Last month, Nashville-based Council Capital announced an investment in Adva-Net, a Florida-based workers’ compensation network management company that actively manages the cost and quality of pain treatments and post-acute care for workers’ compensation patients for payers – including insurance companies, intermediaries and self-insured employers – by building networks of providers and monitoring their clinical quality on behalf of payers. Council Capital acquired a minority stake in Adva-Net, which has experienced strong growth and more than doubled revenue in a six-month timeframe. Proceeds were used to fund Adva-Net's continued growth, as well as re-capitalize existing shareholders.
Adva-Net will receive access to the CEO Council, a distinct value proposition of Council Capital that offers exclusive access to a top tier group of 34 industry-leading CEOs who have committed more than $120 million of capital to Council Capital Funds and are deeply involved in helping support the growth and success of portfolio companies by providing access to their extensive networks and expertise.