Chirag Desai

NEW YORK, April 30, 2024 /PRNewswire/ -- PRISM Consulting Partners, a Florida based healthcare private practice acquisition advisory and consulting company, and Lion Management Services Organization of New York, have partnered to form PRISM Concierge. PRISM Consulting Partners was formed in 2023 by founders Michael Guelcher, David Molle, and Brian Whitman. The three partners have over 60 years combined experience in acquisitions, transitioning practices, and healthcare business development. Lion Management was founded in 2021 by James Vena, a Wall Street veteran with 35 years of value creation and capital investment experience. Lion Management implements and manages strategic solutions for private healthcare practices. The newly formed PRISM Concierge aims to be a full-service provider to private healthcare practitioners looking for options ranging from maximizing profit to ultimately transitioning to their desired outcome. The client receives management of back-office services tailored to achieve that outcome. "PRISM Concierge offers the mechanisms and resources to achieve a higher level of freedom," states Michael Guelcher, PRISM Partner. "Change readiness encompasses discipline now, for more freedom and greater rewards later." David Molle goes on to state, "We're filling a void in the healthcare market by bringing together shared resources and services that will ultimately improve a practice's bottom line, while freeing up time to allow for better patient care. Essentially, we're doing the things Drs. don't get paid to do. From shared billing and credentialling, to consultants, attorneys, IT, HR, and a complete group purchasing organization to name a few, your "concierge" can help with most aspects of your business as a single point of contact." James Vena, CEO, Lion Management is enthused about the impact PRISM Concierge can have in the marketplace. "Our recent success of organizing a group of 20 practices in a short window and making them the 35th largest eyecare practice in just two years translates well. We are embarking on something that has never been done before, and there is considerable demand for these services." About PRISM Consulting: https://lnkd.in/ed3gHdVd About Lion Management Services https://lnkd.in/ei-cpseE https://lnkd.in/ei-cpseE #eyecare #privateequity #healthcare #eyewear #optometrist #exits #mso #managementservices

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We love seeing founders be able to keep their equity and take advantage of non-dilutive funding sources⚒️. We're excited to collaborate with Stacy Chin, PhD leader of KeepYourEquity.co, who has secured over $15M in SBIR/STTR grants for startups across various sectors. She's written a guest blog post sharing her insights on navigating the competitive landscape of grant funding 💰. Some highlights: ❇️ Understanding SBIR/STTR: A lifeline for startups, offering up to $2 million in non-dilutive funding! ⏺️ Learning how to overcome hurdles and capitalize on the golden opportunity. ❇️ Gaining essential tips on outlining your go-to-market strategy, choosing the right program, and preparing thoroughly. ⏺️ Benefiting from Stacy Chin's 10+ years of grant writing experience and her extensive track record in securing funding for startups. Read More in the blog post linked in the comment below 👇🏾 #SBIR #STTR #GrantFunding #StartupSuccess #SmallBusiness #KeepYourEquityCo #ShayCPA #cpafirm #techaccountants #startupaccountants #techstartup #techcompany #nondilutivefunding

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🌱 For founders taking on venture debt, covenants are the fine print you cannot afford to ignore. 📃 They set the boundaries for how you can operate and manage your company’s finances. If you don’t play by these rules, the consequences can be pretty dire. It’s all about negotiating terms that align with your startup’s financial health. Be sure to read the original post by Kruze Consulting to get the full breakdown. Link in the 1st comment. 👇 #StartupFinance

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Small business owners and accounting professionals should attend the "Enhancing Your Advisory Role: Best Practices for Securing Business Lending" event to gain valuable insights into the complex world of business financing, which is essential for growth and sustainability. This event will equip attendees with practical strategies for securing loans, helping them better navigate the lending process and understand key factors like creditworthiness, loan options, and risk mitigation. For accounting professionals, it offers an opportunity to expand their advisory services, enabling them to provide more comprehensive financial guidance to clients. Additionally, the event provides a platform for networking with industry experts and peers, fostering connections that can lead to future business opportunities. Don't miss this chance to enhance your financial expertise and improve your ability to secure the funding necessary for business success. https://lnkd.in/ea_xvnJr

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As we approach year-end, here's a helpful guide for General Partners and Limited Partners explaining: - What gets taxed? - What isn't taxed? - Scheduling K-1s - How venture fund earnings are taxed - VC fund write-offs - How Carta can help Check it out below (it's a quick read)!

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Hey founders! 🚀 APIC might not be top of mind, but it's a part of your startup's financial health. It’s a good idea to know what APIC is and how it’s calculated. 💼 Check out the original Kruze Consulting post for the full article link and get your financials in top shape! #StartupFinance

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May is when many private companies finalize mid-year comp plans 💵 Need a reliable 409A valuation? Or has it been over a year since your last? We've got you covered! Scalar's 409A valuations keep you compliant, protect employees from tax penalties, and come with a team that supports you all the way through an audit. https://lnkd.in/gs_CtPNS

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🇺🇸 In the midst of the 2024 US election cycle, both major candidates are proposing fiscal policies that could significantly impact the nation’s economic landscape. With promises to either increase spending or implement tax cuts, it’s clear that the fiscal budget is set to expand regardless of the election outcome. This raises important questions about the long-term sustainability of such policies and their effects on financial markets. 📉 The CBO projects that the US deficit could reach $1.9 trillion in 2024, up from $1.4 trillion in 2023. And if current policies hold, deficits could exceed $2.5 trillion annually by 2030, driving debt levels to 120% of GDP—the highest since WWII. Both candidates are focusing on stimulating the economy, yet neither has addressed the growing national debt in a substantial way. As we look ahead, it’s crucial for leaders to balance short-term economic gains with long-term fiscal responsibility. The financial markets will undoubtedly react to these fiscal strategies, and it’s essential for investors to stay informed and prepared for potential shifts. 📊 #US2024 #BudgetDeficit #FiscalPolicy #Elections #Investing #FinancialMarkets #Economy

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Strategic and corporate venture funds are increasingly playing a bigger in role earlier stage startups, particularly for #deeptech companies needing design partners to build and test their beta products. Looking forward to discussing some lessons learned for earlier stage companies seeking strategic investment with my fellow panelists Michael (Mick) Gilbert, Kenzie Weston Mucci, Katerina Fialkovskaya, Adarsh Sowcar, Jianyu (Jerrold) Wang, MBA, Maria G. Manrique and moderator Stephen Brook. Thanks to Peter Walker and the team for organizing the annual New England Venture Summit. Definitely recommend the youngStartup Ventures conferences. #vc #cvc #startups #investment

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My colleagues at BIP Capital work hard to meet the private market investing needs of HNWIs and the RIAs who serve them. The potential for compounding returns is a critical consideration, so we've put together a short, straightforward explanation of what they are and how they work. We also want to help our clients understand how evergreen funds like the BIP Ventures Evergreen BDC encourage compounding returns. Because they offer patient capital and reinvestment opportunities, evergreen funds can move high-performing portfolio startups to optimal outcomes. That's good for investors who are willing to take a longer view. If you want to get the inside knowledge on this important topic, check out our "Expert Guide to Compounding Returns with Evergreen Funds." https://lnkd.in/efXAbibV BONUS: If you're an RIA, join us for a brief informational session tomorrow (June 11th) at 2:00 pm EST. You'll get useful information from some of the most seasoned, intelligent authorities in private market investing. Mark Flickinger Phil Davidson #CompoundingReturns #EvergreenFunds #WealthManagement #LongTermInvestment #PrivateEquity #HNWIs #FamilyOffices #RIAs #BIPCapital #BIPVentures 📣 BTW, webinar seats close EOD today, so grab yours now. (Shhhhh.... if you miss it, DM me and I'll be glad to help you out.) https://hubs.ly/Q02B7zL40

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Great post from Zaz Floreani on best practices for running board meetings. Even at the pre-seed where the team is in the nebulous phase of finding product-market fit versus executing against a plan, a good board meeting can help the company pull up from the day to day and focus on the big picture. Just the exercise of organizing your thoughts on how things are going and what adjustments need to be made can provide a lot of value and accountability for the founders.

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Businesses can be focused on cash flow, backed by private equity, growth (VC), or aimed at long-term holding. But they will all have a different "feel" Cash Flow Focused: These businesses prioritize low overhead and quick returns on investment (ROI), showing little patience for building capacity. Scaling is difficult when cash isn't reinvested. Growth-Oriented: Companies driven by growth capital invest heavily to create the future company today, with less concern for immediate profitability. All about top-line revenue. Private Equity Backed: In PE-backed firms, the emphasis is on achieving a lucrative exit. The business is managed aggressively on a quarterly basis to maximize strategic value and EBITDA for the eventual exit. The quicker the sale, the higher the IRR. Long-Term Hold: These organizations prioritize minimizing risks over pursuing high returns, favoring a conservative approach. They view business as a marathon rather than a sprint. There is no single correct approach but the capital backing a business ultimately shapes the business.

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We're absolutely thrilled to announce a monumental milestone for Flo Health Inc.! After years of dedication to women's health, Flo, a long-standing member of the Target Global family, has secured over $200 million in Series C funding led by General Atlantic.This incredible investment propels Flo's valuation beyond $1 billion, officially making it a unicorn – a rare and remarkable feat in the femtech space. This accomplishment isn't just about numbers. It's a testament to the power of prioritizing women's health. Flo has seen phenomenal growth over eight years, becoming the #1 downloaded app in the Health & Fitness category. Today, Flo empowers nearly 70 million monthly active users (MAUs) and boasts close to 5 million paid subscribers. Notably, 1 in 4 US women trust Flo, solidifying its position as a leader in the global movement for women's health. But this is just the beginning! This investment fuels Flo's mission to revolutionize female healthcare experiences worldwide. By directing resources towards areas of critical yet unmet needs (which, let's be honest, encompasses a vast majority of women's health!), Flo will continue to be a driving force for positive change. Congratulations Dmitry Gurski,Yuri Gurski, and the entire Flo Health Inc. team! More in the Financial Times here ---->https://lnkd.in/dJZdajM4

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The Information broke news that Insight Partners has just secured $10B in funding for their latest flagship fund. This is perfectly timed given their multiple $1B+ companies sold over the past week. This is a clear sight that #limitedpartners still have in their #privateallocations even during the current slow markets for #IPOs and #M&A. This would also appear to be good news for #AIfinancing and #SaaSFinancing. What do you think? #Management #VentureCapital #PrivateEquity #CapitalMarkets https://lnkd.in/gXu_s8Qj

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Monday Momentum: Strategy #16 for a Successful Exit – Maintaining Financial Controls. Strong financial control is the backbone of a scalable, high-value business. Buyers and investors want to see robust systems, clear profitability, and data-driven decision-making. Here’s how to ensure your financial foundation is solid: Tip 33: Appoint a Finance Director (FD) or CFO Bring on a Finance Director or CFO to oversee your financial operations. This leader ensures profitability, manages financial planning, and provides critical insights as your business grows. A strong financial leader signals stability and readiness to scale. Tip 34: Monitor Key Financial Metrics Regularly track indicators like utilization rates, fee rates, and overhead costs. Keeping a close eye on these metrics helps you make informed decisions to maintain profitability and optimize operations. Example: A professional services firm hired a CFO to manage its financial operations and implemented monthly reviews of key metrics. The CFO identified inefficiencies in overhead spending and adjusted fee rates to improve margins. These changes resulted in stronger profitability, which became a key factor in the firm’s valuation during acquisition talks. The takeaway: With financial control and oversight, you not only scale effectively but also demonstrate operational excellence to potential buyers. When it is time to produce a Quality of Earnings report to a buyer pool you will have everything at your fingertips. Ready to strengthen your financial foundation for a successful exit? #MondayMomentum #ExitStrategy #FinancialControl #Profitability #Leadership #CFO #Entrepreneurship #Club33

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Thanks, Axial, for your findings. I'd rank the Management Team high in the business description. As investors, we are buying their core competencies, track record, market position, and strategic fit. #privateequity #buyout #independentsponsor #growthequity #food #beverage #CPG #healthwellness

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The “long-term hold” strategy is one that has received an increasing amount of attention within the #ETA ecosystem of late: Instead of selling a company within 5-7 years of acquiring it, why might you choose to hold it for a much longer period of time? Why not hold it indefinitely?   To unpack the long-term hold thesis, I could think of no guest more appropriate than Zac Carman: Zac acquired ConsumerAffairs.com in 2010, and has been its CEO for the past 14 years. In our discussion today, among many other things, we unpack Zac’s long-term-hold strategy and discuss the extent to which it was deliberate or emergent, how he has managed liquidity requirements for both himself and his investors, the commercial and personal reasons why a long-term hold strategy makes sense for him, and if he thinks it makes sense for an entrepreneur to target a long-term hold strategy before acquiring their first company.   Please enjoy! https://lnkd.in/gZujiyxD

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