLCOther Health CareSeed$34.8M86%
Frequently asked
How much funding has USRC Covington, LLC raised?
USRC Covington, LLC has raised approximately $850K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is USRC Covington, LLC's estimated valuation?
Provath's modeled valuation for USRC Covington, LLC is approximately $26.2M (modeled range $533K–$297.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is USRC Covington, LLC at?
USRC Covington, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Jun 01.
What does USRC Covington, LLC do and where is it based?
USRC Covington, LLC operates in the Other Health Care sector, based in PLANO.
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