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Industry

Legal Funding

Company Type

Financial Services

Size

$50 Million

Investment Type

Debt

For additional information, please contact:
Anna M. Moisuc | Managing Director
(332) 207-8267

Overview


 

Apogee Capital Partners is raising $50 million to provide essential financial solutions within the personal injury litigation market by funding healthcare providers and injured victims

 

  • Established Fund with Proven Results: Apogee offers two core funding services with $50M in assets and a 5-year track record of 13% annual returns, aiming to expand through this capital raise

 

  • Victim Funding: Provides non-recourse financial support to injured victims for medical care and living expenses, ensuring access to necessary treatment

 

  • Medical Provider Funding: Guarantees reimbursements to doctors and healthcare providers treating underinsured or uninsured personal injury victims, either by purchasing their medical receivables or funding new treatments

 

  • Robust Operational Model: The Company employs stringent underwriting standards, contractual agreements with healthcare providers, and proprietary software for effective receivables management

Opportunity


  • The US personal injury market reached $57.3 billion in 2024

 

  • Increasing U.S. healthcare costs are driving demand for funding solutions to alleviate financial strain on patients and providers

 

  • Significant under penetration in healthcare receivables and pre-settlement advances, presenting a substantial market opportunity

 

  • Underexplored personal injury litigation sector offers attractive target expected returns for investors

 

  • Complexity and length of personal injury cases drive growing demand for specialized funding solutions

 

  • Demand for new sources of legal funding from law firms, commercial litigants and individual consumer plaintiffs is growing in tandem with the costs and duration of litigation

Solution/Strategy


Three-Pronged Approach:

 

  • Contractual: Physicians participate financially after a performance threshold in the settlement process is achieved, keeping them vested

 

  • Underwriting: Employs stringent underwriting guidelines with thorough review protocols to maximize the probability of positive settlement outcomes

 

  • Collections: A specialized team of collection specialists, supported by proprietary software, monitors the settlement and negotiation of every receivable

 

Operational Platform: The company acquires rights to medical claims at a discount, provides cash flow to healthcare providers, and profits from the spread between financed amounts and final settlement payments

Market Dynamics


Increasing U.S. healthcare costs are driving demand for funding solutions to alleviate financial strain on patients and providers

 

Patient-centric care models and the shift towards patient-centric care requires funding services to ensure timely treatment for uninsured or underinsured personal injury victims

 

Ongoing legal changes are extending settlement times, heightening the need for sustained financial support in personal injury cases

 

Expanding litigation financing industry is creating a more competitive and dynamic market

 

Economic fluctuations increase demand for financial products that offer stability in high-risk sectors like personal injury litigation

Investment Highlights


 

High Market Potential: Positioned to capitalize on the underpenetrated healthcare receivables and pre-settlement funding sector

 

Reliable Returns: Consistently delivered a 13% annual return through a carefully managed portfolio

 

Significant Growth Opportunity: Well-positioned to leverage existing relationships and market demand to rapidly expand the funding portfolio

 

Robust Industry Network: Extensive relationships with healthcare providers and legal professionals nationwide

 

Expert Leadership: Guided by a management team with over 65 years of experience, ensuring strategic growth and stability

Operational Excellence


 

  • Stringent guidelines and rigorous underwriting ensure acquisition of high-quality receivables, minimizing risk

 

  • Specialized, company unique and custom-coded software streamlines receivable recovery, enhancing efficiency

 

  • Diversified revenue streams in the form of multiple offerings, including healthcare receivables and pre-settlement advances, boost resilience

 

  • Strong provider network underpinned bydeep relationships with healthcare providers, ensuring a steady flow of receivables

 

  • Scalable Operations with infrastructure ready to support significant growth and increased funding volume

Competitive Landscape

 

and Advantages


  • Niche market focus with specialization in healthcare receivables and personal injury funding, with limited competition

 

  • Comprehensive services formed by a unique blend of healthcare receivables and pre-settlement advances, unlike single-focus competitors

 

  • Proven and consistent year-over-year growth, showcasing stability and success in a specialized market

 

  • Innovative strategies such as performance-based physician participation which enhances provider loyalty and retention

 

  • Market agility and demonstrated adaptability to market challenges, reinforcing competitive strength

Portfolio and Proven Track Record


  • Diverse receivables portfolio with over $50 million in healthcare receivables, with strong relationships across multiple medical specialties

 

  • High-Quality Assets: Portfolio includes 14,000+ individual dates of service, ensuring a broad and reliable asset base

 

  • Consistent Growth: Year-over-year portfolio expansion, even during challenging periods like the COVID-19 pandemic

 

  • Solid Reputation: Established trust and reliability with healthcare providers nationwide since 2019

 

  • Strategic Risk Management: Effective portfolio diversification and stringent underwriting contribute to stable returns

Growth and Financial Performance


Robust Revenue Growth: Average 50%+ annual revenue growth since inception, driven by strategic expansion in funding services

 

Diversified Revenue Streams: Balanced mix of healthcare receivables and pre-settlement advances, reducing revenue volatility

 

Strong Funding Capacity: Well-capitalized through a reliable national network, supporting consistent growth

 

Profitable Operations: Sustainable profitability with a focus on high-margin funding opportunities

 

Scalable Model: Proven ability to scale operations to meet increasing demand in a growing market

Management Team


Peter Rood – Managing Partner


Founding member of Apogee Capital Partners, LLC. Has experience in the medical receivables funding sector for more than ten years and has been responsible for the funding of approximately $300 million dollars in gross receivables. Prior to entering the Medical Receivables sector, was COO for a Private REIT where responsibilities included the acquisition, renovation and rental of a 582-home portfolio valued at $150 million dollars. Prior to becoming COO of the Private REIT, was the owner of Suniland Press, Inc., a large commercial printing company in South Florida for more than 30 years. Acquired this family-owned business and grew it into a facility that operated 24 hours a day 7 days a week and employed over 135 employees. The company’s client list included many Fortune 200 companies. Received Bachelor of Business Administration from the University of Miami with a major in Finance and minor in Accounting.

Grant Godby Managing Partner


Founding member of Apogee Capital Partners, LLC. Principal of CTX Medical Consultants. CTX Medical provides consulting services and products to hospitals, surgical centers, interventional radiologists and spine surgeons serving Austin, Houston, San Antonio and El Paso Texas. CEO and Managing Member of Austin Midtown Ambulatory Surgery Center located in Austin, Texas, and Galen NeuroDiagnostics, LLC, a neuromonitoring servicing company catering to ortho and neuro spine surgeons. Prior to this, regional director of sales for Stryker Corporation in the Southwest region. Received Bachelor of Business Administration with a major in Management Information Systems from the University of Oklahoma and an MBA from the Price College of Business.

Specific Risks


 

  • Tort Reform: Changes in legislation that could impact personal injury settlements 

 

  • Fraud: Potential for fraudulent claims within the personal injury space 

 

  • Market Volatility: Fluctuations in the personal injury litigation market could affect returns

 

  • Regulatory Environment: Compliance with evolving regulations in the healthcare and insurance sectors 

 

  • Case Settlement Delays: Extended timelines for legal settlements in personal injury cases could delay cash flow, affecting the company’s ability to meet financial obligations and growth targets

 

  • Provider Dependence: Heavy reliance on a concentrated group of healthcare providers could pose a risk if these providers face operational or financial difficulties, impacting the volume of receivables available for purchase 

 

  • Settlement Amount Variability: The unpredictability of settlement amounts in personal injury cases could lead to variability in returns, especially if settlements are lower than anticipated 

 

  • Judicial Backlog: Increasing backlog in courts could result in delays in case resolution, impacting the timing of collections and overall returns 

 

  • Private securities are speculative, illiquid, and carry a high degree of risk – including the loss of the entire investment
Learn More About Apogee Capital Partners

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Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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