• Background: Healthly, LLC (“Healthly”), headquartered in Los Angeles, CA, is a provider empowerment platform, providing a one-stop solution for independent physicians to assume full-risk and succeed in value-based care, driving optimal outcomes for patients, providers, and health plans.
  • Cassel Salpeter:
    • Served as financial advisor to the company
    • Ran a targeted capital raise process, identifying and contacting over 60 investors
    • Advised Healthly in evaluating its financing options and provided assistance throughout the due diligence and closing process
  • Challenges:
    • Healthly was under LOI to purchase two IPAs and a Knox-Keene license and needed to move quickly to secure the capital necessary to execute the transaction
    • Required approval from California Department of Managed Health Care on transfer of the Knox-Keene license
  • Outcome: In June 2023, Healthly received financing from Corbel Capital Partners to support its acquisition of the Knox-Keene license and IPAs and fund its growth initiatives.