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Council Capital
Council Capital is a private equity and venture capital healthcare firm based in Nashville, Tennessee, U.S. HistoryThe firm was founded in 2000 by Nashville businessman Dennis C. Bottorff as Council Ventures.[1][2] It changed its name to Council Capital in 2011.[2] It has US$150 million of assets under management.[3] Council Capital invests in "growth and early-growth stage health care companies."[2] It has received funding from TNInvestco.[3] InvestmentsThe firm invested in Senior Whole Health, a Massachusetts-based healthcare insurance company, in 2004.[4] By 2011, it sold its stake.[4] In 2011, it invested in Payment America Systems Inc., a healthcare company which provides "total revenue cycle management" of "patient-responsibility receivables."[3] It invested US$3.25 million in Ingenious Med, a healthcare software company headquartered in Atlanta, Georgia, in 2011.[5] By 2014, after vastly expanding its marketshare, including selling its product to the Hospital Corporation of America, Council Capital sold its stake to North Bridge Growth Equity, a private equity firm based in Massachusetts.[5] In 2013, the firm acquired a majority stake in TMG Gases, a medical gas (including oxygen) company.[6] In October 2018, Council Capital invested in The Center for Neurological and Neurodevelopmental Health and The Clinical Research Center of New Jersey.[7] References
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