Seven Hills Capital Closes $235M Fund II to Scale Healthcare Services Buyouts
Seven Hills Capital just raised $235M for Fund II and did it in under 3 months. First and final close. Hard cap. Oversubscribed. That is not luck. That is signal. Matthew Pettit founded Seven Hills Capital in 2016 with a simple thesis: healthcare services is not a trade, it is a discipline. Majority control. First institutional capital. Revenue between $2M–$50M. EBITDA from $1M–$20M. Midwest and Southeast. Clear strategic exits. No tourist investing. Pick a lane and own it.
Fund I closed at $125M in December 2023. Fund II lands at $235M. That is $360M across 2 flagship funds built with college and university endowments, mission driven foundations, single and multi family offices, and outsourced CIOs. Pacenote Capital LLC helped place the paper. McGuireWoods LLP handled legal. Quiet professionals moving size without theatrics.
Seven Hills Capital calls itself a healthcare dedicated business builder. Not a slogan. An operating model. The Strategic Performance Group works revenue cycle, financial reporting, systems transitions, acquisition integration, strategic planning, and de novo growth. In other words, they do the blocking and tackling while management runs the ball.
Look at the roster. VersiCare Group serves more than 6,000 individuals across 5 states and over 20 programs. Lauren Sclescky drives that mission forward. Reliable Medical powers complex rehab and DME with Katie Stevens leading the charge. ExperCARE expands urgent care access under Catherine Grant. Associates in Pediatric Therapy supports pediatric therapy across disciplines, with Renea Sageser long steering the ship and Kimberly Goessele stepping in as CEO effective July 2025. CPS Infusion plants 7 flags across Greater Atlanta in outpatient infusion. Spa Medicca rides the medical aesthetics wave. This is not random. This is thematic precision across mental health, urgent and rural care, complex consumers, managed care services, medical aesthetics, and complex rehab and DME.
Seven Hills Capital sits in a city generating more than $92B in healthcare revenue and supporting over 570,000 jobs. You do not build a healthcare platform in a vacuum. You build it in an ecosystem.
Ben Ross focuses on growth. Drew Gauthier executes on the investment front. A Senior Analyst joined in February 2024. Lean team. Focused mandate. No excess motion.
Some firms raise funds. Others raise standards. When capital moves this fast toward a healthcare specialist with a defined aperture and operator muscle, it tells you something about where smart money believes the next decade of care will be built.