Healthcare-focused private equity firm
Leavitt Equity Partners
- HeadquartersSalt Lake City, UT S2
- Founded2014 S2
- Websiteleavittequity.com
- Last verifiedOctober 20, 2026
At a glance
| Assets under management | $600M (as of May 2026) S2 |
|---|---|
| Latest fund | LEP III, $180M (Jan 2024) S7 |
| Deal types | Growth, Minority S2 |
| Sectors | Healthcare Services, IT Services & MSP, Software & SaaS |
What Leavitt Equity Partners buys
Leavitt Equity Partners is a Salt Lake City private equity firm that invests only in healthcare. Mike Leavitt, a former U.S. Secretary of Health and Human Services, founded it in 2014, and most of its investors are healthcare organizations such as health systems, insurers, drug makers and health IT companies. It backs growth and lower middle market companies that help move healthcare toward value-based care. Its themes include shifting care to cheaper settings, easing labor and paperwork burdens, making health data more useful, risk-based payment, and caring for high-cost or underserved patients.
Leavitt leads some deals and invests alongside other growth or private equity firms on others. Its third fund closed at about $180 million in January 2024, and the firm says it manages $600 million in total. It publishes no revenue or EBITDA range. In its January 2025 Pediatrics Plus deal it invested with Fulcrum Equity Partners while the founders stayed the largest shareholders, so owners who want to keep a big stake and add healthcare policy expertise are a natural fit.
Recent deals
Announced in the 24 months before October 20, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| May 2026 | Impact AdvisorsNaperville, Illinois healthcare IT and management consulting firm, held in LEP III | Investment | IT Services & MSP | Source |
| March 2025 | AMI Expeditionary HealthcareVirginia provider of clinical staffing, crisis response and global health services, held in LEP III | Investment | Healthcare Services | Source |
| Jan 2025 | Pediatrics PlusArkansas pediatric therapy provider, backed with Fulcrum Equity Partners; the founders remain the largest shareholders | Investment | Healthcare Services | Source |
Portfolio by sector
From the firm's portfolio page S3.
Ambulatory Surgery Centers
- SurgNet Health Partners
At-Risk Primary Care
- MyCare Medical
- P3 Health Partners
Behavioral Health
- NeuroPsychiatric Hospitals
- RHA Health Services
Complex Rehab
- Numotion
Health IT
- b.well
- Impact Advisors
Health Plan
- Zing Health
Home Health
- United Energy Workers
In-home, geriatric physical therapy
- Fox Rehab
Lab Services
- Ovation
Life Science Services
- Apollo Intelligence
Long Term / Post-Acute Care & Services
- Care Hospice
- ClearSky Health
- Elara Caring
Medical Devices
- Allurion
Medical Office Building
- ShareMD
Outpatient Care
- OnPoint Medical Group
Pain Management
- Commonwealth Pain & Spine
Payer Services
- Advanced Medical Pricing Solutions
Pediatrics
- Pediatrics Plus
Physician Staffing
- Rural Physicians Group
Staffing
- AMI Expeditionary Healthcare
Women's Care
- Women's Care
Greymont’s take
How Leavitt Equity Partners fits a seller
Leavitt fits founders of healthcare services or health IT companies who want growth capital and policy know-how more than a full exit. Its pitch is help with reimbursement changes, health policy and the shift to value-based payment, drawing on a team that includes former HHS, CMS and FDA leaders and on investors who are themselves health systems and insurers. In the Pediatrics Plus deal, the founders kept the largest ownership stake and their board seats while Leavitt and Fulcrum came in as new investors.
Because Leavitt often invests alongside other firms, an owner should ask early who will lead the deal and who will hold control, since the co-investor's terms may matter as much as Leavitt's. It is also worth asking how much of LEP III, a fund of about $180 million, is left for follow-on growth and add-ons.
Questions owners ask
What kinds of healthcare companies does Leavitt Equity Partners invest in?
It looks for growth and lower middle market companies tied to value-based care. Current holdings range from hospice, home health and behavioral health providers to Medicare Advantage plans, pain management, pediatric therapy and health IT.
Does Leavitt invest on its own or with other firms?
Both. Its site says it leads some investments and partners with other growth and private equity firms on others. In January 2025 it backed Pediatrics Plus together with Fulcrum Equity Partners and Western Governors University.
Do founders keep ownership after a Leavitt investment?
They can. When Leavitt invested in Pediatrics Plus in January 2025, the company's founders remained its largest shareholders and kept their seats on the board of directors.
Who are Leavitt's investors?
Most of its capital comes from strategic healthcare partners, including provider systems, national and regional insurers, health IT and pharmaceutical companies, and healthcare executives. The firm says these investors also help with diligence and portfolio support.
Sources
- S1Leavitt Equity Partners home page Accessed October 20, 2026
- S2Leavitt Equity Partners: About (overview, investment strategy, value proposition) Accessed October 20, 2026
- S3Leavitt Equity Partners: Portfolio, page 1 Accessed October 20, 2026
- S4Leavitt Equity Partners: Portfolio, page 2 (LEP I holdings) Accessed October 20, 2026
- S5Leavitt Equity Partners: Portfolio, page 3 (LEP III holdings) Accessed October 20, 2026
- S6Pediatrics Plus Partners with Leavitt Equity Partners for Next Phase of Growth (January 13, 2025) Accessed October 20, 2026
- S7Leavitt Equity Partners Closes $180 Million Fund III Surpassing $150 Million Target (Business Wire, January 5, 2024; headline only) Accessed October 20, 2026
- S8Leavitt Equity Partners: News Accessed October 20, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Leavitt Equity Partners. Figures are as reported on the dates shown and may have changed. Request a correction