Operating Partner

Job Description

Prospera Executive has been instructed on an Operating Partner search for a lower middle-market healthcare services investment firm.

The fund invests exclusively in the smaller end of the lower middle market, healthcare services businesses with $40-200m of revenue and $8-20m of EBITDA, partnering with founders to professionalise and scale their businesses ahead of the next stage of institutional growth. The firm already fields a bench of subject-matter specialists across revenue cycle management, payer strategy, healthcare technology, the office of the CFO, legal and BI/analytics. It is now looking to bring in a generalist "quarterback" who has sat in the CEO chair themselves, to work directly across the portfolio alongside those specialists and the existing leadership teams.

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• Act as a hands-on generalist partner across the portfolio, working alongside existing subject-matter specialists (RCM, payer strategy, healthcare technology, finance, legal, BI) rather than as a narrow specialist themselves
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• Advise portfolio company CEOs and leadership teams directly on growth strategy, multi-site scaling, operating infrastructure and performance improvement
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• Contribute to operational diligence on new acquisition targets, assessing management capability, operating model and post-close value-creation potential
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• Partner with the investment team on portfolio strategy and value-creation planning
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• Support portfolio companies through to exit, including exit preparation and process
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• Represent the operating team in investor-facing contexts as required
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Ideal Candidate

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• Former CEO of a lower middle-market, PE-backed healthcare services business, ideally with a full-cycle exit under their belt
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• Comfortable building infrastructure and operating discipline from a low base, genuinely hands-on rather than a big-company executive
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• Prior experience as an Operating Partner, Executive Partner or equivalent multi-portfolio advisory role strongly preferred, this is a role for someone who already works this way, not a first attempt at the CEO to OP transition
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• A true generalist, able to flex across commercial, operational and organisational challenges without deferring entirely to specialists
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