Advantage Capital

Advantage Capital, established in 1992, is a venture capital firm specializing in growth equity, lending, and mezzanine debt capital investments. It focuses on small businesses, particularly those in low-income communities and underserved areas, supporting state and local economic development efforts. The firm invests across various industries, including manufacturing, technology, business services, and renewable energy, with a typical initial investment range of $0.5 million to $10 million. Advantage Capital provides debt capital in forms such as senior debt, subordinated loans, and government-guaranteed lending, as well as equity capital to real estate development firms. It operates from multiple offices across the United States, with a headquarters in New Orleans, Louisiana.

Al Alvarez

Director

Brian Anderson

Managing Director

Michael Benson

Senior Vice President

Anthony Billings

Senior Vice President and Investment Team Member

Adam Constantinides

Senior Vice President

Anaëlle Croteau

Vice President

Keith Freeman

Managing Director

Trey Garland

Senior Associate and Investment Team Member

Trey Garland

Senior Associate

Joseph Henderson

Senior Vice President

Joseph Henderson

Senior Vice President, Investment Team

Leah Hendricks

Senior Vice President, Investments Team

Reid Hutchins

Managing Director

Peter Lu

Senior Associate

David McNaught

Vice President

Arjun Mohan

Vice President

Sandra M. Moore

Managing Director, Chief Impact Officer

Jim O'Rourke

Managing Director

Justin N. Obletz

CFO and Managing Director

Tim Perusek

Principal and Investment Group Member

Josh Rogers

Principal

Gabe Rosen

Vice President

Sam Schlichting

Senior Associate, Investment Team

Talmadge Singer II

Managing Director

Matthew Switzer

Vice President

Tony Toups

Principal

Alexandra Twyman

Vice President and Investment Team Member

Benjamin Warning

Senior Vice President

J.P. Lynch

Vice President, Investments

Jeffrey Gentsch

Venture Partner

Past deals in Hospital

Westport Linen Services

Debt Financing in 2021
Westport Linen Services, LLC, based in Baton Rouge, Louisiana, specializes in providing rental linen and laundry services exclusively for the healthcare sector. Established in 1999, the company partners with hospitals, clinics, surgical centers, nursing homes, and physician practices to deliver a wide range of products, including physicians' coats, scrub apparel, patient gowns, and various linens such as bath towels and bed sheets. Additionally, Westport Linen Services offers custom embroidery and logo creation, as well as direct purchase options for its clients. By eliminating the need for costly capital investments in equipment and staffing, the company helps healthcare organizations reduce expenses while enhancing patient satisfaction and professional image.

Westport Linen Services

Debt Financing in 2020
Westport Linen Services, LLC, based in Baton Rouge, Louisiana, specializes in providing rental linen and laundry services exclusively for the healthcare sector. Established in 1999, the company partners with hospitals, clinics, surgical centers, nursing homes, and physician practices to deliver a wide range of products, including physicians' coats, scrub apparel, patient gowns, and various linens such as bath towels and bed sheets. Additionally, Westport Linen Services offers custom embroidery and logo creation, as well as direct purchase options for its clients. By eliminating the need for costly capital investments in equipment and staffing, the company helps healthcare organizations reduce expenses while enhancing patient satisfaction and professional image.

Genicon

Debt Financing in 2020
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

Genicon

Debt Financing in 2019
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

Genicon

Debt Financing in 2018
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

ModernMD Urgent Care

Debt Financing in 2018
ModernMD Urgent Care operates a network of urgent care centers that provide accessible medical services seven days a week. The centers are equipped to handle a variety of health issues, including common illnesses such as colds and the flu, as well as injuries like sprains and fractures. In addition to treating urgent medical conditions, ModernMD offers a range of services including physicals, vaccinations, immunizations, laboratory tests, and x-ray services. By focusing on timely and convenient care, the company aims to deliver an affordable alternative for patients seeking treatment for everyday health concerns.

ModernMD Urgent Care

Venture Round in 2018
ModernMD Urgent Care operates a network of urgent care centers that provide accessible medical services seven days a week. The centers are equipped to handle a variety of health issues, including common illnesses such as colds and the flu, as well as injuries like sprains and fractures. In addition to treating urgent medical conditions, ModernMD offers a range of services including physicals, vaccinations, immunizations, laboratory tests, and x-ray services. By focusing on timely and convenient care, the company aims to deliver an affordable alternative for patients seeking treatment for everyday health concerns.

Marque Medicos

Debt Financing in 2018
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

Genicon

Debt Financing in 2017
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

Marque Medicos

Debt Financing in 2016
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

Genicon

Debt Financing in 2016
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

Hygia Health Services

Series B in 2015
Hygia Health Services, Inc. is a Birmingham, Alabama-based company that specializes in the reprocessing of non-critical and semi-critical single-use medical devices. Founded in 1999, Hygia engages in the reprocessing, buying, and selling of various medical devices, including air transfer mattresses, ECG leads, stethoscopes, blood pressure cuffs, and cerebral-somatic sensors. By transforming single-use items into reusable products, Hygia aims to reduce costs for hospitals and healthcare institutions while also minimizing medical waste. The company operates as a subsidiary of Stryker Corporation, highlighting its integration into a larger healthcare framework. Hygia Health Services is dedicated to providing essential clinical commodities and reprocessing services that deliver significant value to its clients through improved cost-effectiveness and sustainability.

Genicon

Series B in 2015
Genicon is a privately held company that specializes in the design, production, and distribution of patented surgical instruments specifically for laparoscopic surgery. The company manufactures a range of minimally invasive surgical tools, including trocar cannula systems, lavage products, mono-polar instrumentation, and ligation systems. With several shareholders who are practicing surgeons, Genicon is committed to addressing the clinical needs and economic demands of modern healthcare. The firm aims to enhance surgical procedures while ensuring that healthcare facilities can effectively meet the evolving requirements of the global healthcare system.

Ashlar Holdings

Debt Financing in 2015
Ashlar Medical, LLC specializes in the development and manufacturing of medical products aimed at diagnosing and treating urinary conditions. The company offers a range of products, including rediCADDY, a bladder pressure measurement device; rediFLOW, a flow meter for assessing bladder fluid dynamics; and rediFILL, an infusion pump for bladder studies. Additionally, Ashlar Medical provides various catheters and related sets for diagnostic procedures, along with software for patient scheduling and exam reporting. The company caters to healthcare professionals and patients through a network of distributors both in the United States and internationally. Founded in 2006, Ashlar Medical is headquartered in Natchitoches, Louisiana.

Ashlar Holdings

Debt Financing in 2014
Ashlar Medical, LLC specializes in the development and manufacturing of medical products aimed at diagnosing and treating urinary conditions. The company offers a range of products, including rediCADDY, a bladder pressure measurement device; rediFLOW, a flow meter for assessing bladder fluid dynamics; and rediFILL, an infusion pump for bladder studies. Additionally, Ashlar Medical provides various catheters and related sets for diagnostic procedures, along with software for patient scheduling and exam reporting. The company caters to healthcare professionals and patients through a network of distributors both in the United States and internationally. Founded in 2006, Ashlar Medical is headquartered in Natchitoches, Louisiana.

Marque Medicos

Debt Financing in 2013
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

Hygia Health Services

Debt Financing in 2013
Hygia Health Services, Inc. is a Birmingham, Alabama-based company that specializes in the reprocessing of non-critical and semi-critical single-use medical devices. Founded in 1999, Hygia engages in the reprocessing, buying, and selling of various medical devices, including air transfer mattresses, ECG leads, stethoscopes, blood pressure cuffs, and cerebral-somatic sensors. By transforming single-use items into reusable products, Hygia aims to reduce costs for hospitals and healthcare institutions while also minimizing medical waste. The company operates as a subsidiary of Stryker Corporation, highlighting its integration into a larger healthcare framework. Hygia Health Services is dedicated to providing essential clinical commodities and reprocessing services that deliver significant value to its clients through improved cost-effectiveness and sustainability.

Marque Medicos

Debt Financing in 2012
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

Hygia Health Services

Series A in 2011
Hygia Health Services, Inc. is a Birmingham, Alabama-based company that specializes in the reprocessing of non-critical and semi-critical single-use medical devices. Founded in 1999, Hygia engages in the reprocessing, buying, and selling of various medical devices, including air transfer mattresses, ECG leads, stethoscopes, blood pressure cuffs, and cerebral-somatic sensors. By transforming single-use items into reusable products, Hygia aims to reduce costs for hospitals and healthcare institutions while also minimizing medical waste. The company operates as a subsidiary of Stryker Corporation, highlighting its integration into a larger healthcare framework. Hygia Health Services is dedicated to providing essential clinical commodities and reprocessing services that deliver significant value to its clients through improved cost-effectiveness and sustainability.

Marque Medicos

Debt Financing in 2011
Marque Medicos LLC is a healthcare provider based in Chicago, Illinois, specializing in physical medicine services for injured workers, particularly within the Hispanic community. Founded in 2008, the company offers a range of services including orthopedics, hand specialty care, neurology, chiropractic treatment, physical therapy, pain management, and ambulatory surgical care. Marque Medicos focuses on outpatient-based surgical facilities that cater to various workplace injuries, such as strain injuries and pain in the lower back and neck, ensuring that patients receive experienced and effective treatment in a friendly environment.

Alamo Hospice

Debt Financing in 2010
Alamo Hospice is a healthcare provider dedicated to delivering specialized care and support for patients with terminal illnesses, such as cancer, AIDS, emphysema, and heart failure. The organization focuses on providing comprehensive physical, emotional, social, and spiritual support to enhance the quality of life for patients facing end-of-life conditions. By prioritizing dignity, choice, and comfort, Alamo Hospice aims to ensure that patients and their families receive the compassionate care they need during difficult times.

Healthcare Plus Supplies

Debt Financing in 2010
Healthcare Plus Supplies is a medical equipment supplier that provides products and services to local hospices and their patients. It supplies respiratory equipment, semi-electric hospital beds, oxygen concentrators, over-bed tables, wheelchairs, nebulizers, and other medical items. The company was established in 2009.

Morehouse Parish Hospital Service District 1

Debt Financing in 2008
Morehouse Parish Hospital Service District 1 is a healthcare-focused medical group. Morehouse Parish Hospital Service District 1 is based in Los Angeles, California.

Awarix

Venture Round in 2006
Awarix develops software and online tools tailored for the healthcare industry. Based in Alabama, USA, the company offers a digital platform designed to manage all patient data efficiently. Awarix provides communication and reporting tools that enable operational and administrative staff to quickly access critical information across the entire healthcare enterprise.

HospiScript Services

Debt Financing in 2005
HospiScript Services provides pharmacy medication therapy management services to the hospice industry.
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