What we acquire
We acquire established businesses where operating leverage is mispriced by under-management, not by market.
Target profile
What we bring
Capital for clean ownership transition. An operating playbook for workflow standardization. Proprietary automation and AI for high-impact workflows. An analytics layer running on weekly cadence. Strategic optionality across the portfolio.
- Annual EBITDA: $5–15M, with platform-buildable upside
- Revenue model: Recurring, contracted, or transactional with high renewal
- Sector: Healthcare revenue cycle management, specialty billing, and adjacent healthcare operations
- Geography: US-headquartered, US-operating
- Stage: Founder-owned, family-owned, or institutionally owned and ready for transition
Out of scope
- Pre-revenue or pre-profitability businesses
- Capital-intensive infrastructure plays
- Asset-heavy operating models without service economics
- Geographies outside the US
Process
First conversation within five business days of qualified inquiry.
Mutual NDA at our standard form prior to financials review.
Indication of interest within two to three weeks of management call.
Confirmatory diligence runs in parallel with documentation.
Path to close, in most cases, inside sixty to ninety days from letter of intent.
Submit an opportunity
Reach our deal team at deals@ironstonecap.com or use the Partner with Ironstone form. We respond to qualified inquiries within five business days.